Tax Services

Whether you are a business owner, property owner, entrepreneur, self-employed person, or a company director, we have tax accountants with the exact expertise that you require. By ensuring every client is partnered with a personal tax accountant, we make sure our approach is personal and tailored to your individual needs ensuring you are able to tax efficiently protect your wealth.

Corporation Tax

Whilst everyone knows tax is a charge levied by HMRC on income earned which is liable to be taxed in the UK, filing your taxes and staying on top of deadlines can be complicated.  Whatever your tax status, from needing assistance filing your personal tax return to paying corporation tax on your LTD company’s profits, at FINLOGIC Accountants we can provide personalised assistance in relation to all tax-related matters, helping you make sure that you always have the cash to pay HMRC on time.

Self-Assessment

Our professional and experienced team of tax accountants provide a comprehensive range of personal tax services for individuals, companies and partnerships. Our innovative firm will provide you with a personal tax accountant who can guide you through the regulatory compliance requirements facing you and your business, look at ways you can reduce your overall tax liabilities, and help you to be prepared for any potentially challenging economic conditions.

R&D Tax Credits

The UK offers an innovation-friendly tax system. This means your company could be eligible for tax relief for the Research & Development (R&D) you already undertake and could come in the form of a tax deduction or even a cash refund from HMRC. We can help you fully understand your business’s research activities and make a potentially fruitful R&D tax relief claim for you.

VAT

We’ll help you choose the right VAT scheme, and make sure you understand and comply with VAT laws and regulations.

The different VAT schemes are:

Standard VAT accounting

With standard VAT accounting, you’ll reclaim VAT that you may have had to pay on your purchases. You’ll pay or reclaim the net of the VAT that you have charged your customers and the VAT that you have had to pay on your purchases.

Your VAT calculations are based on invoices raised, rather than when the invoices are paid.

This could either be good or bad for cashflow, depending on the circumstances. It’s bad when you have to pay VAT even when you aren’t paid for goods or services sold, but good when you can still reclaim for VAT on invoices received even if you haven’t yet paid.

Cash VAT Accounting

Unlike Standard VAT accounting, Cash VAT accounting only takes into account VAT money actually paid or received, rather than just invoiced.

Since you won’t have to pay VAT on any goods or services that the customer hasn’t paid for, it is good for your business’s cashflow.

Flat Rate VAT Scheme

Instead of calculating VAT on each and every transaction, you’ll pay a flat rate percentage of your turnover.

This can be good for small businesses because it makes it much quicker and simpler to account for VAT.

However, its advantage of having a rate lower than the standard VAT is offset by an inability to reclaim VAT on purchases.

Pros and cons

We will help you weigh up the pros and cons of each VAT payment method and help you choose the right one for your business.