Accountacy Services in Gloucestershire

lee@lnhms.co.uk 01452 764 018

Taxation Services

Personal Tax (Self-Assessment)

All aspects of self-assessment tax return services can be provided to both business owners and private individuals. There are a number of potential penalties that HMRC can impose if returns are not completed correctly and on time. These services include:

  • Preparation and filing of tax returns with HMRC;
  • Calculation of tax liabilities;
  • Dealing with tax enquiries and tax disputes;
  • Corresponding with HMRC;
  • Future tax planning.

Corporation & Partnership Tax

Like self-assessment tax return services, we can provide partnership and corporation tax services to partnerships and limited companies respectively. These services include:

  • Preparation and filing of tax returns with HMRC;
  • Calculation of tax liabilities;
  • Dealing with tax enquiries and tax disputes;
  • Corresponding with HMRC;
  • Future tax planning.

Property Tax

Property tax can be extremely complex and has had a number of legislation changes in recent years. We can help advise on a number of property tax issues including:

  • Considerations for using a limited company;
  • Tax reduction tips and strategies for rental profits;
  • Helping to determine the differences between a tax-deductible repair and non-deductible capital;
  • Capital gains considerations, advice and calculations – second homes and principal private residence election, rollover, tax planning, etc;
  • Stamp duty planning and considerations;
  • Considerations for VAT in property deals.

Inheritance Tax

Inheritance tax has long been a frustration for many individuals unhappy with paying tax again on accumulated wealth that they’ve already previously paid tax on. Inheritance tax planning can help minimise such tax liabilities.

We can help advise on:

  • Nil rate bands – how much are they and how do they work? Is there any estate planning that can be done to help maximise these bands?
  • Tax planning on family homes, family businesses and investment portfolios;
  • Lifetime transfers;
  • Inheritance tax considerations for your will.