Additional services
Here are some of the additional services that we offer:
A second personal income tax return
A personal tax return of the principal director is provided in our monthly service. Should a second or third personal tax return be requested for a spouse, partner or second director (employee) of the monthly client, we will enter into a separate arrangement with the individual concerned and complete a personal tax return and submit this on-line to HMRC.
Company dissolution or winding up
When a contractor plans to return to full time employment, with no intention to resume trading in their company in the foreseeable future, or upon a contractor’s eventual retirement from employment, we will assist with the Company’s dissolution or winding up. We will review alternative options to reflect the cessation of trade and offer advice on the most appropriate course. This will include consideration of the tax position of the various shareholders for whom we act and routine tax advice for this transaction
Advice on a non-trading or dormant business
During temporary periods some businesses become non-trading or dormant and have no activity, but the shareholder does not wish to formally close the business. In these circumstances we explain the implications of this action and advise on the steps necessary to make HMRC and companies House aware.
Past accounting requirements when switching to InTouch
If you switch from an existing contractor accountant part way through your financial year, or join us after your current year has ended there may be some “arrears” work necessary for earlier periods. We can assist in the preparation of earlier years accounts, and can take over from your previous accountants very easily. Depending on when you decide to change we will determine if this can be included in the monthly fee. If a year end has already passed this will be outside of the Monthly service.
Second company accounting
Some of our clients have second companies that have rental or lettings income from property or other investments within them or they only require us to produce year-end accounts, outside of the monthly system. Whilst these are not very common we respect our clients preferences to have only one adviser and undertake to produce a set of accounts and taxation returns as requested. These accounts are produced outside of the secure portal.
Tax advice on issues prior to joining InTouch
If you require assistance in dealing with HMRC regarding a tax enquiry into a period or periods prior to our appointment, we are able to assist in these negotiations. In certain circumstances where the complexity requires we will refer the matter to one of our business partners with sufficient relevant experience.
Share structure and tax planning advice
Complex share structure and other tax planning advice is available upon request as are other forms of more complex income tax and company tax planning.
For details on the pricing on any of the above view here or contact us for an individual personal assessment of your specific needs.
