Our Services

Preparation of Accounts

We have a wealth of experience of preparing accounts, and our range of entertainment industry clients extends from sole traders and substantial partnerships through to limited companies with large turnovers. However we realise that producing accounts also provides a valuable opportunity to examine the performance of your business and understand where improvements can be made. Our personal involvement with your enterprise enables us to offer detailed advice about business development, and if you want a friendly expert to discuss your latest ideas with, then we will be here for you.

Personal Taxation

We appreciate that the thought of completing a tax return can fill people with dread even if their affairs are very straightforward. We can provide the help and reassurance you need, and complete your return effectively – and economically. The most common cause of panic is to leave things to the last minute. If you need help, then get in touch as soon as possible after the tax year ends on April 5th; December is usually too late! We submit all Client tax returns on-line which ensures immediate delivery. We will notify you of the deadlines for the return and for the payments of tax and when filing on line becomes compulsory we will let you know in good time.

If your financial affairs are more complicated, then dealing with your tax should involve careful planning to ensure that you manage your liabilities in the most efficient fashion. We can provide expert and up-to-date advice on matters such as the timing of the disposal of assets, dealing with benefits in kind (motor vehicles are a good example) inheritance tax, benefits, and making provision for retirement funds other than pensions. And if you have a limited income, and have some savings and investment income that is taxed at source, we may be able to help you claim a refund.

Specialised Tax Services

• If your business trades outside the United Kingdom then you may find yourself with tax liabilities in two (or more) different countries This is a complex area and we can offer sound advice based on our knowledge of the rules relating to double taxation agreements worldwide.

• Issues of domicile and residence are currently under close scrutiny and anyone claiming relief in this area needs to be very careful with the preparation of their tax return. Our experience in this area is up-to-date and authoritative.

• Capital gains tax planning: we continually monitor the ever-changing tax regulations, and provide timely advice where potential savings could be at risk.

• If you wish to dispose of your business then you will need to take advice and plan your exit strategy in order to minimise your tax liability.

• If you wish to set up a trust we can offer advice on the best kind for your needs, and follow this up with the preparation of trust accounts and tax returns.

Quite often HMRC investigate on a 'lottery' basis. There are also PAYE and VAT routine reviews which can turn into disputes. We are able to act on behalf of our clients in negotiations with HMRC to ensure the best possible outcome. We can attend meetings on your behalf so you are not put through the 'ringer' and assist in providing back up documentation to your computations. By taking a front line approach we can minimise your stress and any potential business disruption and ensure that tax investigations are concluded as quickly and as efficiently as possible. As tax enquiries and disputes can be expensive we have taken the precaution of reviewing the insurance market to fins effective cover for our clients at a competitive rate, if you would like to take up this insurance please let us know.

All businesses have to prepare annual accounts and are liable to significant penalties if deadlines are not met. This can be a daunting task to many people so why not leave this to us so that you have more time to spend on your business and increasing your profitability.

Early knowledge of your business tax liabilities is a great help in business and cash flow planning. At McCann Christensen we are well aware of this and will help you prepare and plan for the year end process and any changes in accounting regulations. We will work with you to ensure that your account information is accurate.