Not only is each individual tax complicated but the interaction of the various taxes imposed on businesses means that mistakes can be costly either in penalties for non compliance or unnecessary tax liabilities which may have been avoided with the right advice.
The objective of tax planning is simple – to comply with the law and pay as little tax as possible. This seems easy enough but in practice it is very complicated and requires specialist advice.
Tax implications change annually and change with your personal and business circumstances. At Phillips we develop strong and personal relationships with our clients so that we understand your personal and financial circumstances and are therefore able to offer informed advice and explore any opportunities to effect tax savings to you, your family or your business.
We can advise you on the following areas of taxation:
Income Tax and Self Assessment
Capital Gains Tax
- PAYE and NI
Tax gap climbs to 6.8%
Accountancy Age THE TAX GAP rose to 6.8% of total tax due in 2012/13, falling to £34bn in value,...
I have been very impressed with Phillips accountants. We are a new business and they have given us very sound advice and have been a great help.