Tax Planning

We provide expert and accurate advice for your personal or business needs, ensuring you pay the right amount of tax and at the right time.

2023 Mid-year accounting review - Check if your business is on track with our latest advice guide. 

 

 

For a free initial meeting to discuss how we can help you contact us online or call us on T: 023 9248 4356T: 023 9248 4356


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Tax planning

Morris Crocker's experienced and qualified team of tax advisers provide you with an effective tax planning strategy that fully considers both your business and personal finances.

Our tax planning services include:

•    Personal tax planning
•    Limited company profit extraction
•    Tax efficient remuneration to company directors
•    IR35 
•    IHT planning & reduction of Estate
•    EIS / VCT investments
•    Capital Allowances
•    Research and Development expenditure    
•    Pensions

Making Tax Digital (MTD) for Income Tax

From April 2026 self employed traders and landlords with annual gross income of over £50,000 (reduced to £30,000 from April 2027) will be required to comply with HMRC's MTD for Income Tax. Under the scheme, all affected individuals will have to store records of their business income and expenses in digital format and report a summary profit report to HMRC once every three months. 

See our Making Tax Digital page for more advice and guides on everything you need to know about the changes.  

Cryptocurrency Accounting

There has been a surge in cryptocurrency investment in recent years. This has not gone unnoticed by HMRC who have been gathering lists of investors from various exchanges to ensure all individuals and businesses pay the correct amount of tax on their gains.

It is therefore essential to seek professional advice before making any investment in cryptocurrencies so you understand the tax implications.

We have experience of the unique challenges relating to crypto trading and currency and can provide help with:

Calculating your taxable gains and losses
Self assessment reporting to HMRC 
Tax implications of buying and selling cryptocurrencies 
Tax planning to ensure your cryptoassets are properly structured
Undeclared crypto gains and disclosures
HMRC tax disputes and investigations

Our guide Cryptoassets: How are they taxed in 2022 looks at HMRC's evolving approach towards taxing crypto.
 

Contact us on 023 9248 4356 to arrange a tax planning consultation with one of our tax advisers.

 

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What our clients say...

"I have moved my last two GP practices over to Morris Crocker Accountants, and have been delighted with the level of knowledge, support and help that we have always received from their GP Team.  They have helped us most recently in a complex matter and have made sense of a very difficult couple of financial years for us.  The entire team are approachable, pro-active and endlessly patient and service is always delivered with a smile and a sense of humour!   I could not wish for better service.”

Latest news...

18/04/2024

MTD for ITSA

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that just five Making Tax Digital for income tax self assessment (MTD for ITSA) software products are ready for beta testing on 22 April.

READ MORE

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