Completing tax returns is often a source of frustration for businesses. It is a time consuming and highly demanding task that too often gets in the way of business activities. However, it is important for all businesses, from large corporations to sole traders to remain compliant with all current legislation.
We can offer you practical, proactive assistance by completing your partnership, Corporation Tax and VAT returns. We also have many years of experience in providing business tax preparation services to the construction industry, dealing with returns and CIS status applications.
Once the red tape is taken care of we can help your business to minimise tax by advising on capital allowance claims, research & development tax reliefs, company cars, company vans and much more.
"Check with our tax department to ensure that your business is benefiting from the tax reliefs available to your business."
The current Capital Allowance legislation is changing rapidly and growing in complexity in the UK. It has never been more important to seek professional advice on how to maximise tax relief on capital expenditure.
Is a substantial portion of your businesses capital investment tied up in property? With our wealth of experience in property capital allowances, we can help your business realise the maximum tax relief available on your property acquisitions, construction and renovations.
With the new Structures and Buildings Allowances available for construction projects, commencing after October 2018, our tax department can help ensure you are not losing out.
Company vehicles are becoming a major source of expenditure for many businesses. Our team can advise you on how to maximise your Capital Allowance claim on company vehicle purchases.
In a drive to encourage businesses to invest in energy-saving plant and machinery and low emission cars, the Enhanced Capital Allowance (ECA) scheme was introduced. 100% tax relief is currently available for eligible purchases.
How do tax savings of 43.7% on corporation tax profits sound?
Contrary to popular belief, research and development is not just performed in laboratories; your company's activities may qualify.
Our R&D specialists have an enviable record of securing substantial levels of tax relief with little or no challenge from HMRC.
Government policy to incentivise businesses to invest in Research and Development has never been greater. For every £10,000 spent on qualifying activities in research and development projects, corporation tax savings of up to £4,370 can be achieved. Even loss-making businesses can benefit from valuable tax refunds.
At Pierce, we are continuously reviewing projects undertaken by our clients to ensure that the generous benefits available in this relief are diverted back to them. We want to ensure that you and your businesses are benefiting from research and development tax claims wherever possible.
Your company can benefit from the Patent Box if it is liable to corporation tax and makes a profit from exploiting patented inventions.
Profits earned after 1 April 2013 on patented and certain other innovations can benefit from a 10% rate of corporation tax to relevant profits.
There are complex areas of the legislation upon which your company will require advice, including:-
Only UK IPO, EPO and certain other EEA countries registered Patents are eligible for Patent Box.
The Patent Box legislation is a natural extension to the R & D Scheme and extends the Government’s policy to enhance the competitiveness of the UK Tax System for high-tech companies.
Call us now to discuss further how we can help you or if you would like a quotation.