Enfield  0208 804 0478

Woking  01483 797901

Taxation Services

Personal and corporation tax is constantly changing due to statute and case law. W Accountancy Limited offer a comprehensive up to date taxation service beyond just compliance. Our objective, as tax advisors, is to work closely with our clients to assist them in understanding the tax implications of their actions and conduct their financial affairs in a tax efficient way.

Corporation Tax Services

Corporation tax mainly applies to limited companies and the business owners are responsible for calculating the corporation tax due under Corporate Self Assessment (CTSA).

We will assist with the preparation of tax returns and the calculation of your company’s tax liability.  Similar to personal self assessment the tax authorities have automatic penalties for non-compliance and can instigate investigations into the company’s tax affairs.  Consequently, our assistance to ensure compliance and effective corporate tax planning can result in significant improvements to the company’s retained profit.

Personal Tax Services

Personal taxation applies to individuals, sole traders and partnerships.

W Accountancy Limited offer a full compliance and advisory service for all personal taxes

·   Income tax

·   Capital gains tax

·   Inheritance tax

Self assessment

This applies to income tax and capital gains tax and is fully computerised in our offices to enable us to complete tax returns, calculate any tax liability and advise you how much to pay and when.

We will not only assist you with the compliance requirements of self assessment but can provide practical advice and planning opportunities on your personal tax affairs.

Inheritance tax

Each year more people are subject to inheritance tax as property values increase at a greater rate than the inheritance tax threshold.  Consequently, it is vital to ensure that full advantage is taken of all the reliefs available.  W Accountancy Limited can advise you on these reliefs and assist with proactive planning to mitigate potential inheritance tax.  We recommend that early thought is given to inheritance tax planning to ensure that full advantage is taken of exemptions and reliefs.

VAT and PAYE

Both of these are subject to ever changing regulations and demands from H. M. Revenue & Customs which means compliance can be a difficult process.  To assist with these complex areas W accountancy Limited can provide an efficient, cost effective service which includes:

·   Registering your business for VAT and PAYE

·   Advice on VAT and PAYE planning and administration

·   Completion of VAT and PAYE returns

·   Planning to minimise future probelm areas with H. M. Revenue & Customs

·   Review of your VAT and PAYE records to identify errors and potential

problems at H. M. Revenue & Customs VAT and PAYE audit inspections.

·   Negotiating with H. M. Revenue & Customs in disputes

Inland Revenue Investigations

H. M. Revenue & Customs staff under personal and corporate self assessment can now investigate cases on a ‘sample basis’, thus, making your chance of being investigated more likely.  W Accountancy Limited with our knowledge and experience in dealing with Revenue investigations can assist you whether the enquiry is into your personal or corporate self assessment returns or with more detailed enquiries into employer related investigations into PAYE and P11D compliance.

We realise than any H. M. Revenue & Customs investigation is a stressful and worrying experience so let us assist by providing expert help and support.

Tax Protection

W Accountancy Limited provide a tax protection service on an annual basis related to the work completed by us.  Consequently, for a payment of a small fee, capped at £355.00 plus VAT, you need not worry about the costs of extra fees up to £10,000 (subject to conditions) for the additional accountancy and taxation work which is necessitated by the investigation.  We will be pleased to provide full details of our above scheme, the costs of which constitutes a business expense and are subject to tax relief!