Practical tax advice for individuals, company directors and owner-managed businesses. From profit extraction and CGT to HMRC enquiries, Regulation 80 disputes, COP9 and tribunal representation.
At Taxwise, tax is not an add-on to accounts preparation. It is a core part of what we do.
We advise individuals, company directors and owner-managed businesses on a wide range of tax issues, from everyday planning through to complex HMRC disputes. Our background is tax, so we look beyond the figures and consider the wider position.
That means looking at how profits are extracted, how income is taxed, how transactions are structured, what HMRC may challenge and how to deal with problems before they become expensive.
We look at the company and the individual together, because the best answer is rarely found by looking at one tax in isolation.
We advise on salary, dividends, pension contributions, benefits and directors' loan accounts so money can be taken from the company sensibly and tax-efficiently.
We help companies understand their corporation tax position, identify planning opportunities and avoid treating company tax as something to think about only after the year end.
Tax advice has to fit the real business. We consider the facts, the people involved and the commercial reality before suggesting a structure or planning route.
We also advise individuals, landlords, directors and higher earners whose tax affairs need more care than a basic online filing service.
That can include capital gains tax, residential property reporting, rental income, dividends, pensions, investment income and other issues that need a proper review.
We do prepare self assessment tax returns, but we are not really aiming to be the cheapest option for very basic return-only work.
We are better suited to directors, landlords, higher earners and individuals where the return needs to be prepared accurately and the wider tax position needs thought.
If there is a capital gain, a property disposal, dividend income, pension planning or a messy HMRC position, that is where proper tax knowledge matters.
When HMRC raises a query, the first response matters. We help clients understand what HMRC is asking for, what evidence is needed and whether HMRC's figures or approach can be challenged.
We can review HMRC correspondence, identify what is being requested, gather the relevant evidence and prepare a clear response.
We can help with PAYE and NIC determinations, Regulation 80 and 81 issues, employer compliance matters and cases where the underlying calculations need to be challenged.
Where a matter is more serious, we can help clients understand the process, organise the evidence and prepare a careful response. Where specialist legal input is needed, we work alongside solicitors or counsel.
Not every dispute can be resolved by correspondence. Where a formal appeal or tribunal hearing is needed, we can help prepare the tax analysis, evidence and arguments needed to present the case properly.
We are not solicitors, but we can represent clients at tribunal in appropriate tax cases. If the matter would benefit from specialist legal input, we can work alongside solicitors or counsel while continuing to deal with the tax analysis and evidence.
Our approach is straightforward: understand the facts, test the figures, identify the legal and practical arguments, then put the case forward clearly.
How money is taken from a company, how a transaction is documented, how bookkeeping entries are treated and how HMRC has raised an assessment can all change the tax outcome.
Good tax advice starts with the facts. We take time to understand what has happened before jumping to a generic answer.
Documents, calculations, accounting entries and correspondence can all matter. We look at the detail before giving a view.
The advice has to work in the real world. We focus on what is technically correct, commercially sensible and clearly explained.
No. We advise companies, directors, landlords and individuals, particularly where the tax position needs more care than a standard return.
Yes. We can review the correspondence, explain what HMRC is asking for, assess the figures and help prepare a response.
Yes. We can help review PAYE and NIC determinations, consider whether the figures are correct and advise on appeal routes, evidence and disclosure.
Yes. We can advise on CGT calculations, property disposals, share disposals and 60-day residential property reporting.
Yes, in appropriate tax cases. We can prepare the tax analysis, evidence and arguments and represent clients at tribunal where suitable. Where legal input is required, we can work alongside solicitors or counsel.
We do prepare personal tax returns, particularly for directors, landlords and individuals with more complex affairs. We are not usually the best fit for very basic, low-cost tax return-only work.
Whether you need planning before a transaction, help with profit extraction or support with an HMRC dispute, we can review the position and explain the next steps.