Welcome to THE TAX SHOP (UK) LTD (Accountants & Tax advisors)
At The Tax Shop we provide a pro-active approach to our clients. We go beyond simply reacting to problems as they arise, we work closely with our clients, providing a friendly, face-to-face service that helps you to plan realistically for the future. Our strength comes from being able to understand your business needs and being able to advise accordingly.
We are committed to developing genuine partnerships with all our clients. We are here not only to offer the standard accountancy services but also to become financial mentors for those that need it.
Call: 01482 448048 for further information
COMPANY
Established in 1996, we have grown to be a highly respected firm of accountants providing full accountancy and taxation service.
Our success is founded on our dedication to providing a personal and proactive service tailored to you and your businesses needs. We not only provide a full range of Financial and Accountancy services we also work with you to help you grow your business.
We have experience helping both new Start-ups and established businesses reach their full potential and dedicated personal service has been key to this success.
Over the years we have been helping local people and businesses achieve their goals. With a friendly and informal approach combined with a highly skilled and experienced team we have been able to offer the advice needed for our clients to grow their businesses successfully.
Find out how The Tax Shop can work with you and your business.
(info@the-tax-shop.co.uk)
OUR SERVICES
ACCOUNTS
At the Tax Shop, we give you time to run your business. We can help both you and your team by taking care of all the elements of your bookkeeping and accounting needs.
Talk to our clients and they will tell you that they see us as an integral part of their business. First, we listen to your needs and gain a full understanding of your business. Then, we structure the components of each of the services you need in an integrated and transparent way.
Every business needs to prepare accounts, whether weekly, four weekly, monthly or annually to suit their own periodic information needs. We prepare accounts for our clients and, if asked, their bankers and HMRC. If you're a company, we need to make sure that your annual accounts comply both with the Companies Acts and with current accounting standards.
Our integrated bookkeeping and accounting services include:
Conducting your Bookkeeping
Preparing your Annual Accounts
Maintaining your VAT records
Preparing your Management Accounts
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BUSINESS START-UP
As a new business you are bombarded with advice from all sides, often of mixed quality. Consequently, finding reliable advice is a real breath of fresh air. Most people who start up in business do so because they have the combination of a good business proposition and the enterprise and commitment to see it through. Not because they are experts in the legal and financial aspects of running a business.
The last thing you want is to feel constrained by reams of daunting paperwork and cumbersome red tape. What you do need is the support infrastructure of a highly experienced team. That is where we fit in. Bring us your business ideas. We will act as a sounding board and help you evaluate them in a constructive and realistic manner. We think you will find our approach refreshing.
Our integrated business start-up services include:
Deciding on the most suitable structure for your business - sole trader, partnership, or limited company
Preparing a business plan, cash flow projections, budgets, and trading forecasts
Completing any registration procedures with Companies House and HMRC
Dealing with company secretarial issues
Setting up a recording system for your internal use and for complying with statutory requirements
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COMPANY AND PARTNERSHIP FORMATIONS
Business is about getting the optimum structure for operational success. We will help and advise you on company formations, partnership arrangements and Limited Liability Partnerships. You will benefit from our specialist advice on management structures, banking and finance, shareholdings and those all-important shareholders' agreements, as well as accounting and control procedures.
Working as an integral part of your operations, we can also give you advice on your obligations under the Companies Acts. We will arrange the formation of new companies and will deal with the entire combination of VAT, PAYE and Corporation Tax issues at inception. Plus, assist with your registrations with regulatory bodies where necessary.
We will handle the routine company secretarial compliance matters and provide the company's Registered Office. We actually handle everything so you don't have to.
Our integrated company and partnership formations services include:
Providing specialist advice on company formations
Implementing and documenting the formation
Advising on the appropriate company structure
Documenting shareholders agreements
Establishing good banking and finance relationships
Handling VAT, PAYE and Corporation Tax
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PROFIT & CASHFLOW FORECASTING
Regular profit and cash flow forecasts are vital to business owners and managers. They provide critical information as to the life of the business, not only for the owners and directors but also for potential providers of finance.
