TAX Healthchecks
The purpose of our Tax Healthcheck is to identify any issues in your tax systems and procedures before HMRC does!
In carrying out a Tax Healthcheck, we would be tailoring the review to the specific needs of the individual client.
Income Tax
- Are you taking advantage of all allowances available?
- Are you wasting any allowances by claiming too much?
- Can you structure the timing of income to your advantage?
Business Tax
- Should your business be incorporated?
- Have you considered different ownership/remuneration strategies?
- Have all
expenses that can be properly claimed been considered?
VAT
- Should you register/de-register your business?
- Have you considered different methods of accounting for VAT – e.g. cash accounting, flat rate, retail schemes?
- Are you reclaiming input VAT correctly?
These are just a few of the areas that will be looked at, those needing more
Please feel free to contact us at Lambert Chapman if you would like to know more.
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Contact us today to find out how we can help and let us provide a tailored quotation suitable for your business.