Taxation management & efficiency

Tax efficiency review

Every year, many individuals and businesses pay more tax than required. We have the expertise to advise you and your business on your overall tax exposure. McDougall Johnstone believes that complex tax structures and controversial offshore tax planning schemes are the easiest way to attract attention from HMRC, extract significant professional fees from your business and ensure sleepless nights waiting for the tax man to call.

As tax advisers, our objective is to work closely with you to ensure you pay the minimum tax required by law. We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way. We will ensure that you, your business partners and investors, make the most efficient use of all available tax efficient schemes.

We regularly utilise many tax efficient schemes such as Enterprise Investment Scheme (EIS) and Research & Development (R&D) tax credits and by working closely with you we will identify the most tax efficient methods of extracting profits from the business.

Tax planning

Our corporate strategic tax planning expertise includes corporate tax, structuring of acquisitions and disposals, stamp taxes, VAT and capital gains tax and where applicable research and development tax credits.

We also provide specialist taxation advice for private clients giving you the detailed insight you need to make effective taxation decisions. From personal, to inheritance, capital gains tax and international tax advice, our clients are guaranteed a discreet and personal service.

Corporate tax compliance

Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on the directors. We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your company's tax liability.

The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective corporate tax planning can also result in significant improvements in your bottom line.

Personal tax compliance

Today, more and more emphasis is being put on taxpayers' individual responsibilities and everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. Our specialist tax team can provide you with year-round advice on all aspects of personal taxation.

Self assessment

We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax positions and the planning opportunities available to you. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.