What services does the TaxClinic offer?

• Monthly review of VAT incurred and spent to prepare the VAT return.

If you are unsure about the ability of your staff to deal with VAT correctly or would rather an experienced person dealt with VAT on your behalf we can prepare your returns monthly with no fuss and give you peace of mind.

• Year end review to sweep up any VAT overlooked

A second pair of eyes to look over the work you have deligently carried out over the year before submission of your final return. This will reduce the risk of under recovery and also minimise the chance of your staff having got VAT wrong on your major transactions.

• Specific work on capital projects

Every capital project has a VAT cost. We help you minimise this and ensure you recover all the VAT to which you are legally entitled.

• Advice on complex transactions

PPP/PFI, ISTCs, LIFTS, Foundation status and partnerships with other bodies are just some of the initiatives that have complex multi tax implications. The Tax Clinic can help you structure them to obtain the best outcome for all parties. We help ensure that the maximum amount of funding is used for the project and none is inadvertently lost to the taxman.

• PAYE reviews

There are a number of reasons why you need a regular PAYE review - the least being the cost of getting it wrong. A small error on say the tax treatment of payments to a consultant of £100 can escalate into to a considerable bill in excess of £100,000 when you identify the number of doctors involved, extrapolate back 6 years and then add interest and penalties!

• Training

It is important your staff have the knowledge to help them function effectively and reduce the risk of errors. The TaxClinic can offer training in both direct and indirect tax (at the same course or separately) to all levels of staff. Of course it goes without saying all training will be targeted at your specific needs in a practical, relevant and interesting way.