Tax
We are members of the Association of Chartered Certified Accountants so you can trust us with all your tax affairs, confident in the knowledge that we are up to date with the latest legislation.
The UK Tax System is perhaps one of the most complex in the world with various rates of income tax being applied dependant upon individual circumstances. Then of course there is Corporation Tax, Inheritance Tax, Capital Gains tax not forgetting VAT to name but a few. As an Opus Accounting client we Guarantee year round contact and support. We will answer questions in plain English and advise you on all relevant aspects of the UK taxation system.
At Opus Accounting we deal with Her Majesty’s Revenue and Customs (HMRC) so you need only speak with our friendly team.
Minimising your tax liabilities
We can review your business and ascertain the direct and indirect taxes that may apply. We can look at whether you would be better off as a Sole Trader, Partnership, Limited Liability Partnership or as a Limited Company.
We can also determine from your accounts or income sources precisely how much tax is payable and when. We build up a detailed understanding of the sources of income and investments that our clients have and their plans for the future. Consequently we can help them plan their tax liabilities as far as possible under current legislation.
We can provide advice on tax efficient methods of being paid whether you own your own business or are an employee.
We can look at proposed transactions and determine the tax cost” of doing something and whether there might be another way to achieve the same result with a lower tax burden. It may be as simple as adjusting the timing of a planned transaction to take advantage of a change in legislation. There are direct and indirect taxes; allowances – personal, age related, married couples, capital and annual; reliefs in respect of certain payments made or when ceasing a sole trade; thresholds that determine when you should register for VAT etc. etc.
It literally is a full time job keeping up to speed with the complexities of the UK Tax system – that is why you need Opus Accounting; members of the Association of Chartered Certified Accountants (ACCA)
At Opus Accounting we are not just there for your annual tax return, we provide, for all our clients, year round contact and support – Guaranteed.
