chartered accountants + business advisors tax …...chartered accountants + business advisors ”...
TRANSCRIPT
we go beyond the numbers
straight talking, never without heart...
TAX NEWS
SUMMER 2020
Chartered Accountants + Business Advisors
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BUSINESS TAXSERVICES“ Our team of 11 Business Tax specialists has been carefully built into a strong multidisciplinary team handling a wide variety of tax compliance and complex advisory work for our clients as well as other professional firms.
The key elements of our service are:
R&D Tax ReliefOur Tax team knows exactly what qualifies for R&D Tax relief, so we can offer you the best advice on how you can financially make the most from your brilliant ideas. We’ve worked with 100’s of businesses to bring them valuable tax reductions or cash back on R&D projects.
Property Capital AllowancesOver 50% of commercial property owners have not made a capital allowances claim. Are you one of them? With up to 40% of a building being eligible for tax relief, this is the time to talk to us and ask if you are eligible to claim. We have a team of capital allowance specialists, including a RICS qualified surveyor who will take the burden away so you can focus on your business.
VAT & CUSTOMS DUTIESOur experienced VAT and Customs Duties team provides specialist consultancy advice, not just the standard VAT registration and compliance services. Saving clients millions of pounds of VAT and ensuring costly VAT errors are eliminated before they are submitted. In the last year our team have saved clients more than £1m from VAT disputes alone.
We have a particular focus on partially exempt businesses, property, charities and businesses dealing in the import and export of goods and services
Our Business Tax team have all the breadth and depth you’d expect from a specialist tax team. We look after a range of clients from large and complex corporate groups to non resident companies, partnerships and sole traders. We are advisory focused and able to advise on complex areas...
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Your professionalism and detailed knowledge supported by the detailed preparation you had made were exemplary. Delighted and hugely reassured to have you as our advisor.James Corr - DirectorYorkshire Ventures (Real Estate) Limited
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Employment taxesOur team can help you with a range of tax support for employers in areas like benefits and expenses, P11D and PAYE Settlement Agreement compliance, salary exchange arrangements, employment status (Off Payroll Working/IR35) and termination payments.We regularly advise business owners on how to extract their profits, which includes modelling tax efficient combinations of
Share incentivesOur team are specialists in helping companies grant tax efficient share options like the Enterprise Management Incentive (EMI) scheme. We can help you identify if you’re eligible for an EMI scheme, quantify the associated corporation tax relief and explain the tax efficiencies for your employees. We’re ready to listen and support you through the process including working through the design of the scheme and what options are available.
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BUSINESS TAXSERVICES
salary, dividend and pension contributions – factoring in succession planning and introducing family member shareholders.
G+E are a critical part of our team when we look to acquire new commercial property investments especially in terms of tax advice during our pre-acquisition due diligence. We have been working with their capital allowances team now for a number of years and have had some fantastic results and savings for our investors. Ed Harrowsmith - Director - Helmsley Group
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By combining our Personal Tax and Wealth Management teams, our Private Clients service provides holistic, joined up solutions - covering personal tax compliance, tax planning and financial planning. We collaborate with you to understand your individual ambitions and develop tax and financial advice to help you achieve them - not just short term tax efficiency, but growing and preserving your wealth for the future.
The key elements of our service are:
Personal TaxOur comprehensive Self Assessment compliance service helps you understand your tax affairs and meet all filing and payment deadlines. Our team of consultants advise in all the key areas - Inheritance Tax, Capital Gains Tax, Property taxation, Residence and Domicile matters and more. We also cover all aspects of Trust and Estate planning, provide Wills reviews and offer a registered Probate service.
Wealth Management Our G+E Wealth Management team provide a full range of independent financial planning services, including pension and investment advice and cash flow modelling. Whether you want to review and consolidate your various pension pots, put a plan in place to retire by a certain age, or need peace of mind that you have sufficient assets and income in retirement whilst minimising Inheritance Tax exposure, our services cover it all.
PRIVATE CLIENT SERVICES
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“ I have found the level of service highly professional, backed up with first-rate advice. G+E have given myself & my family peace of mind & confidence that our tax & personal business affairs are being handled by the best.Steven Boyes (COO, Barratt Developments Plc)
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Trusted advisors to individuals, families and business owners, our Private Clients team of 30 dedicated professionals includes both Chartered Tax Advisers and Chartered Financial Planners, working together to give you peace of mind that your tax and financial needs are always taken care of. ”
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LATEST BLOGS
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Your go to place for all things COVID-19
Relax knowing our Award Winning Tax team have got your back. We’ve created a Tax Top Tips guide highlighting the number of ways that tax could help your business through this period. Read more...
Accelerate your cash flow with R&D tax relief
As cash becomes increasingly tight due to the Coronavirus Pandemic R&D tax relief is a great area to help businesses access cash quickly, often as quick as 28 days from application submission! Read more...
