TAX - SERVICES WE PROVIDE

Why A Tax Consultancy Group?
With several uniquely skilled individuals the group delivers bespoke tax planning solutions. With the ever increasing pressure on cash flow from a welter of different taxes and increasingly hostile Government Departments, the ability to save or defer tax through the use of planning is assuming a much higher profile than ever.

The Campbell Dallas Tax Consultancy Group (TCG) was formed by the creation of a specialist team freed from dealing with time consuming day to day compliance issues. Bringing their creativity and expertise to bear on a wide range of tax related issues.

Tax is a complex and involved subject. This is because it is an artificial mechanism designed to take money from people and businesses in return for no direct benefit to the taxpayer. In the UK the tax system remains firmly rooted in the past with a veneer of modernisation overlaid on top in the form of various self-assessment systems.

Frequently there is inter-relation between several taxes at any one time and that inter-relation means that the taxes involved can operate mutually exclusive of each other. It is vital therefore that in the case of any transaction and before planning can begin that the process involved is fully understood with the relevant taxes identified. There is no point in saving one tax to simply walk into another.

The group exists to guide clients through these ‘traps for the unwary’ and to then deliver real results in the shape of a direct tax saving whenever possible or at the simplest, a tax deferral. A tax deferred is after all a tax saved.

How Do We Do This?
TCG is staffed by partners and specialists with a wide and varied experience of all the taxes. Working closely together and with the clients on whom they focus, we deliver personal and tailored solutions. Not just a bunch of accountants we have people with legal training, qualified accountants and former Inland Revenue and Customs and Excise inspectors.

This mix of talent has created a formidable team. We work closely within the firm with our colleagues in other disciplines, the all important client and with legal advisers and financial advisers to deliver real value.

What Taxes Do We Cover?
We specialise in delivering offshore planning solutions which frequently produce large tax savings. We also deal with onshore planning with the same end in mind. Sometimes some early but simple steps at the outset can save a lot of problems down the line. ‘Getting it right’ at the start is as important to us as undertaking some large planning exercises. We deliver tax planning solutions involving company groups, stand alone companies, limited liability partnerships and unincorporated businesses from large partnerships to sole traders, sometimes blending and mixing some of these to achieve the desired planning.

As a result all the taxes are catered for including (and in no particular order):

• Corporation Tax
• Income Tax
• VAT
• Stamp Duty
• Stamp Duty Land Tax
• Inheritance Tax
• Capital Gains Tax

The taxes involved can crop up in a variety of situations such as mergers, acquisitions and disposals, planning at the start of a business, during its growth and to the hand-over or sale of the business.

From the tax efficient creation of wealth and how best to extract and protect that wealth as a business evolves and grows, to the tax efficient disposal and how to protect that wealth into retirement and how best to pass that on to following generations.

If you’re not in business there’s still plenty of planning to be done along the same lines i.e. how to build up your wealth, protect it and plan how to pass it on to your family and successors but with a view to always ensuring the focus stays on the client and their specific needs and wishes.

Tax Enquiries
No review of tax services would be complete without mentioning tax enquiries. These are increasingly becoming a fact of modern life. With the staff we have and their accumulated years of experience both within and outwith the Revenue and Customs Departments we are uniquely placed to support anyone undergoing one of these. They come in all shapes and sizes and it is vital that people are represented properly when faced with an enquiry into their tax affairs. The department of Revenue and Customs is always striving to acquire more and more invasive powers and it is vital that taxpayers’ rights are properly safeguarded throughout.

The partners who lead TCG are supported by associates and senior specialists who are dedicated to the delivery of a high standard of service.

Our unique experience allows us to assist from a simple enquiry into one part of a tax return to a full blown enquiry into any size of business and deal with enquiries from the local tax office to Special Civil Investigations where prosecution can be threatened. We do our job firmly as the taxpayer’s advocate whilst sympathetically supporting anyone on the receiving end of an enquiry.

WHO TO CONTACT
Should you require advice on any of the above please contact
BRUCE WILSON: telephone: 0141 942 0722 email: bruce.wilson@campbelldallas.co.uk