Taxation

Steve Dale, Rice & Co Partner, explains the taxation services offered by the firm.

“Are you interested in saving yourself or your company thousands of pounds in tax?

Who wouldn’t be!  Well, careful planning, using our expertise in tax matters, means we could  legitimately  be doing just that for you.

As well as finding ways of saving you money, we also make sure all routine tax is ready on time, so that tax returns can be prepared and filed before their due dates.  This saves the stress of any last-minute panics, or late returns, which could leave you with fines.

The introduction of self-assessment has placed a greater burden on individual tax payers to keep their income tax affairs in good order.

At Rice & Co, we can help by dealing with the Inland Revenue on your behalf. We will also ensure that you comply with tax and accounting rules.

But more importantly, we can help you to minimize your tax bill, allowing you to keep more of the money that you have worked so hard to earn.”

Corporation Tax

It will shortly be necessary to submit all corporation tax returns electronically, using a special computer language designed for the purpose. Rice & Co already have this facility within the specialised software used by the practice.

Such returns will be required for all limited companies, clubs and associations.

Personal Tax

Self assessment returns are required by those in business and other categories of taxpayer, such as a company director, people with rental income from properties, and so on.

The submission of such returns electronically is becoming the norm.

Rice & Co have submitted clients’ returns in this way since the mid 1990s, and can help you meet your obligations, and the deadlines.

Capital Gains Tax

The emergency budget 2010 imposed a higher rate of capital gains tax of 28%, making tax planning even more essential.

We can offer advice on planning and ensure that all relevant reliefs are claimed, to reduce the burden of tax payable when you dispose of an asset either by way of sale or gift.

Inheritance Tax

With the inheritance tax threshold frozen at £325,000 until 2014/15 more and more estates will be faced with tax liabilities. Careful planning and ensuring valuable reliefs are claimed can help reduce the exposure to inheritance tax.

We can offer a review of your current position and advice in limiting the amount of tax payable by the estate.