Tax Advice Gravesend
Get a reliable accountant from Gravesend to do you or your companies tax return today.
What is a tax return and do I need to do one?
At King & Taylor , we go beyond mere compliance; we empower you to make informed decisions that optimize your tax position. Explore our services and discover how we can make the complex world of taxation work for you.
Inheritance Tax
Inheritance Tax (IHT) is a tax levied on the estate of a deceased person. This includes all assets, property, and possessions owned by the individual at the time of their death. The tax is typically paid by the estate before the distribution of assets to beneficiaries. However, the rules and exemptions surrounding Inheritance Tax can be complex.
Our team of experienced tax advisors can guide you through the intricacies of Inheritance Tax, helping you understand your liabilities and explore available exemptions. We tailor our advice to your unique situation, ensuring that you make informed decisions to minimize the impact of Inheritance Tax on your estate.
Capital Gains Tax
Capital Gains Tax (CGT) is applicable when you sell or dispose of an asset that has increased in value. This can include property, investments, and valuable possessions. Understanding the implications of CGT is crucial to managing your financial affairs effectively.
Our experts provide comprehensive advice on Capital Gains Tax, helping you navigate the rules and exemptions. Whether you are an individual investor or a business owner, we can assist in optimizing your tax position and implementing strategies to minimize CGT liabilities.
Corporation Tax
Corporation Tax is a tax levied on the profits of limited companies. Navigating the complexities of Corporation Tax requires a deep understanding of tax laws and regulations. Our team specializes in providing tailored advice to limited companies, ensuring compliance and optimizing tax efficiency.
We work closely with businesses to identify eligible deductions, allowances, and incentives, helping to reduce the overall Corporation Tax liability. Our goal is to support your company in achieving its financial objectives while maintaining compliance with tax obligations.
Income Tax
Income Tax is a fundamental aspect of personal finance, impacting individuals in various ways, from employment income to investment returns. Our advisors are equipped to provide personalized Income Tax advice, taking into account your unique circumstances.
Whether you are a salaried employee, self-employed professional, or have diverse sources of income, we can help you optimize your tax position. Our approach is tailored to your specific needs, ensuring that you are aware of available deductions and credits to minimize your Income Tax liability.
Tax Residence
Determining tax residence is crucial for individuals and businesses with international ties. Our experts specialize in advising on tax residence matters, taking into consideration the complex web of international tax laws.
We can help you understand the criteria for tax residence, navigate double taxation agreements, and optimize your tax position based on your global activities. Our tailored advice ensures that you comply with relevant tax regulations while maximizing opportunities for tax efficiency.
Year-end Accounts
We prepare Year-End Accounts for Limited Companies, Sole Traders, Partnerships and LLP’s to the relevant reporting standard.
On receiving the records, we aim for a two-week turnaround to producing the draft accounts and inviting you in to discuss the business’ performance. We consistently achieve this target which ordinarily provides clients with plenty of notice of their tax liabilities and the payments becoming due.
VAT Returns & Bookkeeping
We offer a range of services in connection with VAT Returns and Bookkeeping from undertaking your bookkeeping from the source documents / manual records, to filing the Return on your behalf under the new Making Tax Digital (MTD) regime. Our involvement is completely flexible depending on your requirements.
Tax Advice
We can provide tax advice on a range of areas including:
- Income Tax and National Insurance
- Corporation Tax
- Inheritance Tax
- Residential Property Letting and Landlords
- Property Development
- VAT
- Capital Gains Tax
