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Tax Services
Tax Services at Heriot Hughes
Need Assistance with Tax?
Tax is a financial obligation so you need to make sure you pay your tax promptly and correctly. Paying tax can be daunting, especially when you’re a sole trader or running a large business. Our accountants navigate the financial maze by making sure the calculations are correct, that you pay on time and are compliant which unburdens you from any tax-related hassles. Your financial health is our top priority and we never cut corners on such matters.
Tax Planning
Our team of accountants will provide advice on issues such as income tax and capital gains tax including the necessary reporting to HMRC within 60 days of the sale of a residential property. The team can also help with mortgage structuring, inheritance tax and much more.
Company Taxes
Navigating the corporate landscape involves a keen understanding of various taxes. From corporation tax that impacts profitability to payroll taxes affecting employee compensation, businesses must also consider VAT for goods and services. At Heriot Hughes we provide expert guidance on the intricacies of company taxes, tailoring solutions to your unique needs for a tax-efficient and compliant journey.
Tax Disputes, Enquiries and Investigations
Navigating tax discrepancies requires expert assistance due to the complexity of HMRC regulations. Often HMRC can misinterpret the facts and draw incorrect conclusions. Professional guidance is crucial for the successful resolution of your tax issues.
Tax Returns and Self Assessment
We can make sure your records are accurate to avoid a visit from the Tax man. Mistakes can lead to audits, HMRC investigations, fines, and penalties so it's important to make sure your business is on top of things.
Personal Tax
Our accountants will organise, calculate, and optimise your personal tax obligations, ensuring you stay compliant, maximise deductions, and maintain peace of mind.
Tax Help Sheets
Our Tax Help Sheets provide detailed guidance on property taxes, tax-saving strategies and dealing with investigations.
Need a trusted Chartered Accountant?
We are dedicated to providing friendly, efficient, and courteous service that exceeds your expectations. Our team actively listens to your needs and communicates promptly and thoroughly.
We Help With:
Tax Disputes
Tax Enquires and Investigations
Penalties following an enquiry can be reduced based on the clients attitude and willingness to assist with HMRC’s investigations. Our team proactively communicate with HMRC to help minimise the penalty percentages and progress the investigation to a satisfactory conclusion.
To reduce the chances of a HMRC investigation, our team of accountants are looking to identify and address any potential issues with returns prior to submission.
Fee Protection Insurance
Due to the increasing complexity and cost of HMRC tax enquiries, we recommend clients join our Fee Protection Insurance Scheme, now offered by Vantage. This insurance covers our professional fees in defending tax enquiries and investigations.
Our scheme also provides advice on Health & Safety and Employment Law. For detailed information, request our information leaflet. As a licensed general insurance intermediary by the Institute of Chartered Accountants in England and Wales, we strive to protect and minimise your tax liabilities.
Tax Return Process
How We Handle Your Tax Return
We will diligently complete your tax return on a timely basis and advise of any tax liabilities and reclaim any tax due to you directly into your bank account.
Completing Tax Returns
Individuals, sole traders, partnerships, and limited companies all need to complete tax returns.
Important HMRC Compliance
Ensure returns are accurately filled, submitted timely, and supporting records preserved appropriately.
Tax Advice and Planning
We advise tax liability advice and identify tax planning opportunities available to you to ensure that you are compliant whilst paying the minimum amount of tax that is required.
Why Choose Us
Helping you make more, keep more and work less
Heriot Hughes are accounting specialists and everything is explained in the simplest possible terms so you can make informed decisions.
Our team are experts in handling daunting or complex accounting problems on your behalf, making the process super clear and simple. You then have more time to focus on what you do best, running your business.
Trusted Chartered Accountants
Pro-active Business Advice
Clear and Transparent Pricing
Free Consultations
Testimonials
What Our Clients Say
Our clients’ satisfaction is our top priority, and we take pride in delivering exceptional service that meets their needs. We have had the pleasure of working with a diverse range of businesses, from startups to established companies, and have helped them achieve their financial goals through our expertise.
