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New business advisory service

The last thing you need when you are starting out in business is to worry about what you are probably not doing on the administration front. It is important. As there are penalties for failing to notify the relevant Crown Authorities, let us relieve you of the strain during your first months of trading. It will free you up to get on with the task of building your new business. We can also make sure you gain the best tax advantages available. It is often a fact that too many businesses start up without paying any attention to even the most basic of tax planning opportunities. Let us advise you on whether you would be better trading as a company, partnership or sole-trader. Don't miss out on the tax breaks that exist to help new businesses succeed

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Traditional audit and accounting services

We offer a complete audit and accounting service from basic book-keeping right through to company financial statement production for filing at Companies House. The Inland Revenue and HM Customs and Excise are making increasing demands on businesses to produce more detailed accounting records. We are there to help you produce reliable and accurate accounting records with the minimum of fuss, so that you can fulfil your stautory duty of keeping proper account of your business affairs. If you want to spend less time preparing accounts, and more time on managing your business - then talk to us to see how we can help. You will be surprised what we can achieve.

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Personal taxation and making tax returns

It is a common misconception that individuals only have to submit a self assessment tax return, if they receive one from the Inland Revenue. All individuals have a legal obligation to notify the Inland Revenue about any taxable income they receive during each tax year ending 5 April.

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Small business taxation

We are becoming a nation of successful small business entrepreneurs. If you are one of them, make sure you receive the best advice about improving your tax position. To do so, requires you to keep tabs on your financial position and profitability throughout the year. You must be thinking at least 18 months in advance for basic Income Tax planning, and several years for Capital Gains Tax. Don't lose out personally, just because you didn't know you could make certain elections that might delay the date at which tax may fall due, or even reduce the amount payable. It's often too late if you approach a tax adviser after the event.

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VAT and Payroll

VAT and payroll are subject to an unbelievable level of minor regulation that taken collectively can add significantly to the amount of tax paid each year. It will certainly require you to spend more time each week trying to get to grips with understanding how it all applies to you. The scope for getting it wrong is enormous. Alternatively, you could let us take the strain. We offer competitive out-sourcing services that will relieve you of much of the worry about preparing the necessary transactional records and making those annual and monthly returns. The Inland Revenue and Customs and Excise now work more closely together, and compliance visits are becoming more frequent. If your business innocently fails to comply with what you should be doing, then you may face back-duty assessments you may have difficulty in paying. We keep you informed of the latest changes in regulations through this website. We also work with you to ensure you minimise the risk of you doing something you shouldn't be, or just as importantly not doing something you should be.

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Capital Gains and Inheritance Tax planning

The rules surrounding these two specialist taxes are complex and require careful planning if you are to minimise your eventual tax liabilities. If you are in the fortunate position of either acquiring or disposing of personal assets (e.g. company shares) that are subject to Capital Gains tax, then talk to us before the event. It is nearly always too late if you seek advice after the transaction has been completed. Few individuals plan early enough for the inevitable event that may create a liability to Inheritance Tax. With the cost of housing driving up the value of estates to within reach of the exempt tax thresholds, even individuals with quite modest incomes over their life, can fall within the scope of Inheritance Tax. A little planning can go a long way to mitigating the effect of Inheritance Tax.

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Company formations and company secretarial services

Forming a company is easy and inexpensive. It is even easier to get it all wrong, which will become expensive! We offer a comprehensive and professional company formation service, that doesn't stop at the point where we hand over a set of incomprehensible documents. If you need advice about what you are required to do in forming and running your company, then talk to us. We will get it right. successfully minimise your final tax liability.

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Business acquisitions and disposals

Thinking of buying or selling a business? Then this is one time when you will really benefit from professional accounting and tax advice. Talk to us first. There are many pitfalls to be avoided, if you are to successfully minimise your final tax liability.

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IT consultancy

If you are thinking of buying any accounting software, including payroll, then talk to us first. We are in a position to offer impartial advice, and even direct you to suppliers that may save you money.

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ARTAG Aktiengesellschaft

ARTAG Aktiengesellschaft have offices in Lemgo, Minden and Bad Salzuflen within easy reach of Hannover and Dusseldorf. Our associate offers a full range of technical services to help you begin, or develop your existing operations in Germany. The benefits to your business of having an English speaking professional adviser in Germany, linked to this firm, are obvious. The German business tax system does differ to the one you are familiar with here in the UK, and compliance is absolutely essential right from day one. ARTAG can also provide practical help and advice on local commercial customs, which can make all the difference to your success. Our relationship with ARTAG is founded on the experience of serving a number of international clients over the past few years. Let us help you if you are thinking of venturing into the German market. For more details about the services ARTAG offer visit www.artag-gruppe.de, or talk to us directly.

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