VAT Returns
Fairfax Tax and Accounts PROVIDEs A COMPLETE RANGE OF vat SERVICES
Value Added Tax (VAT) is a tax that must be paid when purchasing services or goods.
At Fairfax Tax and Accounts we can help you through the entire VAT process, including:
- Preparation and submission of your VAT returns
- VAT registration
- Guidance and advice on VAT rate changes
We can prepare your VAT returns, to give you peace of mind that they are prepared correctly and submitted on time. We can also provide VAT advice and handle VAT registrations. Preparing a VAT return each quarter also gives us and you an insight into your business revenue and margins.
All businesses that have a turnover of more than £90,000 must pay and add VAT to all the products and services that they buy and sell. We can help ensure you pay this to HMRC on-time with your quarterly return.
Corporation tax
Corporation tax reliefs and rates change annually, so we ensure that we provide all the right guidance and advice when looking at exemptions, allowances and deductions that may be available.
We will thoroughly review and prepare your corporation tax returns in great detail to ensure you are compliant and that you don’t incur any penalties.
Self assessment
We can help with the complex issue of personal tax, we know it can be difficult to understand.
Our personal tax services make sure that your tax liability is calculated taking into account all allowable exemptions and deductions. We simplify the process by using accountancy software to accurately complete tax returns and calculate any tax liability that may occur, along with any payments that need to be made.
We offer comprehensive self-assessment services, catering to different client needs:
- CIS Tax Refund for Subcontractors
- Locum Medical Professionals
- Personal Tax Returns for Landlords
Capital gains tax
You may be looking at investments, a second property or other assets and our team can help ensure you maximise your exemptions while simplifying the difficult area of capital gains tax.
High Net Worth Individuals
We focus on proactive tax planning. Our team will analyze your financial situation, and long-term goals to create effective tax strategies. We will also work with your financial advisors to ensure your financial goals are met. Most business owners want to use the cash from Trading Limited to invest in other businesses or to purchase a property portfolio.
Our team is experienced in advising and setting up the group structure. Whether you are restructuring or acquiring a new business, our team will advise on the best solutions and obtain relevant HMRC clearances.