Tax FAQs

I need help completing my Tax Return

Tax returns can be highly complex, especially when your circumstances are anything but basic. Even the receipt of bank interest can complicate matters, and making mistakes can prove costly, with penalties payable, together with interest where applicable.

You can get help and advice, including a full Tax Return completion service from your local HW Chartered Accountants office.

For more advice on this subject, you should contact your local office. Please choose another question to continue, or feel free to view the rest of the site.

Is there a budget summary with the tax tables available?

Yes. HW Chartered Accountants provide a free up-to-date budget summary, together with a detailed pre-budget report and a fully indexed budget archive to help you find the information you need. If you need any further advice, contact your local office.

How much corporation tax will we pay?

This is dependent on the profits made by your company, and the period that those profits were made. You can use our on-line budget archive to review the allowances and tax percentages in place for your business, or talk to your local office to find out more.

Do I need to pay Capital Gaines Tax? (CGT)

This is entirely dependant on the property or items being disposed of, who they are being given to, and what value they are being disposed at. Other considerations include the amount of tax you should pay, and HW Chartered Accountants can help to minimise this liability using our knowledge of CGT legislation. Talk to your local office today for more advice.

How can I keep track of all the filing dates and deadlines?

HW Chartered Accountants provide a useful Diary Dates system for keeping track of deadlines, thus helping to reduce the risk of penalties, fines and interest charges.

I'm being investigated. What should I do?

First of all, don't panic. An investigation can often be solved by simply answering HM Revenue & Customs (HMRC) enquiries in a professional manner. If you are at all worried, contact us immediately and we will be more than happy to help out.

HW Chartered Accountants have a team of highly skilled tax experts at our disposal, and we try to smooth the path for HMRC when investigations are instigated. This way, the work required is often minimal, and HMRC get the answers they require.

In the mean time, we recommend that you speak to a qualified tax specialist as soon as possible. The sooner this is done, the sooner the investigation can be finished!

Can I obtain insurance against investigations?

Investigation Insurance is available for clients of HW Chartered Accountants and is extremely good value. Many investigations involve extensive work, and in these circumstances, it is not unheard of for fees to be in excess of two thousand pounds or more.

For more information please contact your local office.