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Tax planning

Tax planning and specialist taxation is an area where a professional firm can help the established or new start business from the beginning. Individual and corporate finance planning needs to be monitored closely and adjusted yearly, or sometimes more frequently depending on the changes in budgets etc.

At Acumen, our team of tax professionals take a proactive approach and are ready to help you with the most appropriate advice in the increasingly complex world of taxation.

We can offer individuals help in using their allowances to the maximum, restructuring income streams to their best potential and by using all available tax reliefs. Our aim is for our clients not to pay more to HMRC than they have to.

We have extensive knowledge of Enterprise Investment Schemes (EIS) and Venture Capital Trusts (VCT’s) resulting in income tax and Capital Gains Tax (CGT) relief for individuals investing in small companies. We offer detailed knowledge of entrepreneur’s relief, gift relief and hold-over relief.

We provide IHT planning solutions, using BPR and APR reliefs and annual exemptions and advice on gifts with reservations. We are also familiar with the use of trusts as part of IHT planning and additionally provide tax services for trusts.

Personal tax

Personal tax is more than simply preparing a self-assessment tax return, it also involves checking HMRC codes and statements of account so that we are able to keep your tax affairs completely up to date.

We are registered with HMRC’s online services to file your tax return via the internet. This also gives us access to other information held by HMRC including payments made on account and what remains to be paid.

Personal tax services we offer include:

  • Capital Gains Tax planning
  • Non residency
  • Rented property
  • Self employed
  • HMRC enquiries
  • Tax fee insurance

Corporate tax

Company owners are well aware of the many administrative and bureaucratic hurdles they have to overcome, not least of which is the tax compliance burden. Let our team of well trained corporate tax specialists let you concentrate on running your business, safe in the knowledge that your tax affairs are in safe hands.

Corporate tax services we offer include:

  • PAYE returns
  • P11D forms
  • VAT returns
  • HMRC enquiries
  • Tax fee protection insurance