Tax Specialists & Chartered Tax Advisors Cornwall
The combined knowledge, expertise, and experience of our tax specialists & chartered tax advisors ensure unparalleled advice and support. Furthermore, we prioritise close collaboration with clients, ensuring they stay fully informed of legislative changes, tax relief opportunities, and industry developments.
Moreover, our specialist tax consultant team, led by dedicated Tax Partner Steve Maggs, stands out as one of the strongest in-house team of tax specialists & chartered tax advisors in Cornwall. This allows us to offer comprehensive advice on a wide range of compliance and advisory issues, from tax return preparation to guidance on complex corporate structures and strategic tax planning.
Moreover, our tax team in Cornwall is adept at reducing your business’s tax burden and optimising your tax strategy. We provide support in navigating the complexities of the modern tax system, ensuring your financial affairs are managed effectively and efficiently, and your business remains compliant with all tax regulations and obligations.
Personal Tax Accountants
We prepare personal self assessment tax returns for many of
our clients ranging from retired people with modest means, to wealthy private clients with a number of different business and investment interests.
In addition to preparing your personal tax return for you, we can also offer help and advice on minimising your personal tax liabilities and on planning for your future.
Inheritance Tax Accountants
Even if you have already taken advice about Inheritance Tax and have the appropriate arrangements in place, if this was done more than two or three years ago it is quite possible that subsequent legislation has meant that the advice and therefore the planning is now out of date. It is wise to review one’s Inheritance Tax arrangements on a regular basis.Property Tax Accountants
We specialise in property tax and can offer advice on tax for both landlords and property developers, whether individuals, partnerships or corporate entities.
We can offer advice on capital gains tax, capital allowances for commercial property and furnished holiday accommodation, Stamp Duty Land Tax and all other aspects of property tax.Business Tax Accountants
We regard the preparation of your business
accounts as an opportunity for a discussion with you on your business’ performance and any areas that need attention, and we are able to offer top quality tax planning advice to ensure that your business is structured correctly and making the most of any available reliefs to retain its profits.
We can also help with the various tax compliance requirements imposed on businesses today, including VAT, PAYE, the Construction Industry Scheme, and the National Minimum Wage.
VAT Accountants
VAT is a particularly complicated area of taxation which contains many pitfalls for unsuspecting taxpayers. However, with careful advice and planning up front, the VAT burden can often be minimised or avoided.
We offer a range of VAT services for businesses and charities, including advising on all aspects of VAT, staff training, registration and deregistration, overseeing land and property transactions and attending HMRC compliance visits.Fee Protection
If you receive notice that HMRC intends to look into any aspect of your financial affairs, the first thing you should do is contact us. We will communicate with HMRC on your behalf and do whatever is necessary to ensure that the outcome is as favourable to you as possible. However, even if the result is that no extra tax is payable, there will be professional costs to pay and, in some cases, these can be substantial. Having fee protection in place acts like insurance and ensures that you are protected from these costs.Tax Consultancy
Our Tax Team offers tax advice to a number of local firms of accountants and solicitors. We can offer our specialised knowledge and experience to deal with tax matters affecting their clients, whether as part of a full tax planning exercise, or as a quick response to a one-off question on tax.
Solicitors value the opportunity to tap into our expertise on SDLT, capital allowance on buildings, CGT, VAT and Inheritance Tax, as well as taking our advice on the tax implications of proposed transactions or settlements of disputes. We are often asked to prepare the accounts for estates they are administering.
Accountants may use our services for general tax planning advice, and also to assist with the tax aspects of significant transactions such as buying or selling a business or passing it on to the next generation.Tax Planning
It is important to distinguish between the legitimate use of the tax legislation to ensure that the minimum amount of tax is paid, and tax avoidance which seeks to exploit weaknesses or perceived “loopholes” in the legislation in order to bring about a result which HM Revenue & Customs would certainly describe as “abusive”.
Tax planning consists of avoiding pitfalls rather than wriggling through loopholes. There are many situations where the desired objective (business or personal) can be achieved by more than one route, but the amount of tax payable differs widely according to which route is taken. We can guide you onto the best path.