Tax Planning and Compliance

Corporation tax represents a significant portion of your trading costs. The increased reporting obligations, robust investigation policies, and harsher penalties for non-compliance can demand significant administrative resources.

FFC offers services to help minimise corporate tax exposure and reduce administrative burden, including:

• Determining the most tax-effective structure for your business
• Taking full advantage of tax opportunities and reliefs
• Achieving optimum capital or revenue tax treatment
• Reducing tax on disposals and maximising relief on acquisitions
• Leveraging tax opportunities specific to your industry
• Meeting compliance demands including corporation tax self-assessment
• Acting on your behalf in discussions with tax authorities
• Efficient corporate tax planning to improve your bottom line

If you are one of millions of people who complete a self-assessment tax return each year, you are legally obliged to meet HM Revenue and Customs (HMRC) deadlines to avoid financial penalties and interest charges.

We offer an efficient and comprehensive tax return service for individuals, whether you are resident in the UK or not. We can:

• Prepare your personal self-assessment return
• Carry out necessary calculations
• Correspond with HMRC
• Deal with any enquiries

Our specialist team also offers a full range of tax planning services, including:

• Advice on tax-efficient remuneration and business structures
• Inheritance tax planning
• Pension planning

Value Added Tax (VAT) is one of the most complex and onerous tax regimes imposed on businesses. Many businesses inadvertently overpay or underpay.

FFC has worked with a wide variety of organisations and can provide professional VAT planning advice to reduce assessments and minimise liabilities. Our services include:

• Assistance with VAT registration
• Advice on VAT planning and administration
• Use of the most appropriate scheme
• VAT control and reconciliation
• Assistance with completion of VAT returns
• Practical support during VAT inspections

IHT is complex, and early professional advice is highly recommended. FFC can help reduce your IHT liability through:

• Gifts, including lifetime gifts
• Life insurance policies held in trust
• Wills

We provide practical support on compliance and planning, including:

• Calculating your tax liability
• Completing and filing your tax return on your behalf
• Advising on when and how much to pay
• Advising on record retention
• Introducing relevant tax-saving ideas