Tax Strategies

We deliver on our promise to help business owners keep more of what they earn and we can offer a vast range of tax planning services.. If you can relate to any of the following scenarios we may be able to significantly reduce your tax liability:

1. Limited Company making profits in excess of £100,000

If you are a limited company making taxable profits in excess of £100,000 you are facing a large corporation tax bill together with a large personal tax liability associated with distributing the profit. We can help distribute the profit without incurring higher rate tax whilst at the same time obtaining a corporation tax deduction. Through flexible planning we can allow you full personal access to the funds.

2. Contractor Earning £30,000 per annum or more

Operating as a limited company and concerned about the implications of IR35?  Paying your wife a wage or dividend – concerned about the impending income shifting legislation?

Are you working under an umbrella arrangement and dissatisfied with the amount you are receiving?

We have solutions to all of these situations that will be of interest to you.

3. Director of a Limited Company with an overdrawn director’s loan account of in excess of £100,000

This in itself creates all sorts of problems, corporation tax due on amount outstanding (repayable once the loan has been repaid), Class 1a National Insurance and personal tax liability.

We can offer you a solution to this problem which will allow you to effectively and efficiently repay an overdrawn director’s loan account – without any impact on business or personal cashflow.

4. Stamp duty mitigation planning for property purchases over £250k (both residental and commercial).

These are only a few of the services that we can provide. We also offer solutions to the problems surrounding Inheritance Tax, Capital Gains Tax and Capital Allowances.  Please contact us for more information.

Early action is vital otherwise it may be too late to participate in one of our schemes.  The process of the schemes are stringent and it is important that they are adhered to. In the run up to the governments Pre-Budget and Budget reports we cannot guarantee that all of the schemes will be available.  Tax strategies are continually evolving so please get in touch to see how we can help you and your business.

If you require further information please contact us on 0207 403 1500

Services

Essential

Gold

Platinum

Tax deductible monthly net fee (ex VAT)

From £85

From £109

From £119

IRIS OpenBooks Online Accounting

Annual accounts and Corporation tax return

Face to face meetingsg

Registration for Corporation tax

Monthly Tax newsletter

Free Ad-hoc advice

Registration for PAYE

Administration of PAYE/NI scheme

Monthly payroll service (including year end submissions)

Company annual return

VAT registration and advice

Personal Tax return

IR35 Contract reviews

Vat Returns

Free Formation of your Limited Company

Changes to directors and company secretary

Changes to directors and company secretary

Additional employees on payroll

Insurance in event of an HMRC enquiry

Registered office and mail forwarding

Pre year end tax review meeting

Client Care – Frequently Asked Questions

At ElanTax we aim to keep our Client Care Service levels as high as possible and want you to let us know if you are unhappy in any way.

Your circumstances and needs may have changed. Legislation and technology are changing constantly. We will help you address the changes required.

Should you feel there is something needing to be addressed then please bring this to our attention via your Account Manager as soon as possible. You can do this by email, letter or a telephone call. We also encourage the use of Skype and Whatsapp.

We will aim to quickly address it and resolve the issue satisfactorily with you.

If you know what you would like to happen to solve the problem, then please share this with us

e.g. I would like you to file my VAT return on time and inform me in advance what needs to be paid and the details of how it can be paid to HMRC on time.

Common Client Complaints

  • Where is my Proposal and Engagement Letter together with the agreed costs?
  • What services are you providing to me or my business?
  • What services are you not providing to me or my business, so I can make alternative arrangements?
  • Who is my Account Manager?
  • Why does it take so long to get my accounts and tax affairs ready?
  • Why have I not had a response to an issue raised?
  • How much tax do I need to pay and when is it due?
  • I need help to understand something that is not fully explained
  • I have not been given access to promised software e.g. Xero, Receipt Bank etc
  • I have been charged for something I had not agreed to or was aware of
  • A filing deadline has been missed and I have received a fine from HMRC
  • Why do I have a penalty for late payment of tax?
  • Why do I need to file at Companies House?
  • My accounts and tax affairs have an error in them – please fix the error?
  • Where are my papers and when can you let me have them back?

We can fix most issues quickly but need you to let us know straight away so we can act on it at a senior management level.