Taxation

Personal tax planning

Elsby & Co Accountants have advised many clients on their personal tax affairs over the years and have built strong relationships with SMEs across Northampton and Milton Keynes, as well as Corby and Rushden. Whether you need assistance with completing your tax returns, or advice on areas such as inheritance tax planning, we can help.

Our personal tax planning services include:

  • Advice on minimising personal taxes
  • Completing and filing tax returns
  • Advising on making tax payments
  • Extracting profit from your business
  • Remuneration strategies
  • Tax-efficient savings
  • Planning for a comfortable retirement
  • Inheritance tax planning
  • Trusts and estates
  • Gifting strategies
  • School fee planning
  • Doing the necessary calculations
  • Completing and filing self-assessment tax returns
  • Dealing with HMRC on your behalf
  • Acting for you in any enquiry
  • Providing proactive advice on minimising your tax liability
Case Study - A C Jeffery

Business tax

At Elsby & Co Accountants, we understand that the business tax system can be something of a minefield. We can ease the business tax burden, by ensuring that you’re paying the right amount of tax, while making the most of the allowances and exemptions that are available to you.

Our accountants can help you with all areas of business tax, including:

  • Deciding on a tax-efficient structure
  • Making the most of allowances and reliefs
  • Reducing tax on disposals
  • Maximising tax relief on acquisitions
  • Liaising with the authorities on your behalf
  • Assisting with compliance requirements, including corporation tax self-assessment
  • Making the most of tax opportunities specific to your industry

Capital gains tax

Capital gains tax (CGT) planning is essential if you are planning to make a disposal of a capital asset, such as a share of a business or a company, stocks and shares or a property.

Some of the areas where our accountants can help you include:

  • Calculating the capital gains tax payable on a disposal
  • Advising on entrepreneurs' relief
  • Advising on other available reliefs and exemptions
  • Transferring assets
  • Making timely disposals

Estate and inheritance tax planning

When it comes to making arrangements for the future of your estate, early planning is essential. By putting measures in place now, you can take full advantage of the available tax opportunities and make sure that more of your wealth passes to your chosen beneficiaries.

Our estate and inheritance tax planning services include:

  • Help with reviewing your Will
  • Making full use of exemptions and lower tax rates on lifetime transfers
  • Optimising lifetime transfers between spouses
  • Transferring agricultural or business property
  • Transferring assets into trust
  • Advising on Lasting Powers of Attorney, personal and business

VAT advice

Value Added Tax is a particularly complex tax and many businesses over or underpays VAT as a result. Elsby & Co Accountants can guide you through the VAT maze, offering professional advice and assistance with all aspects of VAT planning.

Our VAT services include:

  • Assistance with VAT registration
  • Advice on VAT planning and administration
  • Use of the most appropriate scheme
  • VAT control and reconciliation
  • Help with completing VAT returns
  • Planning to minimise future problems with HM Revenue and Customs.
  • Negotiating with HM Revenue and Customs in disputes and representing you at VAT tribunals

For more information regarding any of our tax service, contact one of our offices in Northampton and Milton Keynes, Corby and Rushden. Our friendly accountants are happy to help!