Save On Tax, Free Up Cash.
TAXES ARE NOT SIMPLE
Having proper advice and guidance when it comes to tax, cannot be overstated enough.
As a business owner, it's wise to make use of tax planning strategies, be compliant and don’t pay any more tax than you need to. We have a highly experienced team (including an ex HMRC Tax Inspector) who will help you identify opportunities to reduce your tax bill and make your business more profitable. Ultimately, our job is to ensure that you reap the rewards of your hard work whilst still being compliant, our talented team of tax advisors will help you do just that.
OUR TAX PLANNING SERVICES
Our dedicated team of tax professionals have extensive experience in all areas of tax, including the following:
Share Schemes are a great way to award and incentivise employees, directors and non-executives. We can help with the paperwork to ensure it is done in the most tax efficient manner.
Our Tax Protection Service takes the sting out of tax investigations. This service is backed by an insurance policy we have taken out in our own name. It is our policy to recommend this option to you, but it is NOT compulsory. We will continue to act in your best interests in the event of an enquiry, irrespective of whether you choose the fee protection services or not. Prices start from as little as £110 per year.
Let Property Campaign
If you’re an individual landlord renting out residential property and you think you may have under-declared or not declared your rental income you should definitely consider using the Let Property Campaign. The Let Property Campaign gives people an opportunity to bring their tax affairs up to date if they are an individual landlord letting out residential property in the UK or abroad, and to get the best possible terms to pay the tax they owe. Should you require support, our tax team which includes ex HMRC staff are extremely experienced in dealing with tax issues involving making disclosures.
SEIS or EIS
We can help you set up your business in order to secure investment through the Enterprise Investment Scheme (EIS) or Seed Enterprise Investment Scheme (SEIS). We will advise you on the requirements of the scheme, check that your business meets all of the criteria and explain how you can enhance your business investment proposition. Our team of tax advisors will take away the headache of the set-up process, dealing with all paperwork and even getting advanced clearance from HMRC to ensure you qualify.
We work closely with a number of leading tax counsels and are able to help you implement non-aggressive tax planning structures to keep your tax bills to a minimum. These concern, corporate tax, personal tax, Capital Gains Tax, SDLT and Offshore and domicile.
Research & Development (R&D)
This incredible tax relief is here to encourage innovation by large companies, SME's and start-ups across a wide variety of sectors. Despite the benefits, it is still thought that lots of companies are missing out. We're here to help you discover whether your company qualifies for R&D tax credits and to support you through the process of submitting the claim.
WAKE UP TO THE BENEFITS OF R&D
While HMRC statistics show many industries in the UK are waking up to the benefits of R&D tax credits, the potential is far greater.
Numerous businesses are either not aware of R&D tax credits, incorrectly believe that they do not qualify or feel that they lack the necessary experience to submit a claim.
Many companies are not claiming or not maximising their full legitimate entitlement, yet they are conducting qualifying R&D activities for R&D tax relief purposes on a daily basis, without even realising it. What may seem as typical day-to-day challenges in the office may qualify, and if they do – it is an incredibly quick way to plug some cash back into your business, at a time where you need it most.
At Raffingers, we submit around 100 claims each year and, to date, we have a 100% success rate so receiving tax repayment notifications is quite a common event. Since 2015 we have identified qualifying R&D expenditure for clients in excess of £30million pounds and have also secured R&D tax savings and repayments for clients in excess of £5million pounds.
Through regularly reviewing your business and its activities we are able to assess if you qualify for an R&D tax relief claim. During this process we also discuss your goals and future eligibility for the releif. We then take care of the preparation and submission of the R&D claim and will deal with any questions raised by HMRC.
If you'd like to find out more, click here to watch our R&D webinar
TAX HELP SHEETS
- Employee Ownership TrustsAn EOT is a special form of employee benefit trust introduced by the Government in 2014 to encourage more shareholders to set up a corporate structure similar to the John Lewis model. In this guide we have explained how a sale to an EOT works.
- R&D for Architect
- R&D for Biotechnology
- R&D for Construction
- R&D for Digital Media
- R&D for Engineering
- R&D for Manufacturing
- R&D for Printing
- R&D for Telecommunications
- R&D for Waste Management
- R&D Software and IT
- Business Tax Planning Strategies
- Personal Tax Planning Strategies
- Making Tax Digital
YOUR TAX CHAMPIONS
Tax planning is always at the forefront of our minds when meeting with clients and reviewing businesses and we can help with restructuring and succession planning for family businesses. We understand that dealing with the UK tax regime can be complex and confusing, but we are here to guide you through your obligations whilst always being alert to the possibility of tax savings.
Neill started his tax career by joining the Inland Revenue in 1981. He spent 23 years in the department mostly as a senior Investigator before leaving HMRC to become a senior tax advisor in several large practices. He joined Raffingers in June 2015 and helped transform the tax department into a specialist team with particular expertise in HMRC enquiry work, Let Property Campaigns, Research & Development and tax planning.
Neill is an acknowledged expert in dealing with all kinds of HMRC enquiries including Code of Practise 9 fraud cases, full and aspect enquiries, and over 200 successful Let Property Campaign submissions. He has also dealt with several hundred successful R&D claims securing repayments of over £6m. Neill was promoted to partner in September 2017.
Kulraj joined Raffingers as Tax Senior in February 2018. His qualifications include a BA (Hons) in Accounting & Finance and he is ATT qualified. He is currently studying towards the CTA qualification.
Michelle started working at Raffingers in January 1998. Michelle is AAT qualified, and volunteers for The Raffingers Foundation, helping to raise money for The Alzheimer's Society and Pancreatic Cancer.
Savvas started working at Raffingers in July 1995, previously he worked in his family business for nine years; however decided to utilize his Accounts and Tax Qualifications and take a chance at something different!
Shaina began working at Raffingers in June 2015 and her qualifications include a BA (Hons) and ATT. As our Tax and Probate Specialist, Shaina has been working closely with clients to help them to understand the figures, ensure they aren't paying more tax than they need to and, to handle the probate process.
Reece works in the tax department as a tax assistant. His role involves preparing personal tax returns, offering tax advise and corresponding with HMRC on the clients behalf.
THE RAFFINGERS HUB
We love to talk business and will continue to share with you our business advice and tax planning strategies, helping you to get the most out of your business and your personal finances.
- Employee Ownership Trusts
An EOT is a special form of employee benefit trust introduced by the Government in 2014 to encourage more shareholders to set up a corporate structure similar to the John Lewis model. In this guide we have explained how a sale to an EOT works.
- Tax Considerations When Renting Out Your Holiday Home
A holiday home is a dream for many people. For those lucky enough to actually be able to invest in their dream holiday home, the question is often “to rent or not to rent?”. We summarise the tax considerations if you decide to rent it out.
- What Does The Rise Of National Insurance Mean For Employers And Employees?
The government recently announced that there would be an increase of 1.25% to National Insurance, from the 2022/23 tax year. We look at how these changes will affect employers and employees differently, and assess any tax allowances available.
- What's Going On With Making Tax Digital?
Making Tax Digital (MTD) was first introduced in April 2019 for most VAT registered businesses with turnover exceeding the VAT registration threshold of £85,000. We look at all of the requirements and criteria of MTD, that are fast approaching.
JOIN THE RAFFINGERS TRIBE
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