We offer a full VAT service. Using either bookkeeping prepared by our bookkeeping staff, or records provided directly by our clients on a quarterly basis, we prepare VAT returns and then submit them online using Making Tax Digital (MTD) compliant software to HMRC. We will, of course, advise you on any amounts due, or refunds owed back to you.
Most importantly, as tax advisors, we will always advise our clients on all matters involving VAT, including options-to-tax on property, the implications of voluntary registration, and even recommendations on which is the best VAT scheme to register on (e.g. cash accounting, flat-rate scheme, etc). We find that making the right decision can save clients significant amounts of cash.
VAT Review and file service
We also offer a quarterly VAT review and MTD-compliant filing service; we typically log on to clients’ cloud bookkeeping portal (or request their spreadsheet back-up where applicable) to review their records ahead of their VAT deadline, making suggestions along the way. In many cases, we also submit the quarterly returns digitally on their behalf.
As part of our service, we prepare limited company tax returns and file them online with HMRC using iXBRL tagging. At the year-end, we also report to you your corporation tax liability, along with the key dates that it is due.
Of course, this is normal fayre for accountants, however, at Leon & Company, we always add value by ensuring your corporation tax liability is kept to a minimum. This is achieved by forward planning, claiming relevant tax elections where possible, and also ensuring that you understand all factors in your business which could be used to reduce tax.
Many taxpayers and business owners will have their affairs scrutinised at some point by HMRC. This can range from a small, aspect-enquiry (looking at one aspect of your tax affairs) to a full-blown tax investigation.
At Leon & Company, we are equipped to manage such HMRC enquiries. To give our clients peace of mind, we offer a fee-protection scheme which covers our professional fees should such a qualifying investigation crystallise.
We also prepare personal tax returns for clients, and file them online with HMRC. As part of this, we will prepare P11D (benefit-in-kind) returns, where applicable to the taxpayer. Our personal tax service includes more specialised areas such as capital gains tax, Inheritance tax (IHT) and other more specialised areas.