tax advice
Whether you’re taking your business to the next level or building your personal wealth, tax can often become a major obstacle to achieving your ambitions.
When it comes to tax, our specialist team is dedicated to supporting individuals and businesses save money, time and inconvenience. With decades worth of combined experience across the firm, our extensive knowledge means we are able to advise you on virtually every tax issue imaginable.
Whether you’re an individual, family, sole trader, SME, or something in between, we understand that your challenges, priorities and goals are unique, so we tailor our services to fit exactly what you need.
Business Tax
Every business has some form of taxation to pay and we can help you in whatever area that is, including VAT, PAYE, National Insurance, Corporation and Capital Gains Tax.
Tax For Individuals
Ascentive offers a full tax service for individuals from completing your annual Tax Returns to advising on Inheritance and Capital Gains Tax.
Income Tax
If you are self-employed, a company director, have an annual income of over £100,000, own a rental property or are required to complete a Self Assessment Tax Return we can help. Filling in a form is one thing, knowing what expenses, reliefs and allowances that can reduce your tax is another. Ascentive ensures our clients take advantage of HM Revenue & Customs reliefs and allowances to ensure they pay no more tax than they need to.
Capital Gains Tax
You are taxed on profits made when selling (or gifting) an asset, such as a second home or a business, and you need to complete a tax return to declare the same and pay any tax due. We know the many reliefs available which may help reduce your tax liability, such as rollover/holdover relief and entrepreneurs’ relief. Ascentive can advise on the structure of transactions to minimise your tax liability.
Corporation Tax
A company as a separate legal entity pays Corporation Tax on the taxable profits of the company. Annually a Corporation Tax return needs filing. We look after limited companies and deal with the filing of their Corporation Tax returns and any other queries which may arise to ensure their tax affairs are in order.
Inheritance Tax
Effective IHT planning can help to protect your wealth and minimise the tax liability due on your Estate. At Ascentive we take the time to understand your current financial situation and your anticipated future needs to develop a plan to minimise any Inheritance Tax due.