At Champ Consultants, we know that tax issues relating to a business are often inter-related with those of their owners. We look to reach solutions which achieve the goals of both.

Tax Planning Working closely with our clients, we explore all avenues and opportunities available under current tax legislation relevant to the client so long as they are not inconsistent with the clients goals and objectives. We can give advice on the tax implications of a diverse range of issues for individuals to large companies. We can also advise on business ventures such as acquisitions and disposals, fund injections and withdrawals.

Self Assessment Tax Returns We can prepare your return on your behalf, and after your approval, send it to the Inland Revenue. We will advise you whether there is a payment or refund due, and by when they need to be made. We shall indicate to you all the strict deadlines now imposed by the revenue so that you do not fall foul to any penalties. As with our tax planning strategy, we will use our experience to identify opportunities for further tax savings.

Corporation Tax We can prepare your return and inform you of when payments are due. We will use our knowledge and experience to identify opportunities for tax savings by the company, as well as planning whether it is beneficial for small businesses to incorporate and thus pay corporation tax rather than income tax.

Inheritance Tax Despite house price rises, less than 10% of all estates pay inheritance tax. Planning is essential so that your beneficiaries are not hit with an onerous tax charge. Our legacies change throughout our lives and so we should review our estate regularly. We can help you review your position and advise on whether your will can be made more tax friendly to your beneficiaries.

Capital Gains Tax Planning Capital Gains Tax has become more complex since recent changes to the tax regime. There are substantial tax savings to be made for gains on large assets held long term, but there is a significant impact on short term gains. Care needs to be taken by owners disposing of their businesses in the next few years. "Bed and breakfasting" for shares and emigration to avoid capital gains tax, once common strategies, have been eliminated and proper tax advice should be sought before disposing of assets, if you wish to keep your capital gains tax liability to a minimum.

PAYE and NIC Advice Our PAYE and NIC service includes full audits of your PAYE and NIC compliance such as employee benefits and employee incentive schemes. One off queries are also welcome. This is basically a health check for your payroll procedures. We can also take the payroll preparation off of your hands to give you more time to grow your business.

VAT Many businesses nowadays have to file VAT returns. Some may find this tax simple to deal with and some may find it a complete burden. However, you want the peace of mind that you are complying completely before that dreaded inspection. With recent case law in VAT, in businesses as diverse as from property to catering, our specialists can advise on the maximum VAT advantage on the transactions and to prevent problems arising.