Almost every business pays too much tax. Don’t be that business. With the help of our personal and corporate tax experts, we help hundreds of businesses and individuals save thousands of pounds each year. Saving tax is easy, when you know how.
Compliance is guaranteed
While we’ll almonst certainly save you tax, we won’t lead you astray. We promise to keep you 100 per cent compliant with the tax man, meaning there’s not a whole lot to be worried about (nothing, in fact!). We’re trusted by businesses up and down the country to offer an honest and upfront tax saving service, tailored to you and your business.
For more information in the changes to IR35 click here.
We combine strategy, great service and expert advice to help you save the maximum amount of cash, year after year. Our service also includes succession planning and personal tax advice (such as Inheritance Tax and Will planning) to provide a truly lifelong, future-proof service.
View our Year-end tax planning checklist here.
Property tax is made simple with Howard Worth. Our expert advisors will help you unscramble the property tax minefield, so you can move forward with your purchase or sale in confidence, knowing exactly what you owe, and when you’ll need to pay it. Get plain English, actionable property tax advice from Howard Worth today.
Making Tax Digital (MTD)
Welcome to the age of digital tax. As of 01 April 2019, almost all VAT-registered businesses are required to report and file a digital VAT return online, using ‘MTD-compliant’ software.
Thanks to our Xero Platinum Partnership (which means we’re already pretty good with digital accounting software), we’ve helped our clients quickly get to grips with the new MTD system, ready to file their digital VAT return from day one.
Expect the usual expert help and advice from our Chartered Accountants to help you pay less tax, but with the support of our cloud accounting team to keep you 100 per cent compliant with MTD.
You’re in luck – your cry for VAT help has been answered.
With the support of our brilliant tax experts (who know a little too much about VAT for their own good), we can help your business navigate through the complexities of VAT. Whether you are brand new to VAT, need help with a specific transaction, or are looking to get more from your accountant, look no further.
Leading, affordable VAT advice starts here.
Want to know more about the VAT Reverse Charge Changes – click here.
Research & Development (R&D) tax relief
Looking for a little competitive advantage? Then the R&D tax credit scheme might be for you. Our expert tax advisors will work with you to assess whether the scheme is right for your business, whether you qualify, how it could help you and how much tax you could save.
Interested? Check out how we’ve helped companies similar to yours cash in on the R&D tax relief scheme:
Better materials and improvements to the product and manufacturing process
|A company who manufactures and supplies products for the education of the visually impaired had improved the quality of its paper and the process of manufacturing the paper to be used with tactile technology.|
We identified qualifying R&D activities where they had:
TOTAL SAVINGS: £11,000 over 2 years
Improving biomass systems for domestic and commercial use
|A company that offers a complete range of reliable and high quality renewable energy product solutions supported by unrivalled technical knowledge, service and design capabilities.|
We identified qualifying R&D where they had:
TOTAL SAVINGS: £14,000
The Patent Box allows businesses to apply a lower 10 per cent rate of Corporation Tax to profits from patented inventions and certain other innovations. With the full rate of tax relief now available (as of April 2017), the Patent Box scheme offers an immediate advantage to companies that own or exclusively license patents and have undertaken qualifying development on them.
If you have any questions about the Patent Box scheme and how it could save you tax, please get in touch with our expert team.
For a number of years, dividends offered generous income tax breaks to business owners and shareholders. However, while still very much a tax-efficient option, recent changes have made calculating your most tax-efficient income a little more complicated. For reference, the ‘before and after’ rates can be found below.
|Taxable dividend income*||Tax rate**||Comparable rate in 2015/16|
|Up to £32,000||7.5%||Nil|
|Between £32,000 and £150,000||32.5%||25.0%|
* Total dividend income after £2,000 exemption and any available personal allowance (subject to confirmation in the Finance Act). Reduced from £5,000 in 2016.
** Rate applies to actual dividend received with no grossing-up.
Business owners have two options to consider:
- Plan for an increased tax bill for the current tax year taking into account the increased tax rates and reduced tax-free allowance on dividends.
- Calculate the most efficient way to extract your company’s profits, using a combination of salary and dividends, saving you tax.
If you picked option 2, we can help. Our expert accountants have helped hundreds of business owners just like you to continue taking more money home. Get in touch and start saving today.
Construction Industry Scheme
The Construction Industry Scheme (CIS) is a tax reporting and payment system that is designed to increase revenue collected from the construction industry. Contractors are required to deduct money from subcontractor’s payments and pass it to HMRC as tax.
It includes jobs such as general building services, repairs, refurbishment, decorating, site preparation, alterations and extensions.
At Howard Worth, our expert team understand all of the technical aspects of the CIS, and we work with HM Revenue & Customs regularly to understand what work needs to be undertaken to comply with legislation in the scheme.