1. Tax Planning Careful tax planning can prove enormously valuable. Our tax planning services can not only identify areas where we can assist in minimising your tax liability, they can also highlight areas of your business or personal affairs that offer the greatest opportunity to make tax improvements. Accountancy Tax Planning Wealth Management Financial Management Xero Cloud Accounting Outsourced Accounts Capital gains tax planning Inheritance tax planning Trust and estate administration Remuneration Planning HMRC enquiries & Fee Protection Insurance Tax Health Checks Capital gains tax planning Capital gains tax applies on the disposal of most assets where any profit exceeds £9,200. CGT calculations (…)

2. Capital Gains tax planning Capital gains tax applies on the disposal of most assets where any profit exceeds £9,200. CGT calculations are often very complicated and require meticulous attention to detail. At Paish Tooth we can work with you to minimise your liability to CGT, ensure that you don’t pay too much tax and guarantee that all possible reliefs are claimed.. Inheritance tax planning Tailored wealth succession planning enables a smooth transition to the next generation as well as minimising tax liabilities. We are able to advise individuals either whose estate planning is close to the nil rate band, or those for whom it is many times larger. We adopt techniques to mitigate inheritance tax on family homes, family businesses and even on investment portfolios, whilst also helping to ensure your own financial needs are still met. Trust and estate administration Trusts aren't just for the very wealthy. Trusts can be used to protect assets and serve as a tax planning vehicle, particularly as part of inheritance tax planning. At Paish Tooth we can help you with the set-up and running of discretionary trusts, maintenance trusts for children, and interest in possession trusts. We can also deal with all trust accounting and tax matters on your behalf. Accountancy Tax Planning Wealth Management Financial Management Xero Cloud Accounting Outsourced Accounts

3. Remuneration planning As a business owner you have the flexibility to determine how you are paid. This could be by way of salary, bonus, dividends or additional benefits – or possibly a combination of all these. There is no single solution, and we can advise on a remuneration strategy that is tailored to your individual circumstances, whether it be through tax-efficient schemes, salary sacrifice arrangements, benefits planning or dividend planning. HMRC enquiries & Fee Protection Insurance It is an unfortunate fact of business life that you may at some point come under enquiry from HMRC. Businesses are investigated at random, as well as for specific reasons. A full investigation is not a pleasant experience and if you are selected, you’ll need an accountant who knows how HMRC works and is prepared to fight your case. Investigations and disputes with HMRC can be distressing, disruptive and expensive. The costs to defend these incidents, even though you may be wholly innocent, can be substantial. Paish Tooth are concerned about this situation and have set up TaxSafe, an insurance backed service that provides you with the right level of defence to achieve the best possible results in these circumstances. For a small annual fee, Taxsafe will provide you with the equivalent of up to £75,000 of professional fees costs per enquiry. You can also benefit from access to a Support Helpline, which is manned by experienced, qualified specialists in the fields of Employment, Health & Safety and Commercial Legal issues. In this increasingly litigious world, the helpline alone could save your business considerable time, expense and disruption. Accountancy Tax Planning Wealth Management Financial Management Xero Cloud Accounting Outsourced Accounts

4. Tax health checks We offer both a VAT and a PAYE health check service, each designed to unearth any VAT or PAYE issues before the tax man does! Our health checks examine a number of elements specific to VAT and PAYE, including: sample testing the most common errors that inspectors look for, statistically analysing your completed returns, comparing your returns against your annual accounts, ensuring you are correctly applying VAT scheme rules, reviewing statutory pay and tax credits and checking expenses dispensations. Accountancy Tax Planning Wealth Management Financial Management Xero Cloud Accounting Outsourced Accounts