Specialist Tax Services

We will work with you to ensure that you make the best use of all of the available Inheritance Tax reliefs and allowances.

At Harts we offer a full review to minimise your Inheritance Tax liability to ensure that you make the best use of all of the available IHT reliefs and allowances. The earlier arrangements are made, the greater the chance of taking full advantage of our complicated tax system. We also have expertise in dealing with trusts; an easy and very tax efficient way to set aside assets for future beneficiaries outside the inheritance tax net.

HMRC investigations are costly in time and in the emotions they evoke and distract from effectively running your business.

We offer a Tax Investigation Service for you and your business at a fixed annual cost. The cover includes full books and records enquiries along with VAT and PAYE disputes. It, in most cases, also extends to a company’s directors’ personal tax returns where we prepare those returns.

At Harts we aim to manage your tax and NIC exposures without increasing your administrative burden.

Employers need to attract, retain and motivate employees, while controlling employment costs and risks against a background of the increasing cost of PAYE and NIC. We aim to manage your tax and NIC without increasing your administrative burden.

There are many times in a business’s lifecycle when some form of restructuring might be required.

This could be incorporating a sole trade or partnership, exiting an unwilling shareholder, separating out a property, expanding overseas, or any other significant transaction. Whatever is contemplated, there will inevitably be tax consequences.

The Enterprise Investment Scheme (EIS) and its start-up focussed cousin the Seed Enterprise Investment Scheme (SEIS) both provide new investors in your business with generous tax breaks.

While these reliefs can really help a business to grow, investors can only benefit from tax relief where a series of strictly enforced requirements are met and HMRC have confirmed that the investment meets those requirements.

We are often approached by business owners who wish to give a key employee options of shares in the business.

Unfortunately though significant, and often unexpected, tax charges can arise under the employment related securities rules without careful planning. However with our knowledge and experience of the rules, we are usually able to find a tax efficient way to bring in an individual as an option holder or shareholder.

We have considerable experience in settling historic avoidance arrangements with HMRC.

This includes EBT schemes which are the subject of the 2019 loan charge, film schemes, loss relief partnerships and other “exotic” arrangements which have historically been sold to tax-payers seeking to mitigate their liabilities. These arrangements were invariably complex and in settlement there are generally a multitude of factors to be taken into account.