Taxation Information
We offer a wide range of taxation services to sole traders, partnerships, companies and trusts. The partners are supported in this work by a number of qualified tax specialists, and by a team of experienced personnel. We deal with all aspects of the following:
- Income Tax
- Capital Gain Tax
- Corporation Tax
- Value Added Tax
- Inheritance Tax
- PAYE
- Personal Tax
- Property Taxes
If you have earnings from employment, profits from an unincorporated business, rental income, investment income or receive income from a trust then you will be liable to income tax on that income. We can complete any Tax Returns required, ensure that you are receiving all of the reliefs and deductions to which you are entitled and advise you how much to pay and when.
Have you sold or given away an asset such as shares or business premises or an investment property? We can advise you of claims and reliefs available and how to optimize these, and assist you with computing the amount of tax and reporting the gain to HM Revenue & Customs.
Is your company claiming all of the reliefs and allowances to which it is entitled? With a broad portfolio of corporate clients we can advise on tax opportunities specific to your industry, as well as guiding you through more complex areas such as corporate re-structures in the most tax efficient manner.
Whether you are already VAT registered, approaching the registration limit or if you want to find out the potential benefits to your business of voluntary registration, then we can advise you. We assist our clients both with routine VAT compliance and with specific advice on more complex or unusual transactions.
If your total worth including your home, cash & investments is more then £325,000 then potentially your Executors could pay tax at 40% on the excess, leaving less to be passed to your loved ones. Were you aware that certain gifts made in lifetime may also be liable to inheritance tax at 20%? It makes sense to ensure that your affairs are structured in such a way as to avoid unnecessary tax bills and we can help you to review your position and suggest strategies for optimizing available exemptions and reliefs.
With fully trained staff and the latest in payroll software, we can assist you with the administration of PAYE and help you to ensure that the end of year formalities such as P35's are completed and submitted with minimum disruption to your business.
VAT
Many businesses have found it difficult to keep up with the increasing complexities of VAT. Yet businesses are expected to keep up to date with new legislation and understand its application to their business.
Our team at DRE & Co has considerable experience in advising businesses and can provide advice on the legislation applying to a wide variety of transactions.
A review of the activities of the business, and of the partial exemption VAT recovery method, by our team may identify VAT savings and opportunities.
We can also provides health checks of existing arrangements, assistance with handling VAT inspections and training to staff involved in the preparation of VAT returns.
Please contact us for advice on any of the above areas, or any other matter relating to taxation.