Your taxation experts
Every single one of our clients needs some form of tax advice. You might have a simple question about personal allowances. Or your company may have a complex issue regarding compliance. However straightforward or complicated your tax situation might be, at Ashton & Co, we’re here to help.
Our specialist tax advice team is committed to working closely with all our clients, both large and small. Our goal is to develop solutions tailored to your specific circumstances. We aim to make you as legitimately tax efficient as we possibly can.
We have years of experience in the world of Tax. We enjoy nothing more than keeping yours as low as we legally can.
We’ll help you with every aspect of your personal income tax. We’ll do all we can to legitimately minimise your tax personal tax liabilities by planning income and gains. We can arrange an annual planning meeting to review your finances and suggest ways to save tax.
We’ll advise and help you in preparing your Self Assessment tax returns, covering everything from basic tax repayment claims to complex returns. We’ll calculate tax liabilities, liaise with HMRC and let you know when payments are due.
We’ll also help with tax issues relating to your retirement.
As experienced experts in Corporation Tax, we’ll save you time and stress on sorting out your corporation tax returns. We’ll use our know-how to identify every possible expense that you can legally claim against tax. We’ll also make sure you file your corporation tax before the deadline, as penalties for late payment can be severe. We save you money also by using the very latest software to prepare your corporate tax well in advance of the deadline.
Capital Gains Tax
The legislation for Capital Gains Tax is highly complex. There are numerous reliefs and exemptions which can help you make considerable tax savings. As experts in the area of Capital Gains Tax, we’re perfectly placed to prepare your CGT calculations. We’ll help you to claim any reliefs that you’re entitled to and calculate any liability that you must pay.
Are you thinking of selling a personal asset or all or part of your business? We’ll advise you of the tax planning opportunities available to you before you make your disposal.
If handled wrongly, inheritance can cost you far more than is necessary. We’ll help you save money throughout the inheritance process. We give you the inheritance tax guidance you need in the form of simple, money-saving steps. We’ll even guide you on how inheritance tax rules apply to your current assets.
VAT can be a difficult area to understand and navigate. Get it wrong and penalties and surcharges can follow.
Running a busy company means that the last thing you need is the stress that comes from worrying that your VAT might not be right. When we manage the entire process for you, you’ll be able to relax, knowing that you’re compliant and that you’re paying all the VAT that you should – accurately and on-time. We’ll also make sure that you’re fully Making Tax Digital (MTD) compliant.
Making Tax Digital
Making Tax Digital is designed to help you keep track of how much tax you owe – or how much you are due back – throughout the financial year, instead of right at the end.
• Accurate Tax Information
Replacing paper-based bookkeeping with digital tax accounts lets you check that the information HMRC holds about you is correct.
• Fewer Errors
Making Tax Digital’s reporting function allows HMRC to look at your tax information almost immediately, reducing human error.
• Easier contact with HMRC
Making Tax Digital will make it easier for you to contact HMRC online via webchats and secure messages.
Construction Industry Services (CIS)
Are you a contractor working under the Construction Industry Scheme (CIS)? If so, you’ll be wanting to take home as much of your hard-earned money as you can – legally. We’ll take care of all the CIS paperwork. We’ll issue invoices and make sure your bookkeeping is right up to date. Are you a Construction Contractor? Then we’ll look after all your CIS admin, leaving you to focus on the business.
We have in-depth knowledge of the IR35 legislation – how to account for it if your contract work is caught by the rules, and more importantly what steps contractors should take to ensure they are not caught.
There is no silver bullet with IR35 – no way of getting around the legislation.
Compliance with IR35 has become even more of a minefield since the ‘off-payroll’ rules were applied to public sector organisations. We have the expertise to make sure that you stay compliant, whatever your status.
Research and Development (R&D)
R&D tax relief rewards companies that invest in innovation and develop new technologies to improve products, processes, devices, materials and/or services.
UK Research and Development (R&D) tax relief is one of the most effective and generous tax reliefs in the world. Claiming the government-backed relief can significantly reduce your tax bill. It can even result in a tax refund.
We’ll make sure that you’re aware of the tax relief that you might be entitled to and that you make the most of the benefits.
Company Car Tax
There are many different options to consider when you’re thinking of offering or taking a company car. A company car used to be regarded as a perk of the job. But, for many years now, HMRC has been determined to reduce any benefit. We’ll help you decide what’s best for your company and for your personal tax circumstances.
Commercial Property Tax Saving
If you or your company buy and rent out commercial property, you’ll be liable for various taxes. It’s vital to understand all the tax implications. Our specialist commercial property accountants will make sure you’re fully aware of your tax position.
Estate Tax Accountant
Estate Tax is one of the many taxes you will have to account for if you’re the trustee or personal representative of someone who has died.
If this is your situation, you’ll need to complete a Trust and Estate Tax Return form for HMRC so that they can take into account any income or chargeable gains made over the tax year.
We understand Estate Tax and all its variations and complexities. We’ll use our tax preparation services to help you to check all your tax liabilities and ensure that you’re thoroughly prepared for every eventuality.