Managing and Minimising Tax

Employing some of the best tax minds in the UK we have become one of the leading tax planning firms in London. We specialise in advising personal clients and owner-managed businesses to minimize their tax liabilities and have developed our services to give you more choices in tax planning, whatever your circumstances. Wilder Coe tax experts lead the delivery of our tax services, ensuring that you benefit from the focus afforded by a single, senior point of contact. Tax planning is always linked to your business goals and financial planning objectives and you can be assured of a holistic approach to tax at all times.

• Corporate Tax
  
  We have a range of services to help you cope with increasingly complex Corporate Tax legislation.
  
  Our services include the following:
  
  Corporation Tax compliance which includes the preparation of the Corporate Tax self assessment returns, calculation of liabilities, corresponding with the Inland Revenue and agreeing computations, and preparation of claims and elections where appropriate to minimise tax liabilities.
  
  We also provide advice and compliance services for VAT
  
  If you wish to know more about our tax service or would like to arrange a free initial meeting in order to discuss how we can help you in more detail please contact us.

  IR35 Contract Review Service

  Our team provides expert opinions on the self-employed status of an existing or proposed contract. Our clients range from individual one man contractors and agencies to professional advisors who require a second opinion. We are also able to assist in dealing with status enquiries from HMRC.

  
  

• Partnership Tax
  
  We provide a range of services for Partnerships including compliance, commencement and cessation (including, admission of new partners and partner cessations), financing, conversion to Limited Liability Partnerships, and capital gains tax implications of asset disposals.
  
  We will also deal with all enquiries from the Inland Revenue and ensure that all compliance obligations are met. We can also provide help and planning on VAT compliance matters.
  
  If you wish to know more about our tax service or would like to arrange a free initial meeting in order to discuss how we can help you in more detail please contact us.
• Tax Investigations
  
  We are specialists in dealing with Inland Revenue Aspect Enquiries, full tax Investigations and Special Compliance Office Investigations. Our team consists of chartered accountants who have worked on investigation assignments for many years. Our expertise in previous cases has often resulted in taxpayers bearing no additional tax at all. Where tax has been underpaid we frequently manage to negotiate low penalties and overall settlement figures.
  
  We provide the highest standards of professionalism in terms of both advice and expertise in handling The Revenue's involvement into your affairs. We can manage the investigation in full, liaising with the Revenue and preparing all disclosures required, conducting all negotiations over tax, penalties, interest and settlement terms with the Inspector.
  
  Provided there has been no fraud by the taxpayer and they have taken up our Tax Enquiry Insurance, our fees for dealing with the enquiry are paid for by insurers.
  
  For help with any Inland Revenue enquiry click here to contact us.
• VAT
  
  Value Added Tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT. In addition the complexity means that valuable in house resources could be deployed elsewhere in the business.
  
  The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay more VAT than you need to.
  
  We can provide you with a cost effective VAT service, which includes:

  • Preparation of VAT Returns.
  • Assistance with VAT registration.
  • Advice on VAT planning and administration.
  • Use of the most appropriate scheme.
  • VAT control and reconciliation.
  • Day to day advice on matters as they arise.

  
  If you wish to know more about our VAT service or would like to arrange a free initial meeting in order to discuss how we can help you in more detail please contact us.
• Employment Tax
  
  As the legislation governing PAYE and NIC becomes more complex, it is possible that errors or omissions are made which could lead to further enquiries from other Revenue Departments or a full PAYE investigation. All errors discovered on PAYE Audit and Compliance visits are reported to the Inspector dealing with the taxation affairs of your business and that Inspector has the legislative authority to launch a full investigation into your own and your business tax affairs.
  
  Our payroll services can accommodate all your payroll requirements, ensuring that your PAYE is always accurate. We will also prepare your end of year Returns and make certain that you meet all your compliance obligations.
  
  P11Ds and P11D(B)
  
  As part of our Payroll Services we can undertake the preparation of forms P11Ds and form P11D(B) and calculate the Class 1a liabilities and submit these to the Inland Revenue within the statutory time limits.
  
