Businesses can have significant financial costs if business information is handled incorrectly. Tax Investigations and Tax enquirers by HMRC is increasingly becoming very common. At such point seeking experts’ advice based on technical knowledge can often make a substantial difference to the eventual tax penalties, liabilities and charges. Our experts can help you come up with the best strategy to approach.
Bookkeeping & Accountancy Services
Bookkeeping is an important task to record business activities. Failure could result in Fine and disqualification as company director. True and Fair accounting records should be kept at least for 6 years. Our years of experience in bookkeeping will save your time and money.
Our years of experience in producing business up-to-day information for clie nts helped them making the right decisions. Businesses compare actual performance with budgeted or comparative periods. These management accounts can be monthly or quarterly. More importantly, supplying management information to lenders helps businesses with high cash inflow.
Capital Gain Tax
Our team of tax consultants are here to help you in assessing your potential Captial Gains Tax liabilities. There are beneficial rates and reliefs to be taken advantage of and our tax specialists are best placed to help you do this. Our expertise are not only to help you minimise these costs but also provide support in tax preparation.
Property Income Tax
Aahil & Co does not limit itself only filing out and submitting your tax returns but also making sure our advice on your properties benefits you much more. This include special tax reliefs available to landlords on Rent a room tax relief, rental income and capital gains taxes, Buy to let properties, buying commercial and non commercial properties and much more.
Our experienced staff can advise you to choose correct structure for your not for profit organisation which suites your needs, this could be a charitable incorporated organisation (CIO), a Community interest company (CIC), a charitable company (limited by guarantee) or a trust and we also can help you in a process to set up not for profit organisation. We provide ongoing support for accounts preparation, filling of annual reports and annual returns with charity commission and Independent examination of the accounts if required.
IHT affects many of us where we do not regard ourselves as particularly wealthy. We can help you by giving informed inheritance tax advice. Well IHT planning helps you avoid paying unnecessary taxes. At this point long term planning is unavoidable as to avail several reliefs and exemptions such lifetime gifts, transfer of assets to trusts, businesses and assignment of life policies and much more. Our expertise can help you in grafting strategies to reduce an eventual IHT bills.