Taxation Services
Taxation
We provide a full range of taxation advice which is unique to the client.
Corporate Taxation
Companies are required to file annual corporate tax returns, and pay the requisite amount of tax on time. RAL can assist companies by preparing the computation from the information provided, completing and submitting the CT600 corporation tax returns and the filing of IXBRL accounts which is HMRC compliant. We can offer advice in respect of companies which have associated companies and are part of a group, ensuring where necessary a group election is made for tax.
Partnership taxation including Limited /Liability Partnerships (LLP's)
Taxation matters relating to partnerships and LLP's can be complex. We can advise on all aspects of partnership taxation and ensure relevant tax computations and returns are filed on time.
Personal taxation
Tax payers who have capital gains in the year or are directors of limited companies, will generally be required to file a self assessment tax return to include salary, dividends interest capital gains and share options etc. RAL has experience in preparing a broad spectrum of personal tax returns, including those who have more complex foreign income or residency issues.
Capital Gains Taxation (CGT)
This tax applies to individuals, partnerships, and companies, and represents the gains made on an increase in value of assets owned ant then sold. There are a number of exemptions and reliefs available, and as such RAL can provide assistance in planning and calculating CGT.
Inheritance tax (IHT)
IHT affects more people every year, and there are a number of ways to help mitigate this tax by careful planning and the allocation of assets where appropriate.
HMRC enquiries
At some point in time most businesses and tax payers will be subject to a taxation enquiry from HMRC. It is important that your business has proper advice on compliance and tax planning. RAL has experience in dealing with such investigations to ensure that they are completed and closed with the minimal amount of disruption and taxation being charged.
Tax compliance and planning
As you can see from the above summaries there is a vast amount of compliance required to deal with tax affairs effectively and in a timely manner. 2018 sees the introduction of quarterly accounting for our clients, which will put increased pressure on businesses to keep their records more up to date than ever before.
