Sexty & Co was established in 1924 and today, we continue to build on our enviable reputation for providing excellent advice and first class service to our business and personal clients alike. We have many clients in the local community and service businesses, small and large, across many sectors including... read more.
As tax advisers, our objective is to work closely with you to ensure you pay the minimum tax required by law. We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way.
Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your company's tax liability and assist with the calculation of any quarterly instalment payments.
The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective corporate tax planning can also result in significant improvements in your bottom line.
We are specialists in income tax, capital gains tax and inheritance tax.
Self Assessment
We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax positions and the planning opportunities available to you. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.
Personal tax planning
Today, more and more emphasis is being put on taxpayers' individual responsibilities and everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. Our specialist tax team can provide you with year-round advice on all aspects of personal taxation.
Estate planning
Few of us like to think about dying, however the relevant legislation requires us to plan well in advance. This means making the necessary provisions now. There are many tax opportunities available and the earlier arrangements are made, the greater the chance of taking full advantage of our complicated tax system.
It is important when planning to transfer an estate that adequate provision is made and getting the right balance requires considerable skill and foresight - along with a detailed knowledge of the current tax regime. We provide a discreet comprehensive estate planning service that includes:
We also have expertise in dealing with trusts; a relatively easy and very tax efficient way to set aside assets for future beneficiaries outside the inheritance tax net. We can advise on the most suitable type of trust to fulfil your wishes, assist in setting up the trust and provide the full range of accounting services required for trust management.
Ever changing regulations and the growing demands of Customs & Excise mean VAT compliance can be a difficult administrative process. We can help to ensure that you comply with the regulations and that overpayments are not made. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:
Regardless of how careful you are with your tax affairs, H M Revenue & Customs can randomly select you for a tax enquiry. You will be responsible for proving your innocence or agreeing to the Tax Inspector’s demands. Unfortunately, your defence will cost considerable time and money – even a basic tax enquiry can cost you several thousands of pounds and typically last up to 19 months!
Our Tax Investigations Service will provide you with full representation from a Sexty & Co expert to handle HMRC on your behalf and negotiate the best possible result for you. For only a relatively small annual fee, you will get an outstanding level of protection and complete peace of mind.
The tax authorities are cracking down on tax compliance to rake in huge sums of money for the Exchequer and innocent taxpayers are being caught in the crossfire. Please remember that:
In addition to random enquiries, over the past 2 years HMRC has targeted specific trades and professions in order to increase the tax take – Hospital Consultants, Plumbers, Vets, Cash Trades and particularly Personal Tax Clients have all felt the fury of the taxman. Even worse are the new Business Records Checks where HMRC are selecting 20,000 small and medium sized enterprises each year to review the types of records they hold. These checks have already begun, so subscribe to our Tax Investigations Service today to ensure you are fully protected.
To find out more or to subscribe, please call your usual Sexty & Co contact on 01603 629504.