Corporate Tax
There is an increasing change in responsibility from the Inland Revenue to corporate tax-payers. The need to deal with routine compliance tax work in a proper and timely fashion is therefore essential. Hewitts deal with the tax submissions to the Inland Revenue with a view to agreeing liabilities and negotiating with the Inland Revenue on clients' behalf and can advise on compliance with all other tax matters arising throughout the year.
In addition, companies have onerous responsibilities in such matters as PAYE compliance, year end returns of benefits in kind. Hewitts can assist your company in all these areas
Personal Tax
Self Assessment is a another example of the shift in responsibility and workload to the individual tax-payer.
The completion of Self Assessment tax returns is the first step in a process, which will result in individuals standing the consequences of incorrect information or late returns.
Hewitts uses the most up to date computerised personal tax software which will in the future utilise the benefits of electronic lodgement of tax returns with the Inland Revenue.
Richard Winterman in our tax department, is available to deal with compliance matters and the partners and senior staff are always available.
Tax Planning
Tax is a fact of life, but the tragedy would be to pay more than is necessary.
Tax planning is essential to every individual and every business, to ensure that all tax mitigation steps have been taken, whatever your circumstances.
This is especially important where significant decisions are being taken, for example:
Buying and selling investments
Contributions to pension schemes
Obtaining finance
Planning for retirement
Acquiring property
Getting money out of your business
Buying or selling a business
Expanding your business
Remuneration packages for employees
With the complexity of the tax rules, it is important to take taxation advice to ensure that the optimum tax position has been considered before any major transactions occur. It is especially important to consider the interactions of the various taxes, for example capital gains tax and inheritance tax and to make certain that potential solutions do not conflict.
Our staff have the wide range of knowledge and experience. We will work with you and your business, using our in-depth understanding of your affairs to compile a comprehensive approach to minimise your tax liabilities
Payroll, PAYE and NIC
Our payroll bureau can assist you with all you requirements from processing your payroll and ensuring all statutory requirements are met under the PAYE and Department of Social Security regulations, to dealing with the enquiries and investigations into your PAYE and NI procedures.
We will provide a payroll service in which our experienced staff use the latest software to provide a personal, confidential and cost-effective service, tailored to suit your needs.
We will help and advise you on how to deal with PAYE and NI in your own business. This may be by ensuring you make the correct returns within the stated deadlines, or by assisting you with specific queries about P11Ds, maternity pay, termination payments etc.
Our taxation specialists also have extensive knowledge of Inland Revenue PAYE and National Insurance audits and their resultant enquiries and investigations.