Taxation
SGP Taxation Services is a specialist practice with particular expertise in personal and capital taxation, with experience both inside and outside of HMRC,IRS and FTA.
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Whether you are planning to expand your business in other countries or to relocate it, you may need to consider many issues as well as a strong international taxation plan strategy. International taxation needs an overall view on the main advantages and disadvantages of local and regional international taxation regulations because this requires a close look at the legal requirements that apply to your business.
VAT
Value added tax is one of the most complex and onerous tax regimes imposed on business- so complex that many businesses inadvertently overpay or underpay VAT.
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The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever rowing demands of HMRC call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay the exchequer more than you need to!
TAX INVESTIGATIONS
Tax investigations are very stressful.
As well as the fear of penalties, there is the threat of damage to business reputation and the potential to lose a business that has been built up over many years. Because most people are unused to such investigations, they are unaware of how they can help safeguard their interests.
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SGP can help with simple HMRC enquiries on matters such as PAYE and Self-Assessment. But we can also help with more serious matters such as Special Compliance Office investigations.
CORPORATE TAX PLANNING
Corporation tax represents a substantial part of your trading costs.
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Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the government.
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We offer a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation.
PERSONAL SELF-ASSESSMENT
The term “Self-Assessment” is proving to be one of the great misnomers of all time.
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Many taxpayers struggle to understand the complex tax returns and complete them correctly. In the first year of the regime alone, 775,000 taxpayers received £100 penalties for failing to submit their returns on time, and some 400,000 incurred further penalties because their returns were still outstanding six months later!
PERSONAL TAX PLANNING
With the tax regime becoming more complex and more emphasis being put on taxpayers’ individual responsibilities.
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Everyone who is subject to taxation needs professional advice and support if they are to optimize their tax position and ensure they meet all the compliance requirements.
RETIREMENT STRATEGIES
Everyone hopes to maintain the same standard of living in retirement as they presently enjoy while working, but to achieve this requires considerable forward planning.
