No-one likes paying taxes but everyone must. Our personal and corporate tax teams can call on a wealth of experience to assist with all tax matters. We provide a comprehensive range of services from tax planning to tax compliance, for both businesses and individuals.
The aim of the tax planning process is to reduce the client’s tax burden and make the most of tax incentives available – to conserve valuable resources, whether corporate assets or personal wealth. Our tax advice is innovative, commercial, cost effective and tailored to your individual needs.
Tax Planning is not given in isolation but is based on a thorough understanding of our client's circumstances. Only by developing a close relationship with our clients can we ensure that we provide the proactive and personal service which helps us to identify tax-planning opportunities.
We have considerable experience in advising owner-managed businesses where the affairs of the company and its shareholders are so closely intertwined they cannot be looked at separately.
Tax planning initiatives are developed and based on legislative changes and their implications. Our staff give individuals and families the same care and attention to detail that we apply to corporate clients. We prepare an action plan covering matters such as investments, retirement provision and inheritance tax and help in its implementation, meeting clients regularly to review and update this plan. Topical areas covered in the tax planning include the following:
- Business incorporation
- Company purchase of own shares
- Enterprise Investment Schemes
- Capital gains tax and Entrepreneurs’ Relief
- Inheritance tax
- Share option schemes
- The use of trusts
- VAT planning
With the penalty regimes which accompany self-assessment it is vital that Tax Returns are submitted in good time. We use the most sophisticated techniques and computer software to assist our clients in ensuring that reporting deadlines are met and that clients are aware of their liabilities well in advance of these falling due.
If trouble is experienced with HM Revenue & Customs not only is a sympathetic ear needed but also the best advice from people who understand how the departments work and who have gained their respect. At French Duncan we can provide that.
In order to protect clients against random tax investigations by HM Revenue & Customs, French Duncan can provide “Fee Protection Insurance.” This insurance scheme which ensures that clients are reimbursed for the fees incurred dealing with tax investigations, is endorsed by The Institute of Chartered Accountants for Scotland, ICAS.
For more information on any aspect of our Tax Advisory services please contact Ann Somerville