Davidsons (Ormskirk) Limited
'Heriot Hughes has been an incredible partner in my financial journey since I was 18 years old. Their expert guidance and personal approach have not only educated me in key aspects of accounting and business finance but also played a crucial role in helping my business grow and thrive. They are always approachable, professional, and willing to go the extra mile to ensure I understand everything. I can't thank them enough for their support over the years.'
'Heriot Hughes have been our accountants since 2013, the have always been fantastic when we have needed advice and are always happy to help. They file our accounts, VAT and sort out payroll with ease and get it all sorted leaving us to get on with our work.'
'Heriot Hughes were recommended to me by another of their clients over a year ago and I couldn't be happier with the services. The whole team is patient, friendly and most of all they know how to help and support a small business like mine, with quite a complex accounting process. They have made the transition from Sole Trader to Limited company seamless and I look forward to collaborating with them in the years to come.'
Fiona Cross Limited
'Getting advice is easy, but getting the correct advice is harder to achieve. Using Heriot Hughes as our accountant before and throughout the sale of our business, helped us to maximise the sale price and allowed us to complete in the most tax-effective way. They understood the due diligence process fully, enabling us to prepare, by collating all required information reducing the stress when the due diligence process took place.'
Northwest Education & Training Limited
'I'm always left feeling that I've had an excellent job and that no stone has been left unturned in his efforts to help me. Perhaps what I like most about John is that he is a real person, not only efficient and reliable but also approachable, friendly, genuine and ethically sound... and that matters to me. First class!'
Settled Mind Limited
'Heriot Hughes have undertaken the audits of several of our grant applications and turned the work around within the tight timescales required. They were extremely professional in their approach and met all the requirements in order for the college to fulfil it's obligations.'
Stanley High Sports College
Frequently Asked Questions
Common questions asked by prospective clients.
Accounts and tax can be complicated and you're likely to have lots of questions. Many questions will be specific to your circumstances, so please do get in touch with us for a free consultation so that we can give you tailored answers.
Are you the right accountant for my business?
Choosing an accountant for your business is a very personal decision as your accountant will get to know your business inside-out. You need someone you can trust.
We believe the best way to see if we’re the accountant for you and your business is to schedule in a discovery call or meeting so that you can meet the team and see if we’re a good fit for each other.
We work with individuals and businesses of all types, and we are extremely proud of our client feedback.
How easy is it to change accountants?
If you’re looking to change accountants, then moving over to us couldn’t be simpler. All it takes is one letter from you and then we take care of everything else.
Is your current accountant pro-active? Do they provide an excellent service and offering you a fair rate? Are they easily contactable, flexible and offer unlimited contact at no additional cost?
If you answered ‘no’ to any of these questions, or just want to explore your options, then give us a ring. We offer a free no obligation consultation there’s no need to make any rushed decisions.
What is a pro-active accountant?
Our team goes beyond traditional financial reporting and compliance tasks to actively anticipate and address the financial needs of our clients. Instead of simply reacting to financial data and transactions, our team takes a forward-thinking approach to provide valuable insights, strategic advice, and proactive solutions.
How much do you charge?
We understand that price is important to our clients. That’s why we provide clear, transparent, and consistent pricing. Our prices are competitive, and a reflection of the quality accounting services we provide.
Every client is different, so we start by arranging a free, no obligation call to understand more about you and your business. We will ask about your current situation and your future goals, along with any challenges you are facing. Once we understand the level of support you need, we then send you a detailed proposal outlining our fees and services, so you know exactly what you are paying for.
How are fees structured?
We do not quote low just to get your business for the first year and then raise the fees. We want you as a long-term client who trusts us to do what we say we will do at a fair price.
We send you a proposal based on what we anticipate being a fair fee for the services and value provided. We do conduct annual fee reviews but would only anticipate normal inflationary increases if the work involved remains the same.
We spread the cost of our accountancy services over the financial year to assist with your cash-flow.
'Thank you for your years of service and support. I have always found whoever I have dealt with in the Heriot Hughes team to be extremely courteous and helpful whatever the query, and the expertise of yourself, Joanna and Kate has been invaluable to my business. Your business and team are a credit to you.'