At Raw, we keep you tax efficient, by actively managing your tax affairs so you never pay more tax than you should.
We do this by deploying a proven tax strategy that utilises the reliefs and tax incentives that HMRC legitimately provide throughout different tax departments for businesses exactly like yours.
This specialist business tax advice keeps our clients in a healthy tax position where they never pay more than they need to, or less than they should.
And we’re so confident that our specialist advice will find some savings in your business that at the end of each year we provide all our clients with a tax saving summary, showing you what we’ve saved you this year and whether the benefit will be one-off or ongoing. Read more below about the various tax obligations you and your business should expect.
Book your free consultation call with our chartered online accountants today.
All Limited companies are required to file a corporation tax return within 12 months of the end of the accounting period. This tax return is based on the accounts prepared for that same period. Companies must pay their corporation tax bill within 9 months of the end of the accounting period. The eagle eyed amongst you will see that can cause a problem – you need to have paid your bill before you need to file the return!
Thankfully, we typically prepare accounts and tax returns within a month or two of the year end, meaning you’ll always know what needs to be paid. When preparing the corporate tax return we’ll review your tax liabilities, identify any opportunities to legitimately reduce these (to keep you efficient) and advise you what to pay. We’ll also prepare your corporation tax returns, review your tax provisions and resolve any issues with HMRC, or if you work globally, other overseas tax authorities.
As standard, we’ll keep a tally of the tax we’ve saved you each year and tell you whether your saving will be one-off or annual.
When did you last consider your remuneration strategy – i.e. how your business pays you for the work you do. Not sure? Do you know if your current accountant or Senior Accounting Officer looks at this and how often?
The good news is that all our packages include annual remuneration strategy planning for business owners and private clients. This looks at the most efficient extraction of profits as salary or dividends or a combination of the two. This is one of the most important ways to keep you tax efficient by ensuring you only pay relevant taxes.
If you are a Director of a limited company, or other business structure that is classed as a separate legal entity, then the likelihood is that you will need to file a personal tax return. For some Directors, personal tax returns are straight forward with their income just comprising these salary and dividends. Others may have investments, like rental properties, earnings from shares or interest from savings.
Our team can assist in preparing your self-assessment tax return, ensuring this is filed with HMRC by 31 January following the end of the tax year and advising you of payments. We’ll also support your business strategy by providing suggestions and ideas of how to reduce your tax liability, like increasing contributions to a pension scheme, moving investments into ISAs or investing in tax efficient approved schemes like the Enterprise Investment Scheme (EIS). Plus, in line with the latest government regulations we’ll ensure your business is fully Making Tax Digital compliant.
When did you last consider your remuneration strategy – i.e. how your business pays you for the work you do. Not sure? Do you know if your current accountant looks at this and how often? The good news is that all our packages include annual remuneration strategy planning for business owners. This looks at the most efficient extraction of profits as salary or dividends or a combination of the two. This is one of the most important ways to keep you tax efficient.
If you are a Director of a limited company, then the likelihood is that you will need to file a personal tax return. For some Directors, personal tax returns are straight forward with their income just comprising these salary and dividends. Others may have investments, like rental properties, earnings from shares or interest from savings. Our team can assist in preparing your self-assessment tax return, ensuring this is filed with HMRC by 31 January following the end of the tax year and advising you of payments. We’ll also provide suggestions and ideas of how to reduce your tax liability, like increasing contributions to a pension scheme, moving investments into ISAs or investing in tax efficient approved schemes like the Enterprise Investment Scheme (EIS).
