Wood, Hicks & Co. PROVIDE A COMPLETE RANGE OF PROFESSIONAL FEES PROTECTION SERVICES
Find out more about our PROFESSIONAL FEES PROTECTON service
HM Revenue and Customs (HMRC) continue to receive substantial resources from the government to tackle tax evasion and avoidance, collecting unprecedented amounts of information for analysis to target taxpayers where HMRC considers a risk exists that the right amount of tax has not been paid.
HMRC also enquire at random, so you can be selected even if there is no hint of wrongdoing in any way. Once a taxpayer is selected for enquiry, the requests for information and supporting documentation are not only intrusive, time-consuming and tiresome to prepare for, but are also often of a technical nature.
As a result, representation by a tax professional is usually necessary such that it is quite common for tax enquiries to cost a lot to resolve. You will usually have to bear these costs whether or not HMRC finds extra tax to pay.
We offer a Tax Investigation Service in partnership with a leading insurer which protects you against the cost of representation against HMRC. This gives you peace of mind and safeguards you against unnecessary stress and additional fees.
As part of the service you will also have access to expert telephone-based advice lines on complex areas of employment law, health and safety, and legal matters in addition to a web-based toolkit for human resources. These services are provided by top law firm to ensure you are given the expert advice you require.
Corporation tax reliefs and rates change annually, so we ensure that we can provide all the right guidance and advice when looking at exemptions, allowances and deductions that may be available.
We will thoroughly review and prepare corporation tax returns in great detail in order to ensure you are compliant and that you don’t incur any penalties.
Our tax services make sure that your tax liability is calculated taking into account all allowed exemptions and deductions. We simplify the process by using accountancy software to accurately complete tax returns and calculate any tax liability that may occur, along with any payments that need to be made.
Capital gains tax
You may be looking at investments, a second property or another asset and our team can make sure you maximise your exemptions while simplifying the difficult area of capital gains tax.
Personal tax planning
Wood, Hicks & Co can help with the complex issue of personal tax, we know it can be difficult to understand, which is why we help every step of the way. We take away the time and stress by creating a tax planning strategy that suits your tax affairs, helping ensure you pay the least amount of tax. Our team will advise when payments are due along with what forms need to be filed and returned to keep you compliant.