  We can also provide advice as to pay packages involving benefits in kind to minimise tax and NIC wherever possible.
  
  PAYE and NIC Health Check
  
  It may be that you are satisfied with your current in house payroll department but are you sure that you are meeting all your compliance obligations.
  
  We can conduct an in depth PAYE and NIC health check.
  
  The advantages are;
  
  Potential problem areas can be discussed and resolved prior to the conduct by the Inland Revenue of PAYE audits or compliance reviews.
  
  Areas of ambiguity in relation to the correct treatment for tax and NIC purposes can be resolved by discussion or negotiation with the Revenue.
  
  Where any major problems are discovered involving compliance errors, early voluntary disclosure to the Revenue can lead to a more favourable financial settlement.
  
  A health check report will assist in identifying errors or omissions and ensure that any improvements to compliance can be made before the Inland Revenue discover such errors or omissions themselves on a PAYE audit or Compliance review.
  
  If you wish to know more about our PAYE service or would like to arrange a free initial meeting in order to discuss how we can help you in more detail please contact us.
• Personal Tax
  

The inception of self assessment for individuals and partnerships has brought increased burdens on all taxpayers as it is now your legal obligation to meet the deadlines imposed by the legislation and avoid unnecessary fines and interest charges.

We are highly experienced professionals in this field and we can help you to meet all of your tax obligations whether you are a private client, a sole trader, a partnership or a Company Director.

Our range of services includes the following;

The preparation of personal, partnership and trust returns together with tax computations and corresponding with the Revenue and dealing with any enquiries under the self assessment legislation

• Tax efficient remuneration planning.
• Planning advice on disposal of chargeable assets to maximise Taper relief and utilisation of roll over and hold over reliefs.
• Planning advice in respect of tax savings schemes, e.g. Enterprise Investment schemes etc.
• Pension planning.
• Inheritance tax advice.
• Advising sole traders and partnerships on their business structures and planning incorporation if it is tax advantageous.
• Stamp Duty and Stamp Duty Land tax.
If you wish to know more about our tax service or would like to arrange a free initial meeting in order to discuss how we can help you in more detail please contact us.
• Wealth Management

Inheritance Tax Planning

With the huge increase in property values this is an area which could give rise to unexpected liabilities for the unwary. We can provide expert planning advice on the mitigation of potential inheritance tax liabilities.

We aim to produce an effective plan which both meets your requirements and tax savings.

The matters which will be considered in planning effective inheritance tax savings are:

• The use of trusts where appropriate
• Examination of private limited company share structures to ascertain the advantages of any share reorganisation
• Planning in respect of the family home
• Ensuring the wills are tax efficient
• Consideration of lifetime gifts
• Ensuring that all pitfalls are avoided e.g. Gift with Reservation of benefits
If you wish to know more about our Inheritance tax planning service or would like to arrange a free initial meeting in order to discuss how we can help you in more detail please contact us.

Trusts and Estates

In helping you to plan for Inheritance tax minimisation it may be beneficial to consider your Estate and Trusts.

Trusts enable assets to be given away whilst still retaining some control over them. Income can be paid to different persons with the capital ultimately going to other persons.

The main types of trusts which are used for tax planning purposes are the following;

Interest in Possession Trusts; this type is one in which one or more of the beneficiaries has a right to receive the trust income or has the use and enjoyment of the trust fund.

Discretionary Trust. This type is one where the payment of any trust income is at the discretion of the trustees.

Accumulation and Maintenance Trust. This type is a suitable vehicle where the beneficiaries are under the age of 25.

We can review your existing trusts with a view to ascertaining their current tax efficiency.

We will review your circumstances and advise on the most efficient kind of trust to meet your requirements. We will examine draft trust deeds to ensure that they achieve your needs and will result in the most beneficial tax advantages for you.

If you wish to know more about our Trusts and Estates service or would like to arrange a free initial meeting in order to discuss how we can help you in more detail please contact us.
• Company Cars