Northampton: 01604 657200    Daventry: 01327 317300

Help and advice for individuals and businesses across Northampton and Daventry

 

Tax Advice From Expert Chartered Accountants in Northampton

Corporation Tax Compliance and Planning Help

Corporation Tax represents a considerable cost for any business. Add to this the burden of complying with reporting responsibilities, investigations with tax authorities, harsher penalties for non-compliance and your tax liability could be considerably larger than necessary.

At DNG Chartered Accountants we don’t believe Corporation Tax has to be a burden. We can help you minimise your Corporation Tax exposure, alleviate these problems and carry out administrative duties to comply with tax legislation. This includes preparing income and Corporation Tax computations and submitting your Corporation Tax self-assessment return.

We can conduct a full tax review of your business and determine the most efficient tax structure. Very often such reviews result in considerable tax savings, which show up as real improvements in your bottom line. Many businesses in and around Northampton and Daventry have benefited from these reviews.

As with any other area of taxation, it is essential to be proactive and plan ahead when dealing with Corporation Tax.

In this way you can:

  • Minimise your Corporation Tax liabilities
  • Make the most of any available reliefs, tax losses and deferment opportunities
  • Ensure you meet all your Corporation Tax deadlines and file your returns correctly

Personal Tax Compliance and Planning Advice

The term ‘self assessment’ is proving to be one of the great misnomers of all time. Many taxpayers struggle to understand the complex tax returns and complete them correctly.

The constant stream of changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.

At DNG Chartered Accountants we have spoken with thousands of businesses over the years and clearly understand the pressure-points when it comes to self-assessment. We can save you a lot of time, worry, and money by handling self assessment for you. We will do all the necessary computations, complete your return, and even offer advice on how you can minimise your tax liability.

Businesses across Northampton, Daventry and beyond have benefitted from us acting as their agent, dealing directly with HMRC on their behalf and, should you be selected for a self assessment enquiry, act for you at any meetings.

Every pound of income tax you save means more income at your disposal. And if you plan well for the disposal of assets, this means minimal loss of capital gains, and every Inheritance Tax saving means more benefit for your beneficiaries.

Make sure you take full advantage of the tax saving opportunities open to you – contact us today for a personal tax planning review.

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Capital Gains Tax Advice

If you own and sell valuable items you may need to pay Capital Gains Tax. This can often involve complex calculations. We’ll do the calculations for you or tell you if the asset is exempt.

We can give you all the necessary Capital Gains Tax information and advice to make sure you’re making the most of your annual tax allowances and credits.

Inheritance Tax Planning and Estate Planning Guidance

Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family and friends who survive us.

The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Since none of us knows when we will die, this means making the necessary provisions now. DNG Chartered Accountants have long experience of this area of our financial life, and can give personalised advice.

What is important is that the earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available and thereby maximising the amount that goes to your beneficiaries. Nothing is more demoralising than the thought that a substantial slice of the wealth you have worked hard to accumulate will end up in the Government’s coffers!

It is equally important when planning to transfer your estate that you make adequate provision for yourself and your spouse in your later years. Striking this balance calls for considerable skill and foresight – and a detailed knowledge of the tax regime – something that the experts at DNG Chartered Accountants have been developing for several years.

We provide a discrete estate planning service that includes:

  • Help with drawing up and reviewing your will
  • Making full use of exemptions and lower tax rates on lifetime transfers
  • Optimising lifetime transfers between spouses
  • Transferring agricultural or business property
  • Transferring assets into trust
  • Arranging adequate life assurance to cover potential inheritance tax liabilities

Trusts and Executorship

Trusts are a relatively easy and tax efficient way to set aside assets for future beneficiaries outside of Inheritance Tax. We can advise on the most suitable type of trust for your purposes, set up trusts, and provide a full range of accounting services for trusts.

HMRC tax Investigations

All enquiries by HMRC should be taken seriously. DNG Chartered Accountants has dealt with tax investigations at all levels and know that the involvement of a specialist at the right time can be crucial.

DNG Chartered Accountants offers a fee protection service that, for a modest annual subscription will cover the cost of our fees in defending you and will give you peace of mind should the tax man come calling.

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