TAXATION

we are preston based taxation experts

Each business has to pay tax to HMRC, this is a fact. The question is, is your business paying too much tax?

Take command of your tax obligations with haleys exceptional taxation services. We specialise in comprehensive, tailored solutions that simplify tax complexities, ensuring you maximise savings and remain compliant.

Our suite of services include:

Business Taxation:

Our expert guidance helps your business navigate tax responsibilities efficiently.

Personal Taxation:

We tailor tax strategies to your individual financial situation, maximising your tax efficiency.

Employee Taxation:

Count on us to manage your payroll taxes accurately and smoothly.

Property Taxation:

We offer strategic advice to minimise property-related tax liabilities.

Value Added Taxation:

Our team simplifies the intricacies of VAT, ensuring you compliance.

Estates, Trusts & IHT:

Safeguard your legacy with our effective estate and trust tax planning.

Profit Extraction:

We strategize to optimise your profit extraction in a tax-efficient manner.

R&D Tax Relief:

Discover potential tax savings through our comprehensive R&D  tax relief services.

Partner with haleys for tax strategies that are as individual as you are. Our pro-active approach to taxation means you are always one step ahead, securing your financial future. Embrace a stress-free tax experience with haleys.

Can you help if my business is facing an HMRC investigation?

Yes. Dealing with HMRC can be an intimidating and time-consuming process. We offer full HMRC representation, acting as your professional point of contact to handle all correspondence and negotiations on your behalf. Our goal is to protect your interests, ensure the process is handled fairly, and resolve any inquiries as quickly and efficiently as possible to minimize disruption to your business.

How does Haleys stay on top of changing tax legislation?

The UK tax system is one of the most complex in the world, with rates and reliefs changing every budget. As Chartered Taxation Advisers, our team undergoes continuous professional development to stay ahead of these changes. We don’t just react to new laws; we analyze how they will specifically impact our clients’ businesses and reach out with strategic advice before the changes take effect.

I’m a sole trader; do I still need a formal tax planning strategy?

Absolutely. Many small business owners and sole traders overpay because they aren't aware of the full range of allowable expenses or the benefits of different business structures. We regularly review whether staying as a sole trader or moving to a Limited Company (incorporation) is the most tax-efficient route for you, taking into account current dividend rates, National Insurance, and your long-term personal financial goals.

How can proactive tax planning improve my business's cash flow?

By identifying eligible tax reliefs, allowances, and incentives (such as R&D tax credits or Capital Allowances) early in the financial year, we can significantly reduce your overall tax liability. Furthermore, our team provides timely payment reminders and forecasts. This means no "nasty surprises" from HMRC, allowing you to manage your working capital more effectively and reinvest in your growth with confidence.

What is the difference between tax planning and tax compliance?

Tax compliance is the process of meeting your legal obligations—essentially ensuring your returns are filed accurately and on time to avoid HMRC penalties. Tax planning is a proactive, strategic approach where we look ahead at your business goals to structure transactions and operations in the most tax-efficient way possible. While compliance looks backward at what has happened, planning looks forward to keep more of your hard-earned profit in the business.

Corporation tax

Corporation tax reliefs and rates change annually, so we ensure that we can provide all the right guidance and advice when looking at exemptions, allowances and deductions that may be available.

We will thoroughly review and prepare corporation tax returns in great detail in order to ensure you are complaint and that you don’t incur any penalties.

Self assessment

Our tax services make sure that your tax liability is calculated taking into account all allowed 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.

Capital gains tax

You may be looking at investments, a second property or another asset and our team can make sure you maximise your exemptions while simplifying the difficult area of capital gains tax.

Personal tax planning

[insert firm name] can help with the complex issue of personal tax, we know it can be difficult to understand, which is why we help every step of the way. We take away the time and stress by creating a tax planning strategy that suits your tax affairs, helping ensure you pay the least amount of tax. Our team will advise when payments are due along with what forms need to be filed and returned to keep you compliant.

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