Tax and Business Planning
The tax systems of the UK present complex compliance and planning challenges to both individuals and corporate organisations.
Irrespective of you being a high net worth individual, sole trader, limited liability partnership or limited company the tax that you pay can create a significant burden.
In today’s environment the use of legitimate tax planning to reduce your obligation and ensure you are paying the least amount of tax possible can provide a significant advantage.
We at Kaxton are able to advise on a wide range of aspects of taxation for individuals and owner managed businesses that include income tax or corporation tax mitigation, capital gains tax planning, non-residence status and inheritance tax planning as well as various other areas.
Kaxton can help to identify opportunities that exist from basic advice such as ensuring that all tax reliefs are claimed through to more complex areas involving tax planning.
Personal Tax
Tax systems in the United Kingdom are complex and constantly changing. It is therefore important to ensure you have the best advice to efficiently and effectively manage your business and personal tax affairs.
Income tax is exactly as it states ‘a tax on your income’. However not all income is taxable and even then you are only taxed when you earn above specific levels.
We have the knowledge and expertees to offer informed advice in all areas of personal taxation.
Services include:
Corporate Tax
With the wealth of practical tax knowledge gained within commercial organisations, we provide practical, effective business tax advice and corporate tax compliance services to companies and businesses.
At Kaxton, we do not view tax as a discipline independent of the rest of your organisation but as an integral and complementary part of the organisation and we work with all aspects of the organisation to ensure the optimal result for you.
We understand corporate drivers within organisations and understand that tax is just a part of the wider picture and therefore do not lose sight of what the organisation really needs.
Services include:
Value Added Tax (VAT)
Complying with the VAT regime is not easy and it bristles with penalty provisions designed to encourage ‘good behaviour’. Once a business is caught up in the penalty regime, things can quickly spiral out of control.
VAT affects the day to day operations of a business more than any other tax and can easily give rise to additional unforeseen costs and can have a massive impact on the cash flow of a business.
At Kaxton, we help our clients avoid these penalties and ensure the smooth operation of VAT within their business.
Services include:
Tax Efficient Giving to Charity
There are a number of tax efficient ways to give to charity as an individual, sole traders and partnerships. You as the donor might be able to claim some tax back using these methods provided the body is recognised as a charity for tax purposes by HM Revenue and Customs.
If your donations are under the Gift Aid scheme, your chosen charity can also claim tax back from the government.
Donations of money made to a charity by a company are deductible from the total profits of your business when calculating Corporation Tax.
Services include:
TAX PLANNING
At Kaxton Advisory, we believe planning is the key to success. With the ever-changing legislation and complex tax regime, individuals need professional advice and support to optimise their tax position alongside meeting and understanding the compliance requirements.
We have experts, who will provide you with year round tax advice on:
Every penny of income tax you save means more income at your disposal, every well planned disposal of assets means minimal loss of capital gains, and every inheritance tax saving means more benefit for your beneficiaries. We invite you to take full advantage of the tax saving opportunities open to you at Kaxton Advisory.