Tax Efficiency ExpertsMinimizing tax liabilities through collaborative solutions

At NMC, our role as tax advisers is to work closely with you to ensure that you pay the minimum tax required by law.

We believe in proactive tax planning to help you understand the tax implications of your financial decisions, allowing you to plan ahead and conduct your affairs in the most tax-efficient manner.

Corporation Tax Services

Under the Corporation Tax Self Assessment (CTSA) system, the responsibility for accurately calculating the corporation tax liability rests with business owners. We understand the challenges faced by owner-managed businesses and offer timely and efficient tax return preparation services. Our experts calculate your company's tax liability and assist in determining any quarterly installment payments due.

In an era of increased reporting obligations, intensified tax authority investigations, and stricter penalties for non-compliance, tax administration can become a significant resource drain. Our goal is to minimize your corporate tax exposure and alleviate the administrative burden associated with complying with current tax legislation. Effective corporate tax planning can also lead to substantial improvements in your bottom line.

Personal Tax Services (Including Sole-Traders and Partnerships)

We specialize in various aspects of personal taxation, including income tax, capital gains tax, and inheritance tax.

Self-Assessment

Navigating the complexities of self-assessment can be a daunting task. We possess the expertise and software to simplify the form-filling and compliance aspects of self-assessment. Our services include practical advice on personal tax matters and available planning opportunities. Recent years have seen increased penalties for late filing and errors, making our timely tax return completion, tax liability calculation, and payment guidance invaluable.

Personal Tax Planning

Efficient personal tax planning is essential for all taxpayers. Our dedicated tax team provides year-round advice on every facet of personal taxation, ensuring you optimize your tax position while meeting compliance requirements.

Inheritance Tax

We offer expertise in managing trusts, a tax-efficient method to safeguard assets for future beneficiaries outside the inheritance tax scope. Our services cover selecting the most suitable trust type, assisting in trust establishment, and providing comprehensive accounting services for trust management.

VAT

Navigating the ever-changing VAT regulations and HMRC's demands can be challenging. We help ensure your VAT compliance and prevent overpayments. Our efficient, cost-effective VAT service includes assistance with registration, advice on VAT planning and administration, selecting the most appropriate scheme, VAT control and reconciliation, assistance with completing VAT returns, proactive planning to minimize future issues with HMRC, and representation in disputes or VAT tribunals if necessary.

HMRC Investigations and Enquiries

Facing a tax investigation or enquiry by HMRC can be stressful. We possess extensive experience in handling HMRC investigations, ranging from individual Tax Return enquiries to in-depth examinations of a company's affairs or employer-related investigations into PAYE and P11d compliance. If you are subject to an investigation, our expert support and guidance can prove invaluable.

Tax Protection

HMRC has the authority to initiate random investigations into income tax and corporation taxpayers. With the growing risk of comprehensive tax enquiries and investigations, it's worth considering protection against the accountancy costs associated with such inquiries, as they often entail substantial work. Even if HMRC ultimately finds no issues, you may still incur unexpected professional fees.

Our tax protection services help ensure you receive the best possible support and advice without worrying about the cost. Coverage includes protection for:

• Self-assessment enquiries
• VAT enquiries
• PAYE and benefits enquiries
• IR35 enquiries

At NMC, we are committed to ensuring that your tax obligations are met efficiently and that your financial affairs are structured in the most tax-efficient manner possible. We provide expert guidance, reliable support, and valuable protection, allowing you to navigate the complexities of taxation with confidence and peace of mind.