Taxation

As your tax advisors, we partner with you to achieve optimal tax efficiency and ensure you pay the minimum tax required by law.

We navigate the complexities of the tax landscape to ensure you remain fully compliant while maximising your after-tax profits. Through clear communication and a deep understanding of your business, we help you make informed decisions and develop tax-efficient strategies that keep more of your hard-earned money in your pocket.

Corporation tax services

Don't let Corporation Tax Self Assessment (CTSA) become a burden on your business. WJB Finance understands the challenges faced by owner-managed businesses. We offer comprehensive support to ensure you navigate CTSA efficiently and remain fully compliant with tax regulations. Our team takes care of everything, from meticulously preparing your corporation tax return and calculating your exact tax liability to guiding you through quarterly instalment payments. By partnering with WJB Finance, you can free up valuable time and resources to focus on running your business. Furthermore, our expertise allows us to minimise your risk of penalties and audits, while effective corporate tax planning strategies can significantly improve your bottom line.

Personal Tax (including sole-traders and partnerships)

We are specialists in income tax, capital gains tax and inheritance tax.

Self Assessment

We understand the complexities and potential pitfalls of Self Assessment. We have the expertise and software to take the headache out of the form-filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax and the planning opportunities available to you. Over recent years HMRC have increased the penalties for failing to file a return on time and for errors. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.

Personal tax planning

Everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. Our specialist tax team can provide you with year-round advice on all aspects of personal taxation.

Estate planning

While planning for the future can be difficult, creating a well-defined estate plan ensures your wishes are carried out and your loved ones are protected.

Few of us like to think about dying; however, the relevant legislation requires us to plan well in advance. This means making the necessary provisions now. There are many tax opportunities available and the earlier arrangements are made, the greater the chance of taking full advantage of our complicated tax system.

It is important when planning to transfer an estate that adequate provision is made and getting the right balance requires considerable skill and foresight – along with a detailed knowledge of the current tax regime.

At WJB Finance, we understand the complexities of navigating the tax implications of estate transfers. Our discreet and comprehensive estate planning service empowers you to:

• Maximise Inheritance Benefits: We help you leverage available tax opportunities and exemptions to minimise the tax burden on your beneficiaries.
• Strategic Planning: Our team works closely with you to develop a personalised plan that optimises lifetime transfers between family members and ensures a smooth transition of assets.
• Specialised Expertise: We possess in-depth knowledge of estate planning for agricultural or business property, trusts, and life insurance integration.
• Peace of Mind: By creating a clear and comprehensive plan, you can ensure your legacy is protected and your wishes are fulfilled, giving you and your family peace of mind.

Trusts

In addition to comprehensive estate planning, we offer specialised expertise in trusts. Trusts provide a highly tax-efficient way to set aside assets for future beneficiaries, minimising the impact of inheritance tax. Our team can guide you through the process, from selecting the most suitable trust type to meet your specific goals to establishing the trust itself. Furthermore, we offer a full range of accounting services specifically tailored for trust management, ensuring the smooth and efficient administration of your trust for years to come. By incorporating trusts into your estate plan, you can safeguard your assets for future generations while minimising the tax burden on your loved ones.

VAT

The world of VAT regulations with ever changing regulations and growing demands from HMRC can be a significant administrative burden. At WJB Finance, we help businesses navigate the complexities of VAT compliance with confidence. Our VAT specialists can assist you in a multitude of ways:

• Streamlined Registration and Planning: We guide you through the VAT registration process and develop a customised VAT plan to optimise your tax efficiency.
• Choosing the Right Scheme: We analyse your business structure to recommend the most suitable VAT scheme, minimising your administrative workload.
• Comprehensive VAT Management: Our team provides ongoing support with VAT control and reconciliation, ensuring accurate records and minimising errors.
• Effortless VAT Returns: We take the stress out of completing your VAT returns, guaranteeing they are filed on time and comply with all regulations.
• Proactive Dispute Resolution: We proactively identify potential issues and develop strategies to minimise future problems with HMRC. In the event of disputes, our team can represent you during negotiations or VAT tribunals, protecting your interests.

HMRC Investigations

A potential HMRC investigation can be a daunting experience. We understand the stress and worry this can cause. Our team of experienced tax professionals can provide expert support and guidance throughout the process. We can help you navigate any HMRC inquiry, from individual tax return queries to more complex corporate investigations. Whether they are enquiries into an individual’s Tax Return, more detailed enquiries into a company’s affairs or employer-related investigations into PAYE and P11d compliance. If you the subject of an investigation. Our knowledge and expertise ensure you are fully informed and represented throughout the process.