Taxation

Many taxpayers struggle to understand the complex tax returns and complete them correctly. Furthermore, ongoing changes to tax legislation mean that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly. Bright Brown ease the stress often caused by self assessment and help you avoid costly mistakes, by offering a comprehensive self assessment service.

Bright Brown can relieve you of the self assessment burden and save you time, worry, and money by handling this process for you. Bright Brown’s specialised tax department will prepare all the necessary computations, complete your return and even offer advice on how you can minimise your tax liability.

Bright Brown can deal directly with the HM Revenue & Customs on your behalf and, should you be selected for a self assessment enquiry, act for you at any meetings.

For corporate clients, clubs and societies, Bright Brown will prepare corporation tax computations, complete self assessment corporation tax returns and advise on tax payments. Following submission of the tax return to HM Revenue and Customs, Bright Brown will deal with any subsequent enquiries and correspondence.

Bright Brown advise in appropriate corporation tax payments in advance for larger companies.

In the face of constantly evolving tax legislation, Bright Brown can help to ensure that you are paying the right amount of tax, while also taking advantage of the tax schemes and allowances that are available to you and your business.

Bright Brown can offer peace of mind that you are complying with your tax liabilities, while freeing up time for you to devote to your business or personal pursuits.

Some of the areas where we can help your business include:
• Deciding on a tax-efficient structure
• Making the most of allowances and reliefs
• Reducing tax on disposals
• Maximising tax relief on acquisitions
• Liaising with the authorities on your behalf
• Assisting with compliance requirements, including self assessment

Bright Brown can also help to ensure that your personal wealth is managed as tax-efficiently as possible.

Bright Brown can advise in such areas as:
• Personal tax planning
• Extracting profit from your business
• Remuneration strategies
• Tax-efficient savings and investments
• Planning for a comfortable retirement
• Estate and inheritance tax planning
• Gifting strategies

Being the subject of a tax investigation can be a worrying experience. In this situation you need the advice and experience of an established firm of accountants. That is where Bright Brown can help. We will liaise with HM revenue and Customs on your behalf and provide expert help and support. So if you are subject to an enquiry, don’t panic – let Bright Brown do the hard work for you!

You can also take advantage of our competitively priced Fee Protection Scheme which covers Bright Brown’s fees should you have a tax, PAYE or VAT investigation. Click here for further details.

Capital gains tax (CGT) planning is a must for anyone who is intending to make a disposal of a capital asset for example, a share of a business or a company, stocks and shares or a property.

Bright Brown are able to advise on this complex issue to ensure that maximum relief is obtained where available.

Early planning is crucial when making arrangements for the future of your estate upon your death. Such forethought may enable you to take full advantage of the tax opportunities available and thus maximise the amount that is passed to your beneficiaries.

Contact Bright Brown today, to discuss how we can help you preserve as much of your wealth as possible for your chosen beneficiaries. But don't leave it too late!

Trusts are a relatively easy and very tax efficient way to set aside assets for future beneficiaries outside of the inheritance tax net. They can also be useful for:
• Providing funds for your children's education, maintenance, etc.
• Restricting access to property by future beneficiaries
• Providing for people who are mentally or otherwise incapacitated

Bright Brown can advise on the most suitable type of trust for your purposes, set up trusts in partnership with your solicitor, and provide a full range of accounting services for trusts.

Most employers and directors are required to complete P11D forms to disclose employee benefits and reimbursements of expenses.

Bright Brown can alleviate the burden by providing advice on which employee benefits are taxable and by completing P11D forms on your behalf.

At Bright Brown we can assist with foreign and overseas aspects, as well advising on international tax and cross border issues. Bright Brown’s tax team have many years of experience in this area, and are well placed to deliver expert guidance to our clients.

Bright Brown can advise overseas and non-resident clients on strategies to help minimise their liability to a range of UK taxes. Our experienced tax team have worked with a variety of non-resident clients, and would welcome the opportunity to assist you.