Working closely with you to ensure you pay the minimum tax...

As Chartered 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.

Corporation Tax services

We understand the issues facing owner-managed businesses and can prepare Corporation 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 due.

The increased reporting obligations, investigation policies on the part of HMRC 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 can also assist with any Research and Development Tax Claims.

Personal tax services (including sole-traders and partnerships)

We are specialists in Income Tax, Capital Gains Tax and Inheritance Tax. We also have vast expertise in property taxation, for both personal and corporate landlords.

Self Assessment

We have the expertise and experience to take the headache out of the form filling and compliance aspect of Self Assessment for Individuals, Partnerships and Trusts.

We can complete your Tax Returns, ensure that they are submitted in a timely manner, calculate any tax liability and advise you on exactly when to make payments and how much to pay. We can also make claims for any Tax Overpayments and ensure that HMRC deal with these in the correct manner.

We can provide you with practical advice on personal tax positions and the planning opportunities available to you.

Personal tax planning

Everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position to ensure they pay the minimum amount of tax due and ensure they meet the compliance requirements.

Within the legal framework there are numerous ways of saving tax and making sure you do not pay a penny more than is absolutely necessary. We have extensive experience in this area of work and always work as hard as we can for our clients. New clients are often surprised at how much can be done to help with their tax position. We are always willing to go that extra mile to offer advice on the areas where tax can be saved.

Our specialist tax team can provide you with year-round advice on all aspects of personal taxation planning including maximising tax allowances and reliefs, etc. We also provide bespoke capital tax planning including Inheritance Tax planning and Capital Gains Tax planning.

Estate planning/Inheritance Tax Planning

Few of us like to think about dying, however with Inheritance Tax being charged at 40% on the value of your Estate (after the Nil Rate Band Allowance), it is vital that you do something 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.

We provide a comprehensive Estate and Inheritance Tax planning service that includes:

  • help with planning and reviewing a will
  • making full use of exemptions and lower tax rates on lifetime transfers
  • optimising lifetime transfers between family members
  • transferring assets into trusts

We also have expertise in providing advice on trusts; a relatively easy and very tax efficient way to set aside assets for future beneficiaries outside the inheritance tax net.

HMRC Investigations and Enquiries

Being the subject of a tax investigation or enquiry by HMRC can be a stressful and worrying experience. We have a wealth of experience in dealing with HMRC investigations, whether they are enquiries into an individual’s Tax Return, more detailed enquiries into a company’s affairs or employer-related investigations into PAYE and P11D compliance. If you are the subject of an investigation, we can provide expert help and support.

Research and Development (R&D) Tax Credits

If your company has been engaged in a project that seeks to achieve an advance in science or technology, it is carrying out R&D.

For many Small and Medium Enterprises (SMEs), advances tend to be within technology however an improvement to an existing product or process is often sufficient for a claim.

How can we help?

Should you believe that your business has or is currently working on projects which might constitute an advance in science or technology, please do discuss these projects with our team who can then advise on the potential of making a claim.

An advancement can be as simple as improving a process to overcome a problem or hurdle within the business and its day to day operations. Claims are made across a number of industries from construction to scientific or technological studies. In summary a claim can be relevant across all industries.

Assuming the project meets the criteria, our team can assist in calculating the claim and drafting the report which supplements the claim. These are submitted alongside the company’s Corporation Tax Return (CT600).

Research and Development (R&D) Factsheet

Tax protection

With the increased risk of such investigations it may be worth considering taking out our annual insurance policy to protect you and your business from unexpected costs; an investigation will undoubtedly result in additional accountancy work being undertaken. The amount of work will depend upon the complexity of the case but the cost could be substantial.

I have worked closely with Diane for many years on all aspects of my personal taxation and can say that she has done nothing but good work for me. I would not hesitate to recommend her.

Chris Grad, Ascot

I am CEO of a global consultancy business which I started 21 years ago so I understand how important service levels are to business. Diane and the team at Stiles & Co have managed my and my wife's personal accounts for the past 18 years. It is one of the reasons I sleep at night. Her work has included management of EIS investments, sales of foreign property, the buying and selling of business shares, dividends and income tax. Diane has always been very responsive to any request, extremely clear in her communications, comprehensive in that she and or the team will manage through any aspect of tax planning or advice, they speak a language I can understand and help with planning and any necessary communication with HMRC.

Stiles & co offer or should I say have provided me with a service level that many others, I am sure aspire to. I cannot recommend their services highly enough.

Steve Gates

Require more information?

If you would like more information or would like to speak to us direct then call us on 01628 665000. Or if you would prefer, ask us a question online.

Interested in our accountancy services?

Why not contact Stiles Accountants Ltd today for more information or to arrange a FREE no obligation quote.

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