We complete CT600 tax returns for Limited Companies as a matter of course alongside the preparation of annual accounts.
We will ensure you claim all tax reliefs available to you at the earliest opportunity, such as the annual investment allowance on any machinery required to run your business or carrying back any trading losses for a refund of tax paid on past profits. This means your balance sheet (the part of your accounts that shows how successful your business is on Companies House) looks good and is accurate, but you also get tax deductions as soon as possible to assist with cash flow.
Property Taxation and other Capital Gains
Whether you own properties personally or have incorporated a company that owns them while you manage the business, we can help ensure your properties are taxed and valued properly.
We can help with taxes on gifts; transfers between spouses; support solicitors dealing with inheritance tax; and ensure you get the reliefs you’re entitled to on sale and/or rental.
This is not unique to properties; if you have valuables you wish to sell and think you may make a significant profit, we can advise on the best dates to do this to ensure you make the most of your annual Capital Gains Allowance.
This is inclusive of Cryptocurrency which is quickly becoming a confusing topic for many people. If you hold Bitcoin or any other form of Cryptocurrency and are trading them for profit, we can help you determine whether you are liable to Capital Gains Tax or not.
Rules have recently changed with regard to how capital gains on property sales should be reported to HMRC. We are versed in MTDCGT and are able to assist in completing the CGT return that is now required within 30 days of sale.