Tax Advice Cardiff

Adhering to the world of tax accounting is something that even the most seasoned professionals can struggle with. So it is not surprising that it can become an overwhelming burden for many non tax professionals.  We have a tax services team that can guide you through the maze. Ensuring compliance year after year is a critical aspect of this process.

Many people are confused, not knowing where to start and worrying if they are overpaying tax.  Whether it be Corporation Tax, Income Tax, Capital Gains Tax or Inheritance Tax, Value Added Tax or even Pay-As-You-Earn we can help!!

Tax advice Cardiff

If you’re a business owner or an individual living in Cardiff, seeking professional tax advice will benefit you financially. Taxation is a complex and time consuming process especially when it comes to personal taxes which affect individuals at different stages of life. We specialise in all types of taxation and with our help you can rest assured your taxes are done efficiently and accurately.

At our Cardiff based chartered accountants firm South of Wales we offer a full range of taxation services to our clients. Our team have years of experience in dealing with all types of taxes including income tax, corporation tax, VAT, PAYE and more. We know every individual or business is unique and that’s why we offer tailored solutions to your specific needs. Professional advice is key to tax management, so you get expert, jargon free support tailored to your situation. From tax planning and preparation to compliance and audit support we can help you achieve your financial goals and reduce your tax liabilities. Reporting capital gains and losses especially from property sales often requires a self assessment tax return which we can help you with to ensure you comply with HMRC regulations.

Compliance services

Filling in the forms and paying the right amount of tax at the right time! Liaising with the tax authorities is key to ensuring compliance with all tax regulations. We’ll explain it in plain English. And, make sure the relevant tax reliefs and allowances have been claimed, calculate the correct amount of tax due and ensure you submit your tax return on time and properly, every area covered.

Tax planning and reviews

We’ll take you through the process quickly and easily, so you’ll have knowledge you can’t get anywhere else. Once we’ve finished with you, you’ll have a better understanding of all things tax and be ready to make informed decisions.

Capital gains tax planning is key to reducing tax liabilities through informed investment decisions. We can review your current situation and advise on changes you can make to reduce your future tax liability. For example, tax advice on selling your business, disposing of assets, passing wealth to descendants or trading in the most tax efficient way. Advice that will leave you feeling informed and in charge.

Probate, wills, and Inheritance tax planning services

We also provide additional support beyond normal tax services such as Inheritance tax advice and planning.  This often would be useful when writing or updating a Will.  Through our sister firm Harries Watkins Jones Wills & Probate we provide a range of will writing and probate services.  This means that clients can benefit from a seamless combined service of Inheritance tax planning and will writing.

Harries Watkins Jones Wills & Probate can assist when a loved one dies with the calculation of Inheritance tax, applying for probate and the administration of the estate.  Our clients can find it reassuring dealing with people that have handled their tax affairs over many years.  There are many benefits of using an accountant to deal with probate our professional body the ICAEW explains some here.

HMRC Tax investigations

Even with nothing to hide a HMRC tax investigation can be stressful, expensive and time consuming! Tax credits are significant yet often under-claimed tax incentives that can benefit businesses undertaking new or improved product development. Let us take the strain and guide you through every step of the process. See our Tax investigations page for more information.  We represent existing clients and those we have not prepared the tax returns for.

In addition, we offer a tax investigation fee protection service to clients that can help with the professional fees in a tax investigation. Read about it here. Get in touch with our tax services team in Cardiff today.