As well as being invaluable planning tools, profit and cash flow forecasts often prove essential for start-ups to obtain business funding - and for established companies to secure additional funding for growth.
Our integrated profit and cash flow forecasting services include:
Preparing regular profit and cash flow forecasts for discussion with management
Assisting and encouraging companies to prepare reliable financial information
Creating 'what if' models to assess the consequences of specific decisions
Integrating Profit and Cash Flow forecasting into the regular planning process.
Comparing results and investigating material variances to budget
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PERSONAL TAX PLANNING
With the tax regime becoming more complex and more emphasis being put on taxpayers' individual responsibilities, everyone who is subject to taxation needs professional advice and support. At The Tax Shop we hope you will find our approach refreshing - we optimize your tax position and ensure you meet all the compliance requirements.
Every pound of income tax you save means more income at your disposal, every well planned disposal of assets means minimal loss to capital gains, and every inheritance tax saving means more wealth for your beneficiaries. Let us take a fresh look at your personal tax issues and turn them into opportunities.
Our integrated tax planning services include:
Providing year round tax advice
Advising on Income tax
Managing Capital Gains tax requirements
Planning Inheritance tax
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CORPORATE TAX PLANNING
You may find tax planning a daunting prospect. We help you minimize your corporate tax exposure. Resulting in an even healthier financial position and yielding potentially significant improvements in your bottom line.
Corporation tax clearly represents a substantial part of your trading costs. Also, increased reporting obligations, robust investigation policies and harsher penalties for non-compliance mean that an undue element of your time and resources is presently taken up collecting revenue for the Government. We liberate your business from the administrative burden of complying with tax legislation and lead discussions with the tax authorities, allowing you to focus on building a strong, healthy business.
Our corporate tax planning services include:
Determining the most tax effective structure for your business
Taking full advantage of tax opportunities and reliefs
Achieving the optimum capital or revenue tax treatment
Reducing tax on disposals and maximizing relief on acquisitions
Making the most of tax opportunities specific to your industry
Meeting the rigorous demands of compliance including corporation tax self assessment
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SELF ASSESSMENT
The term 'self assessment' is proving to be one of the great misnomers of all time. Many taxpayers struggle to understand the complex tax returns and complete them correctly. The constant stream of changes to tax legislation means not only that the returns are becoming ever more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.
We can save you a lot of time, worry, and money by handling your self assessment for you. We will do all the necessary computations, complete your return and offer jargon-free advice on how you might minimize your tax liability.
Our integrated self assessment services include:
Assessing your tax situation
Analyzing your allowances
Preparing accurate calculations
Completing your returns
Liaising with the HMRC
Appraising you of legislative changes
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H. M. REVENUE & CUSTOMS ENQUIRIES
One of the major departments of H M Revenue & Customs is known as The Compliance Unit. They ensure that taxpayers, individuals and corporate entities, account to the Government for the correct amount of their respective liabilities to taxation. Their real function is to seek out and assess taxpayers who have underpaid their liabilities. The reasons for underpayment are numerous from honest mistake to intentional fraud. The officers in the specialist units are skilled in carrying out risk assessment of tax payers returns. The penalties that can be imposed are severe and in the more serious cases a prosecution could ensue. The cost of the enquiry can be significant not just in terms of tax, interest and penalties but in the time and effort required from the tax payer.
There is no need to feel exposed - come to The Tax Shop. We will ensure your views are aired professionally.
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VAT PLANNING & COMPLIANCE
Value added tax is one of the most complex and stifling tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT.
The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay the Exchequer more than you need to.
Our integrated VAT planning and compliance services include:
Assisting with VAT registration
Advising on VAT planning and administration
Using the most appropriate scheme
Reconciling VAT and control measures
Helping with the completion of VAT returns
Planning to minimize future problems with Customs and Excise including dispute resolution and representing you at VAT tribunals
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CONTACT US:
THE TAX SHOP
332 BEVERLEY ROAD,
HULL
EAST YORKSHIRE
HU5 1BA
TELEPHONE: 01482 448048
FAX: 01482 448048
E-MAIL:info@the-tax-shop.co.uk