Harts CHARTERED ACCOUNTANTS

Specialist Tax Services

As well as standard corporate and personal tax services, we also offer a range of specialist tax services.


Estate Planning

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.

Our Services Include:

  • Help with planning and reviewing a will
  • Making full use of exemptions and lower tax rates on lifetime transfers
  • Optimising lifetime transfers between family members
  • Transferring agricultural or business property
  • Transferring assets into trust and arranging adequate life assurance cover
  • Potential inheritance tax liabilities

Please contact us for any questions you may have. Tel: 01625 669669 – Email: info@harts-ltd.com

Our Services Include:

  • Help with planning and reviewing a will
  • Making full use of exemptions and lower tax rates on lifetime transfers
  • Optimising lifetime transfers between family members
  • Transferring agricultural or business property
  • Transferring assets into trust and arranging adequate life assurance cover
  • Potential inheritance tax liabilities

Please contact us for any questions you may have. Tel: 01625 669669 – Email: info@harts-ltd.com

Tax Investigation Service

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.

Our Services Include:

  • Fixed annual cost
  • Extensive cover
  • Full books, records, VAT and PAYE enquiries
  • Company’s directors’ personal tax returns
  • Claims made against our insurance policy

Please contact us for any questions you may have. Tel: 01625 669669 – Email: info@harts-ltd.com

Our Services Include:

  • Fixed annual cost
  • Extensive cover
  • Full books, records, VAT and PAYE enquiries
  • Company’s directors’ personal tax returns
  • Claims made against our insurance policy

Please contact us for any questions you may have. Tel: 01625 669669 – Email: info@harts-ltd.com

Employment Tax

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.

You may just want advice on a one off compliance issue, or perhaps you are thinking of introducing a completely new benefit package. Whatever your requirement, our dedicated team member, who has significant HM Revenue and Customs experience, is here to help you. Please contact us for any questions you may have. Tel: 01625 669669 – Email: info@harts-ltd.com

You may just want advice on a one off compliance issue, or perhaps you are thinking of introducing a completely new benefit package. Whatever your requirement, our dedicated team member, who has significant HM Revenue and Customs experience, is here to help you. Please contact us for any questions you may have. Tel: 01625 669669 – Email: info@harts-ltd.com

Restructuring

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.

We work with our clients to understand the commercial rationale behind the proposed transaction and then use our knowledge and experience to work through the tax consequences of our clients’ plans. We are then able to advise on what needs to be done and how any tax charges arising might be mitigated.

Tel: 01625 669669 – Email: info@harts-ltd.com

We work with our clients to understand the commercial rationale behind the proposed transaction and then use our knowledge and experience to work through the tax consequences of our clients’ plans. We are then able to advise on what needs to be done and how any tax charges arising might be mitigated.

Tel: 01625 669669 – Email: info@harts-ltd.com

EIS and SEIS

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 have experience of assisting businesses throughout the EIS or SEIS process. This includes applying for advance assurance under both schemes, managing the investment and issue of shares, and applying to HMRC for confirmation that the requirements of the relief have been met.

Tel: 01625 669669 – Email: info@harts-ltd.com

We have experience of assisting businesses throughout the EIS or SEIS process. This includes applying for advance assurance under both schemes, managing the investment and issue of shares, and applying to HMRC for confirmation that the requirements of the relief have been met.

Tel: 01625 669669 – Email: info@harts-ltd.com

Employee Share Planning

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 also have the skills in house to undertake the valuations of the business / shareholdings which are more often than not required when considering transfers of shares to employees.

Tel: 01625 669669 – Email: info@harts-ltd.com

We also have the skills in house to undertake the valuations of the business / shareholdings which are more often than not required when considering transfers of shares to employees.

Tel: 01625 669669 – Email: info@harts-ltd.com

Settlements

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.

Our knowledge of these arrangements means that we are often able to reduce the amount payable to settle, for example by insisting that HMRC take into account reliefs which due and that HMRC abide by statutory time limits for assessment.

For the avoidance of doubt, we would note that this firm does not, and never has, offered tax avoidance schemes. Our involvement in this field is purely in settling historic arrangements.

Tel: 01625 669669 – Email: info@harts-ltd.com

Our knowledge of these arrangements means that we are often able to reduce the amount payable to settle, for example by insisting that HMRC take into account reliefs which due and that HMRC abide by statutory time limits for assessment.

For the avoidance of doubt, we would note that this firm does not, and never has, offered tax avoidance schemes. Our involvement in this field is purely in settling historic arrangements.

Tel: 01625 669669 – Email: info@harts-ltd.com