There’s an unspoken truth when it comes to tax advice: for business owners, there’s lack of transparency from advisors over what tax advice is.
As a result of this, you may be feeling like you:
- Don’t know what to expect from your accountant
- Don’t know if you are getting all the advice you need
Tax advice is an incredibly complex area that hasn’t been set out as a universally defined and priced service, unlike bookkeeping.
If you need bookkeeping support, your accountant will ask you several questions about your business needs and give you a price based on the requirements of delivery.
Tax advice should be this straightforward and we’re really pleased to say that, due to our work with Diagnostax, it can be!
Three types of Tax Service
We’ve devised a way to define our tax services to make them even more transparent and clear for our customers, and us too!
Our Tax Services are broken down into three areas:
- Tax compliance
- Tax advice
- Tax planning
Tax compliance
Helping you pay the right amount of tax that’s due, your year-end accounts and tax return.
Tax advice
Delivery of specific work or planning to improve your tax position, to make a future saving, or get cash back into your business e.g. making an R&D Tax Claim.
Tax planning
Helping you plan, reviewing your overall affairs, motives and applying tax legislation, as well as helping you see where you’d benefit from advice in the future.
What about tax consultancy?
Most accountants will have a tax compliance service that is priced or built into their accountancy package services; with tax advice delivered and charged for as and when a situation arises.
Tax consultancy though? This is a bit of an unknown. But it’s where the most value sits for you as a business owner. We can help your business with a Tax Diagnostic Review, which will help you clearly see where you can maximise your tax saving opportunities.
Need tax advice?
We recognise that tax requirements are different for every business owner and that at each stage of a business’ lifecycle, there are different services to consider. So, we’ll take the time to understand your business needs inside out.
If you’d like to have a chat with us about our tax services and find more about what you could be doing, get in touch!
