Tax, VAT and Making Tax Digital

Tax Planning for businesses and individuals

“No man in the country is under the smallest obligation, moral or other, so to arrange his legal relations to his business or property as to enable the Inland Revenue to put the largest possible shovel in his stores”. Lloyd Clyde in the case of Ayrshire Pullman Motor Services v Inland Revenue (1929).

Our tax advisers have a proven track record of helping our clients to structure and manage their affairs, both business and personal, in the most efficient way possible. We place a significant amount of importance on getting to know you so that we understand your objectives, what matters to you and how you see the future panning out.

If you’re a business owner, whether you’re just starting out or are more established, we’ll not only identify the most suitable tax structure for you, but our tax advisers will ensure that it dovetails and complements your personal life and overall aspirations. Wise & Co will also consider other possible key areas, such as employees’ incentives, the implementation of share option schemes, share re-organisations, any key reliefs that you may be entitled to for example Research & Development tax relief, or the sale and purchase of companies.

Guiding our clients with practical as well as technical advice from the start to the end of their journey is central to what we do. Looking at the longer term picture is particularly important with exit planning and capital gains tax planning featuring highly, along with identifying the most efficient way for the owners of the business to be paid, and inheritance tax advice. Our experienced tax team will help find the best solution for you.

Whatever it is, we’ll take a helicopter look at your circumstances and above all our advisers will always try to bring the issues that you may face to your attention, before they arise offering you sound and commercial advice as to how to tackle them.

Tax investigations services

You may suddenly find yourself under HM Revenue & Customs’ (HMRC) microscope in the form of a tax enquiry. You could have been picked at random, because HMRC is targeting certain professions, if there is something in particular on your tax return that the inspector wishes to focus on, or the inspector has decided to conduct a business records check.

Regardless of the reason, it is up to you to prove your innocence at your own cost and it can be stressful. But our tax adviser team is on hand; highly experienced at dealing with tax enquiries and liaising with HMRC on behalf of clients. HMRC is opening more and more investigations each year, so taking out fees protection insurance for any professional help and guidance is a good safeguard, should you find yourself or your business in this situation. Wise & Co charge a relatively modest fee, which will give you peace of mind. If you’d like to find out more about how it works and what it covers, click on the following links for further information or contact us.

Fine Art & Antiques

Mrs G is a buyer and importer of Asian art.  She buys a small number of high value artefacts on buying trips to the Far East and then brings them back to the UK for sale.  Her clients are private individuals, and every transaction is different.  Sometimes she buys a number of pieces of art in one transaction making them more difficult to value.

Tell me more

Visits to our offices are now limited to the delivery and collection of records only.

Our switchboard is open but to safeguard our staff and to comply with Government COVID restrictions we are operating with minimal staff working in the office and the remainder working from home.

Thank you for your understanding. We wish everyone safe and well as we weather these difficult times together.