It is often said that tax is one of life’s certainties. That said there is often still a lot Burnside is able to do to minimise what you have to pay.
As with all aspects of business, good planning and control are required to achieve our goal with tax.
Planning
One of the most common questions we are asked is the relative merits of a business trading as a Limited Company or a Sole Trader/Partnership. Here at Burnside we consider every case individually on its merits and advise accordingly.
Our tax planning advice includes the main UK tax codes of Income Tax, Corporation Tax, Capital Gains Tax and Inheritance Tax. Since every client is unique, we develop an individual tax planning strategy for each client.
We also advise on the UK tax implications of Tax Residency and Domiciliary in relation to British Subjects who may work or are considering working abroad.
Compliance
Our role is to ensure that tax liabilities are always known in advance of deadlines and that all available allowances and reliefs are claimed.
We aim to ensure that our clients submit the correct tax returns on time, thus avoiding penalties and inform clients of their liabilities well in advance of the payment deadline.
