Our accounting and tax advisor team at Timmins & Co Chartered uses an integrated approach to tax arrangements, which includes completing your tax returns, determining liabilities, and filing your returns before the due dates.
Only a portion of your tax situation is affected by timely and accurately filed returns. We will also take into account other factors, such as whether you qualify for tax breaks and allowances, and by doing so, we will assist you maximize your tax efficiency.
For instance, if you run a sole proprietorship or partnership, we can investigate if incorporating as a limited liability company would be the best course of action for you given the tax advantages. We can also examine the most tax-effective methods of compensating you or other team members.
We can give you advice on how to make investments work for you by utilizing the tax relief if you want to grow your company or purchase new equipment to help your business advance.
Also, if your company is in the scientific and technology sector, you may be qualified for lucrative research and development tax credits, which are worth 25% of qualifying expenditure for SME’s and can significantly improve the financial health of your company.
Your tax planning will become an essential component of planning work to help your performance improvement and business success if you collaborate with our tax consultants.
We can also provide guidance and support with personal tax planning and compliance, including income tax, capital gains tax, and inheritance tax preparation, because your personal and corporate finances are intertwined.
As Chartered Tax Advisers, we deal with all facets of Revenue Audits and Tax Arrears situations in addition to compliance and planning.
Please contact our staff of knowledgeable tax advisors, who are pleasant and competent, if you need any of these services.
Please get in touch with us if you’d like more details about Timmins & Co Chartered Accountants, tax advice, and business support services.