Overview

Taxation in the 21st century is complex. It can therefore be a real challenge for individuals and businesses simply to comply with all the requirements, let alone plan successfully for the present and the future. WHA are able to assist with a wide range of taxation services including:-

  • Personal and partnership tax
  • Corporate tax
  • VAT, including TOMS
  • Capital Gains Tax
  • Research and development
  • Employee share option schemes
  • Tonnage Tax

 

For further information on each of these areas of taxation please scroll down for the relevant section.

Personal & Partnership Tax

We provide a full range of services for individuals and partnerships including:-

  • Preparation of self-assessment tax returns
  • Dealing with HMRC enquiries
  • Bookkeeping advice, including the use of online cloud accounting software and compliance with ‘Making Tax Digital’ (“MTD”)
  • Personal investor advice using the Enterprise Investment Scheme (EIS) and the Seed Enterprise Investment Scheme (SEIS)
  • General business advice

Corporate Tax

As well as providing advice on all corporate and compliance matters, we also offer the following services:-

  • Preparation of full statutory and abbreviated Financial Statements
  • Preparation of company tax returns and Corporation Tax computations
  • Bookkeeping advice, including the use of online cloud accounting software and compliance with Making Tax Digital’ (“MTD”)
  • Dealing with HMRC Enquiries
  • Initial planning advice as to the set-up of a tax efficient remuneration structure
  • Capital allowances planning

VAT

VAT is a vast area of tax, which is ever-changing. HMRC also levy sizeable penalties if administration and submissions are incorrect. It is vital that your business is up to date with the latest VAT legislation and we can help you to manage and mitigate your VAT liabilities.

  • Preparation of VAT Returns
  • Initial VAT Registration
  • An overview of your current VAT compliance and policies with pro-active advice going forward, particularly with ‘Making tax Digital’ (“MTD”) in mind
  • TOMS Specialisation for the Travel Industry

Capital Gains Tax

Capital Gains Tax (CGT) is a tax on the profit or gain you make when you sell or dispose of an asset. However, with good planning and use of statutory reliefs available, a CGT liability can often be greatly reduced. We are able to provide advice on all matters relating to CGT, including:-

  • Property transactions
  • Share transactions
  • Gifts of assets
  • Use of available reliefs such as Entrepreneurs Relief, Business Asset Roll-Over Relief, Incorporation Relief and Gifts Hold-Over Relief

Employee Share Option Schemes

Having the right staff is vital for any business and incentivising them through share ownership is an excellent way of ensuring their loyalty and longevity of service. There are taxation implications that need to be considered though and there are a number of different share option schemes available. These include:-

Enterprise Management Incentives (EMI)

Company Share Option Plan (CSOP)

Save As You Earn scheme (SAYE)

It is therefore very important to select the most appropriate one for your business and we can assist with this and with ensuring full compliance with the schemes.

Research and Development

Research and Development (R & D) relief is a Corporation Tax relief that may reduce your company’s tax bill.

It is designed to incentivise projects which seek to “achieve an advance in overall knowledge or capability in a field of science or technology through the resolution of scientific or technological uncertainty”. However, the definitions of this are broader than might first be imagined and many companies, specifically travel companies, will have system developments or other expenditure that will qualify.

Our dedicated R&D team can assist with all aspects of an R & D claim, from the initial assessment of a project right through to the submission of a claim.

Interested? Get in touch

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