Go electric - changes to company car tax from April 2020
All zero emission (electric) company cars will benefit from 0% company car tax in 2020/21. Not only is the taxable benefit lower than an equivalent petrol or diesel car, but there are other associated tax breaks available like car charging ports and 100% capital allowances etc. Read more...
New Tax Year Figures
As we move into the 2020/21 tax year all of your useful tax facts and figures can be found in our Tax Card. Read more...
LATEST BLOGS
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Thinking of ceasing trading? The Liquidation / ending your business blog
At Garbutt + Elliott we are focused on trying to help our clients come through this difficult period of trading, but it’s an unfortunate fact of life at the moment that some business owners will decide to cease trading. There are different ways of doing this, and different tax outcomes for you to consider. Read more...
Significant changes to Capital Gains Tax coming in 2020 for Landlords and Homeowners
A number of changes to the Capital Gains Tax (CGT) regime came into effect on 6 April 2020. These affect both the timescale for reporting property disposals and paying any tax due, as well as the amount of CGT relief available when selling a property that has been used as a main residence. Read more...
Have you given shares or share options to employees during the last tax year?
The deadline for your Form 42 submission is 6 July 2020 for the tax year ended 5 April 2020. Form 42 is a HMRC return which is required each tax year to record shares or share options issued during the year to employees / directors or their family members. A similar return is required for EMI share options. Read more...
WINNERS!!WOW! Our amazing tax team at Garbutt + Elliott have just won Best Tax Practice in a Regional Firm at the Tolley’s Tax Awards!
The judges said that our team demonstrated “all round excellence with a strong commitment to businesses in their local area and to the profession as a whole”. Those words mean a lot - we strive to make a difference to our clients, our local community and to our profession.
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Well done to the whole team. You are all fantastic at what you do.
Becky Maguire - Business Tax Partner G+E
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OUR BUSINESS TAX TEAM
email: [email protected]: 07483 066822
PARTNER
BUSINESSTAX
BECKY MAGUIRE
ANGELA MIKOLASENIOR TAX [email protected] 068226
ZOE FLANAGANSENIOR TAX [email protected] 068138
KAREN SADLERBUSINESS TAX [email protected] 064091
NAVEEN SAHNEYVAT & CUSTOMS DUTIESADVISOR [email protected] 068114
JAMES WRIGHTSENIOR TAX [email protected] 068201
JOHN LOW BUSINESS TAX [email protected] 531 0785
BETHAN HUGHES BUSINESS TAX [email protected] 064090
ALEX MILLAR SENIOR VAT CONSULTANT [email protected] 066752
email: [email protected]: 07796 958372
email: [email protected]: 07703 714823
DIRECTOR
BUSINESS TAX
STEVEN HOLMES
DIRECTOR
BUSINESS TAX
ROB DURRANTWALKER
We knew about R&D tax credits but until we appointed Garbutt + Elliott we were unaware of how to access the repayments. The team made the process very simple for us, provided excellent advice and guidance, and the results have been brilliant.
Jim Ibbetson – Managing Director, Workhaus and Glasshaus
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”G+E’s dedicated
Business Tax Team...We’re here for you...
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OUR PRIVATECLIENTS TEAM
email: [email protected] phone: 07711 768628
email: [email protected]: 07483 066771
PARTNER
PRIVATE CLIENTS
NIGEL SHAW
DIRECTOR
PRIVATE CLIENTS
RICHARD WHITELOCK
JASMIN SYKESPRIVATE CLIENTS [email protected] 464150
ROBERT PEELPRIVATE CLIENTSSENIOR [email protected] 273 9603
PAUL BRIGHAMPRIVATE CLIENTS [email protected] 464109
ISCA WATSONPRIVATE CLIENTS [email protected] 273 9618
IAN DRAKES PRIVATE CLIENTS [email protected] 066760
LINDSAY BAYLISS PRIVATE CLIENTS [email protected] 464120
MESHAAL ANSARI PRIVATE CLIENTS ASSISTANT [email protected] 819 4029
ADAM WINGROVEPRIVATE CLIENTS [email protected] 464146
FRANCES BUCHANANPRIVATE CLIENTS ADVISOR [email protected] 273 9604
G+E’s dedicated Private Clients Team...We’re here for you...”
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Garbutt + Elliott have managed our personal tax affairs with efficiency and professionalism for more than 15 years. This long-standing relationship has allowed our team at Garbutt + Elliott not only to take care of annual compliance for us but also to be a key part of our trusted adviser team for longer term financial goals and future plans. As a result, Garbutt + Elliott understand our financial position and aspirations as well as we do. David Watson”
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York 01904 464 100 I Leeds 0113 273 9600 garbutt-elliott.co.uk I [email protected]
straight talking, never without heart...