Taxation

 

Our tax expertise and experience is a real strength at Sagars.

 

In 2010, we feel justified in putting modesty aside and being extremely proud that we won THREE prestigious national tax awards.  Beating off tough competition from Big 4 and national firms, we won Accountancy Age's Tax Team of the Year Award;  we won the Society of Trusts & Estates Practitioners Accountancy Team of the Year Award;  and we triumphed as winners of Taxation Magazine's Best General Tax Practice Award (having previously won in 2007 too). 

 

To top it all, the Chartered Institute of Taxation was so impressed, that they decided to present our tax partner, Kate Naylor with a special award to recognise Sagars' unprecedented achievement.

 

We act as tax technical adviser to a national network of other accountancy firms. This appointment is a testament to our current expertise and, importantly, it’s a great way to ensure that we continue to encounter an extensive range of different tax problems and situations which we can draw on to the benefit of our own clients.

What this means for you is that, by choosing Sagars ahead of (say) a nationally known name, you benefit from a similarly high and wide ranging level of technical knowledge whilst also enjoying a truly personal service ...and probably getting much better value for money.

We have dedicated specialists in the following areas:

• corporate and partnership tax
• personal tax
• VAT and payroll taxes.

Contact Kate Naylor on 0113 297 6825 or k.naylor@sagars.co.uk for more information.

 

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Corporate and partnership tax

Specific tax issues you might want us to review with you include:

• deciding on the most appropriate structure for your business (sole trader, LLP, company for example)
• tax efficient restructuring of your business interests
• retirement or exit planning
• share option schemes
• making the most of tax reliefs which might be available to your business
• tax efficient ways of remunerating partners and employees.
  

You can rely on us to help you with all aspects of business tax compliance, such as:

• preparing unincorporated business accounts to complete a tax return
• preparing corporation tax returns
• advising on payment due dates and how much to pay
• dealing with general HM Revenue & Customs (HMRC) matters
• advising you if you’re selected for an HMRC investigation.
  

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Personal tax

Most people want to minimise the amount of tax they pay and to remove the worry and hassle of dealing with their own taxation affairs. We help many people to do just that.

The personal taxation regime is extremely complex and with the continual changes to both capital and income taxes, it’s vitally important to know both how much you have to pay and when to pay it. We make sure that the advice you receive takes into account the full picture of your particular circumstances – your business and investment interests, any overseas activities, your family and your future plans.

In contrast to the dry, stuffy image of tax specialists which most people hold, our team are anything but (so our clients tell us!) We work closely with colleagues who look after our clients’ businesses to ensure the all-important exchange of information and ideas which means we take everything into account and you get the very best advice.

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VAT & payroll taxes

VAT & payroll taxes can be complex areas and it’s all too easy to fall foul of the legislation and face interest and penalty charges as a result.

For VAT and /or payroll taxes, you can take advantage of our fixed fee health checks (involving a review of your records, systems and overall indirect tax position) to alert you to problem areas and recommend improvements to your approach.

Our payroll team can help with all aspects of regular PAYE administration (and of course we can run your entire payroll for you too).

Our VAT specialists, headed by an ex- senior officer from HMRC, don’t simply know the law, they know how HMRC will look to apply it. VAT on the face of it is very simple – but in practice VAT is incredibly complex and it’s all too easy to fall foul of the rules.

Another potential pitfall is that VAT is a “transactional tax” – if you miss the opportunity to plan for the VAT consequences of a transaction before you actually do it, it may be too late.

We can advise and support you whether you’ve got a straightforward question about how you should be accounting for VAT, you’re looking for advice about VAT planning in a complex transaction, or you’re facing a VAT enquiry or investigation.

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