Business Tax Services
- Experienced team of business tax accountants
- Free, no-obligation meeting at one of our offices
- Business tax accounting for companies in Dorset and nationwide.
Ward Goodman’s Business Tax Services
If you are running a business, you will be involved with a wide range of taxation obligations. Ward Goodman’s business tax accountants have provided a trusted tax service for over 30 years.
We use our professional expertise to keep an eye on constantly changing legislation and practice, and we use this to make sure you can claim the appropriate reliefs and deductions that allow you to keep your tax charges as low as they can be. Our business tax accountants do their best to advise you of upcoming liabilities well in advance. We have the technical skills to deal with a wide range of clients: from start-ups to large groups, offering comprehensive support in all aspects of business tax accounting.
How Our Business Tax Experts Can Help
For over 30 years, Ward Goodman’s business tax accountants have been delivering trusted, professional tax services. Our comprehensive range of offerings includes corporate tax services, value-added tax, tax reliefs for research and development, stamp duty land tax, annual tax on developed dwellings, services for non-resident companies, and more, tailored to meet your specific needs. Our business tax experts are equipped to handle all aspects of taxation for businesses of any size.
Corporation Tax
UK Limited Companies pay Corporation Tax (CT) on taxable profits, distinct from accounting profits. While Partnerships or sole traders don't pay CT, other entities like members’ clubs, societies, and co-operatives may be liable. We handle annual tax returns alongside business accounts, with most expenses reducing taxable profits, subject to tax rules differing from accounting treatments. To be tax deductible, expenses must be incurred by the company and solely for trade purposes, reflecting accurate business tax accounting.
Value Added Tax
A business can opt for VAT registration from its start but must register once turnover surpasses £85,000. Many choose VAT registration for professionalism, making the business a tax collector, charging VAT on goods/services. We assist with registration, VAT returns, and advise on special schemes like cash basis or retailers' schemes. Our approach to tax accounting includes helping businesses reclaim VAT on most expenses and assets with VAT invoices from registered suppliers, except for certain expenses like client entertainment, car purchases, and VAT-exempt expenses like insurance. Exporting/importing adds additional considerations, which are handled through precise business tax accounting strategies.
Tax Reliefs for Research & Development
We specialise in Research and Development (R&D) tax reliefs for companies engaged in innovative science and technology projects. After reviewing your project's eligibility, we collaborate to identify relevant costs using a proven checklist system and submit your claims for this valuable tax relief. Our cost-effective service is based on experience, not a percentage of tax savings achieved.
Stamp Duty Land Tax (SDLT)
Are you buying property or advising clients on property transactions? Given the legal complexities, it's crucial to ask many questions to determine the correct tax treatment. Our business tax accounting expertise helps property buyers should seek advice early in the buying process to understand how SDLT rules can impact their costs.
Annual Tax on Developed Dwellings
Do you have a UK residential property that is owned through a company? If yes, you may need to complete an annual return and pay a tax charge – or you may be able to claim a relief. This tax charge is relevant to properties with a market value on 1 April 2017 of over £500,000, although some types of property are exempted. Consult our business tax accountants to determine your liabilities and claim available reliefs efficiently.
Benefits & Remuneration Planning
Employers often offer benefits as part of employment packages; these benefits are considered additional earnings and must be reported annually. Determining taxable amounts is straightforward for common benefits like medical insurance but can be complex for unique benefits like accommodation. Properly set up mobile phone contracts can be tax-free benefits. We provide guidance on tax-efficient options for vehicles and assist with reporting requirements, referencing HMRC’s A-Z guide for additional support. Our corporate tax services ensure your business remains compliant while optimising tax efficiency for these benefits.
Tax Reliefs
If considering investing in significant equipment, you can benefit from the Government’s Annual Investment Allowance. This covers Plant and Machinery, including computers, business vehicles, office furniture, and unique items like zoo cages and dry docks. Additional allowances are available for environmentally friendly technologies and some low CO2 emission cars. Integral Features within commercial projects, such as wiring and services, are claimable, but build costs don't qualify for these tax allowances. For significant building expenditure, consult us early in the project for guidance.
HMRC Enquiries
We manage HMRC enquiries on all tax matters, from routine inspections to detailed requests about unusual transactions. Our comprehensive service ensures a favorable resolution for clients. We offer fee protection insurance for added support, covering our costs during enquiries.
Employee Share Schemes & EIS
Ward Goodman offers a range of business advisory services, specifically designed for Entrepreneurs. Check out our Entrepreneurs Services page for more information.
Hear What Our Clients Have To Say
Ward Goodman consistently exceeds the expectations of our valued business tax clients by delivering exceptional service.
Frequently Asked Quetions
Common questions about Ward Goodman’s business tax services.
What types of tax services do you offer for businesses, and how can they benefit my company?
We offer a range of tax services for businesses, including corporate tax planning, VAT compliance, and tax advisory services. These services can benefit your company by optimising tax efficiency, minimising tax liabilities, and ensuring compliance with tax laws and regulations.
How do you handle tax compliance and ensure that our business meets all tax obligations?
Our approach to tax compliance involves thorough analysis of your financial records, timely filing of tax returns, and proactive monitoring of tax deadlines and changes in tax legislation to ensure that your business meets all tax obligations.
Can you provide guidance on tax planning strategies to minimise our tax liabilities and optimise tax efficiency?
Our tax planning strategies are designed to minimise your tax liabilities while maximising tax efficiency. We provide personalised guidance on tax-saving opportunities, deductions, credits, and incentives that align with your business goals.
Do you offer assistance with tax audits or enquiries from tax authorities, such as HMRC, and how do you handle these situations?
We offer assistance with tax audits or enquiries from tax authorities such as HMRC by preparing documentation, representing your company during audits, and resolving any issues to ensure compliance and minimise penalties.
What is a business or corporate tax advisor?
Do all companies have to pay corporation tax?
What is the corporation tax rate in the UK?
The Process
A hassle-free onboarding process
Initial referral or inquiry
Whether you’ve been referred or inquired yourself, our team will reach out to you in a timely manner
Free consultation
We offer a no-cost, no-obligation meeting at one of our offices, or over the phone
Quote and setup
We’ll provide you with a tailored quote and when you’re ready, our business services team will begin services
Book a Meeting
If you would like to discuss further, please book a meeting with an experienced member of our team. Simply let us know when’s best for you and we will get in touch to arrange a suitable time.
Why Choose Ward Goodman?
Client satisfaction is paramount to us. We have a broad range of clients, and we endeavour to offer them the best service possible through continuous improvement and focus on doing things right the first time.
Experienced Audit Experts
Our Dorset-based team can advise and support any size of business locally or nationwide.
Customised Tax Solutions
Flexible, bespoke service covering all aspects of business tax services.
Access to a Full Team of Finance Experts
From our Corporate Tax Experts to Employee Services Experts.
Our Awards and Accreditations
Ward Goodman’s excellent in accounting and financial services is validated by notable awards and accreditations within the UK financial industry.
AAT Qualified
Xero Certified
ICAEW Membership
Partnerships
Experienced Compensation Service Experts
Ward Goodman’s dedication to excellence is embodied through our team of helpful experts:
Who
Title
Who
Title
Who
Title
Other Services You May Be Interested In
We offer all of the audit and accountancy services required by both ‘Final Salary’ and ‘Defined Contribution’ pension schemes.
If you are running a business, you will be involved with a wide range of taxation obligations.
Ward Goodman Business Tax Accountants has provided and delivered professional trusted tax services for over 30 years.
