Tunbridge Wells Accountants

For all your Accounting Needs!

tel: 01732 783567

email: eva@ec-bs.co.uk

 

Taxation..... 

At EcBs Accountants, our philosophy is that all clients, not just ours but other firm's clients too, should be in a position to consider the latest tax planning and wealth creation opportunities and therefore we are always willing to sit down with you and let you know what is currently available to reduce your overall tax liabilities or increase your profits.

If you are interested in keeping more of your hard-earned money and assets then our dedicated team and might just have the answer. .


Corporation Tax Services - Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your company's tax liability and assist with the calculation of any quarterly instalment payments.

The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective corporate tax planning can also result in significant improvements in your bottom line.

Self Assessment Tax Returns - We prepare self assessment tax return and appropriate computation for individual of varying income and profession all you need to do each year is provided us with the relevant information and will take you through its submission step by step.

Personal Tax Planning- Today, more and more emphasis is being put on taxpayers' individual responsibilities and everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. Our specialist tax team can provide you with year-round advice on all aspects of personal taxation.

Estate planning - Few of us like to think about dying, however the relevant legislation requires us to plan well in advance. This means making the necessary provisions now. There are many tax opportunities available and the earlier arrangements are made, the greater the chance of taking full advantage of our complicated tax system.

It is important when planning to transfer an estate that adequate provision is made and getting the right balance requires considerable skill and foresight - along with a detailed knowledge of the current tax regime. We provide a discreet comprehensive estate planning service that includes:

  • help with planning and reviewing a will
  • making full use of exemptions and lower tax rates on lifetime transfers
  • optimising lifetime transfers between family members
  • transferring agricultural or business property
  • transferring assets into trusts
  • arranging adequate life assurance to cover potential inheritance tax liabilities

We also have expertise in dealing with trusts; a relatively easy and very tax efficient way to set aside assets for future beneficiaries outside the inheritance tax net. We can advise on the most suitable type of trust to fulfil your wishes, assist in setting up the trust and provide the full range of accounting services required for trust management.

Contact us now for your free initial consultation.