Nicolson, Chartered Accountants

49/50 Bayhead, Stornoway, Isle of Lewis HS1 2DZ

Taxation and Tax Planning

Nicolson CA can take the headache of completing your Tax Returns away from you.  Using our professional software, returns can be with the Inland Revenue computers in as little as 30 seconds after you sign them.  This makes repayments of tax rapid, and provides a quality of service which we believe you cannot receive anywhere else.

Our taxation planning is rigorous, and incorporation of business is proving to generate huge tax savings for our clients.  Two clients recently saved over £25,000 each by following our simple advice.  We will scrupulously research our taxation advice before passing it on to you, as our reputation depends upon it.  This advice is under constant review as the Chancellor changes the rules.

As long as you have provided us will all the relevant information, we will ensure that your personal and company tax returns are filed on time with the Inland Revenue. 

Seamen and Foreign Earnings Deduction are a specialist area in which we can give you solid practical advice.  We are thoroughly briefed on the current information gathering enquiries into fishing boats under s16 TMA 1970. 

We have provided invaluable advice to clients on voluntary disclosures of undeclared income under the Offshore Disclosure Facility recently offered by the Inland Revenue.  Never pleasant or easy, we have made it as straight-forward as possible for our clients. 

We can also provide support should the Inland Revenue investigate any returns, and with our tax investigation insurance you have no worries about paying our fees.

We can also work with you to ensure that you are managing your affairs in as tax efficient a manner as possible.  We have provided a list of the type of expenditure which are deductible for a self-employed person.

The implications of the "Arctic Systems" (S660) case for "husband and wife" companies are detailed and require careful consideration by husband and wife companies.

We can advise on Income Tax, Corporation Tax, Inheritance Tax, Capital Gains Tax and most aspects of National Insurance, as well as Working Families Tax Credit claims.  Full tax tables are provided for your information.

For more thoughts about Tax Investigations here.