Business Taxation

Business Taxation ServicesEnsuring you pay the minimum tax

As tax advisers, our objective is to work closely with you to achieve significant improvements in your bottom line, increasing your profits and maximising the amount of funds available to reinvest in the business or to return to the shareholders (if a corporate structure). We will help you to plan ahead and conduct your affairs in a tax efficient way.

Corporation Tax Liability

Under Corporation Tax Self-Assessment (CTSA), the legal responsibility for calculating the corporation tax liability falls on business owners. We understand the issues you face and can prepare tax returns for you.

We will also produce the supporting computations of tax liabilities, advise you of corporation tax payment dates, provide timely reminders as payment falls due and of course be there to deal with HMRC on your company's behalf.

Our aim is to help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation.

Corporate Tax Planning

Strategic planning is important, particularly when changes to the business ownership is about to change. We can help you with your corporate tax planning, our tax planning service can include:

  • Advice on optimum group and shareholding structures.
  • Reviews during the financial year in order to plan expenditure in the most tax efficient manner.
  • Identifying allowances available, particularly those not always immediately thought of, such as capital allowances on the purchase of a freehold property or Research and Development expenditure tax relief.
  • Keeping you advised of developments and changes in legislation - both generally and specific to your industry

Self-employed National Insurance

Are you satisfied that the level of National Insurance you are paying is correct?  Sometimes when an individual is both employed and self-employed, there are errors in the amount of NIC being charged.

Hill Lillis and Company can check your liability, and assist with refund claims or claims for exemptions where applicable.

Capital Allowances

When investing in plant, machinery or other major expenditure on assets for your business, it is important that you make sure you claim the correct allowances to minimise your business’s tax liability.

Depending upon the type of asset and whether it has been selected by HMRC for special treatment (for instance Motor Cars have rules for restricting the tax relief based on the CO2 emissions of the vehicle), you may be able to claim some additional tax relief on your corporate or business tax return.

Hill Lillis and company are able to assist in ensuring you are claiming the all the reliefs that are due in the most efficient manner.

Keep in touch

For more information on the above, please Contact Us or telephone on 0121 384 4222 and we will be glad to answer any questions you may have. Even better, why not book your FREE consultation today, it only takes a minute. At this stage, if you are just looking for an idea of how much our services cost, then please feel free to complete our Request a Quote Form and we will get back to you within 48 hours.

In the meantime, why not follow us on Facebook or Twitter for the latest news that may affect your business or subscribe to our Newsletter for automatic email updates. If you are out and about in the Sutton Coldfield, Kingstanding, Great Barr, Minworth, Erdington, Birmingham or West Midlands area, why not give us a quick call to confirm if we can arrange an immediate, free consultation.