Looking for a tax accountant in or around Northamptonshire
Discussion
Afternoon All!
What the title says really. 2011/2012 has been a good year and I could do with a chat with a good tax accountant to make sure I make the right decisions leading up to the end of the tax year. In the past I've relied on my IFA but to be fair not always sure he has the best knowledge to advise me on tax.
Any help would be gratefully appreciated!
What the title says really. 2011/2012 has been a good year and I could do with a chat with a good tax accountant to make sure I make the right decisions leading up to the end of the tax year. In the past I've relied on my IFA but to be fair not always sure he has the best knowledge to advise me on tax.
Any help would be gratefully appreciated!
Eric Mc said:
Why does the accountant have to be in Northants?
Because that's where I live and I generally like to meet people face to face before I conduct business with them for the first time. Being in Northants makes it a tad more convenient. Call me old fashioned but that's just me.Not in Northamptonshire either but I would be looking at making best use of the following:
- Capital allowances - 100% annual investment allowances, eligible amount being reduced as of 1/4/2012 so many making the most of it now by purchasing new plant and machinery prior to this date.
- R&D tax credits - looking at your website, there could definitely be something to consider here, we have had great success with client claims in the last year, sometimes in businesses where R&D doesn't always readily present itself. Enhances expenditure allowable for tax relief by a multiple of 1.75 / 2 / 2.25 depending upon your year end and you can claim for prior two years (so if you have a 31/3 year end you need to file claim sharpish so as not to lose a year).
- Salary / dividend planning - usual stuff here considering respective tax costs of paying PAYE bonus vs dividend for owner/manager businesses looking to extract funds from the company.
- Employer pension contributions - depending upon your long term plans and atitude to pensions, it can be tax efficient to make a company pension contribution pre year end, perhap using a SIPP to retain some control, particularly if considering purchasing business premises.
- Capital allowances on 'integral' fixtures - if you have purchased commercial property in recent years, claims under s198 after April 2012 to be tightened.
- Structured remuneration planning - not for every clients risk profile due to HMRC's current attitude against them, but despite the anti-avoidance legislation effective from December 2010, there are still options available to consider - just needs a little more thought as regards the potential risks.
- Low emmission cars - capital cost is 100% relievable against corporate profits and with low BIK make these an attractive option if you have company car users
Sure there is plenty more but these are the things that seem to be topical with my clients at the moment.
- Capital allowances - 100% annual investment allowances, eligible amount being reduced as of 1/4/2012 so many making the most of it now by purchasing new plant and machinery prior to this date.
- R&D tax credits - looking at your website, there could definitely be something to consider here, we have had great success with client claims in the last year, sometimes in businesses where R&D doesn't always readily present itself. Enhances expenditure allowable for tax relief by a multiple of 1.75 / 2 / 2.25 depending upon your year end and you can claim for prior two years (so if you have a 31/3 year end you need to file claim sharpish so as not to lose a year).
- Salary / dividend planning - usual stuff here considering respective tax costs of paying PAYE bonus vs dividend for owner/manager businesses looking to extract funds from the company.
- Employer pension contributions - depending upon your long term plans and atitude to pensions, it can be tax efficient to make a company pension contribution pre year end, perhap using a SIPP to retain some control, particularly if considering purchasing business premises.
- Capital allowances on 'integral' fixtures - if you have purchased commercial property in recent years, claims under s198 after April 2012 to be tightened.
- Structured remuneration planning - not for every clients risk profile due to HMRC's current attitude against them, but despite the anti-avoidance legislation effective from December 2010, there are still options available to consider - just needs a little more thought as regards the potential risks.
- Low emmission cars - capital cost is 100% relievable against corporate profits and with low BIK make these an attractive option if you have company car users
Sure there is plenty more but these are the things that seem to be topical with my clients at the moment.
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