Carmarthen | Haverfordwest | Lampeter
01267 237534    info@lhp.co.uk
LHP
Chartered Accountants

Chartered Tax Advice

 

We are more than your end of year accounts solution, we offer detailed tax advice and have specialists in sectors including tourism, agriculture, media and retail.

Four good reasons to pick up the phone to LHP would be:

  • Accurate and qualified advice.
  • Comfort in knowing you are paying the right tax.
  • Outside the box analysis to maximise your tax benefits.
  • Blue sky thinking with a list of business associates to add value.

Capital Gains Tax advice

Our Capital Gains Experts can assist you with potential CGT planning ensuring you get maximum tax efficiency when disposing or transferring an asset.

With careful and early tax planning it is often possible to reduce or eliminate Capital Gains Tax. By looking at your specific situation we may be able to reduce or delay the payment of your Capital Gains Tax liability.

We can ensure you get the maximum benefit from Entrepreneurs’ Relief by helping you set up tax-efficient business structures from the start or by helping with restructuring in advance of a disposal.

We can advise on the claiming of any other available reliefs and exemptions available to you such as:

  • Principal Private Residence Relief
  • Lettings Relief
  • Gift Relief
  • Annual Exemption
  • Chattel Exemption

We can advise you whether it is worth considering changing the ownership of an asset, for example if your spouse has unused annual exemptions or capital losses.

We have the expertise to advise on how the timing of a sale will impact on the payment date and whether the disposal can be spread over more than one tax year, to maximise available reliefs and exemptions.

Advanced Tax Planning

We offer an Advanced Tax Planning service for high net-worth clients and companies.  We can advise on a range of tax mitigating strategies via our associated contacts for most forms of taxation.

IHT planning and advice

We often liaise with solicitors on the best Inheritance Tax advice after a full review of your circumstances. This may include a transfer of assets, will planning and insurance cover. We can also advise on post-death deeds of variation.

Tax Enquiries

If you are the subject of a tax investigation our specialists can help you achieve the best possible result whilst minimising the disruption to your business and personal life.

The cost in terms of time, money, stress and effect on your health of an investigation should not be underestimated. We aim to handle the day to day hassle and pressures for you and let you concentrate on running your business and getting on with your normal busy life.

Whether it is at local level or dealing with a specialist investigation unit, we have a wealth of experience in dealing with investigations by HM Revenue & Customs to secure the best result and ensure that the right steps are taken to avoid or minimise penalties.

Whilst every investigation is different we will:

  • Liaise with legal advisers
  • Prepare necessary reports
  • Prepare civil settlements
  • Attend and represent clients at all meetings with statutory authorities
  • Negotiate with statutory authorities the final settlement
  • Undertake PAYE and National Insurance audits and reviews
  • Review VAT assurance visit claims for errors of principle

Testimonials

LHP have shown that accounting is about more than just end of year accounts, and just as much about helping me manage my accounting needs throughout the year getting good solid tax and vat advice along the way.

They have also helped by listening when I have query and sign posting me to other services that have given me guidance on other business issues and by opening up other the business networks in financing and legal advice within an associate network throughout west Wales

Dai Nicholas

Nicholas MKTG - Experienced business consultant and manager.
Cloud & App Experts
l1
l2
l3
l4
l5
l7
l6