Angela has 16 years of experience in tax and is both a Chartered Accountant and a Chartered Tax Advisor. She is a member of the Institute of Chartered Accountants of Scotland and the Chartered Institute of Taxation. Angela is an experienced tax advisor, specialising in advising owner managed businesses and entrepreneurs on all aspects of their tax affairs including personal tax, corporate tax, capital gains tax and inheritance tax.
Donna has over 11 years experience in the field of business advisory and tax and is a member of the Institute of Chartered Accountants of Scotland. Donna qualified at a small independent firm in her home town of Perth, gaining excellent experience in all aspects of accounting, tax and bookkeeping. She passed all of her professional exams first time.
As a minimum, you’ll expect your annual accounts to be completed accurately, efficiently and on time. This is fundamental for any compliance work that we undertake, as part of this process, we will manage your submission deadlines, helping you to fulfil your obligations whilst allowing you to concentrate on running your business.
We can really add value to your business in the way that we deliver the service to you. Our service doesn’t just revolve around your end of year requirements; we will maintain contact with you throughout the year to make sure we’re completely aware of important changes affecting your business. This enables us to:
- Keep you up to date with new legislation affecting your business position
- Advise you on how to structure any planned expenditure
- Make you aware if you’re likely to exceed any tax thresholds
To give you peace of mind, we don’t charge for routine communication. In fact, our clients are encouraged to pick up the phone to us to discuss any changes or issues within their business. By working in this way, we build strong relationships with our clients, giving them the comfort to discuss their concerns without facing any additional fees.
Everything we do is fully bespoke to your requirements and flexible to the scope of service that you choose, you tell us what you would like to achieve and we will make it happen.
Managing your personal tax affairs can be stressful and time consuming. As well as submitting an accurate and timely tax return, there are a number of ways that you can save money and protect your future through effective tax planning.
To make sure you have a firm understanding of your current tax position and the most advantageous way to plan for the future, it’s important to receive professional advice. Mitchell Oswald specialise in the following areas of personal tax, to help you to operate in the most tax efficient way:
Tax compliance – Preparing and filing your return, as well as advising on tax payments due. This also involves an annual meeting at no charge to review your tax affairs.
Income Tax and Capital Gains Tax planning – minimising or delaying tax on your income or assets.
Inheritance Tax and estate planning – making you aware of your current position and helping to reduce your tax liability.
Executorships and the administration of estates – We can provide advice to ensure that your estate is properly managed after your death and will help to keep tax liabilities to a minimum.
Trust taxation and accounts – Helping you understand the tax laws surrounding trusts and assisting in the completion of form IHT100.
International tax – for those with overseas interests, those currently living or looking to move outside the UK, and foreign nationals considering to move to the UK.
Tax investigations – we can provide advice and assistance to those facing tax investigations.
At Mitchell Oswald, we have extensive experience in dealing with personal tax issues and can provide advice and guidance in regards to all of your taxation affairs.
Corporation tax compliance has become an increasingly complex and time consuming task. With increased reporting obligations, ever changing legislation and harsher penalties for non-compliance it is becoming more important for companies to ensure that they meet their legal obligations. We can take this stress away by completing the following for our clients, allowing them to focus on their business:
- Preparation and submission of corporate tax computations and returns
- Preparation of quarterly tax calculations
- Corresponding with HM Revenue and Customs
- Preparation and completion of all relevant claims and elections
- Corporate tax planning
We can conduct a full tax review of your business and determine the most efficient tax structure for you. Very often such reviews result in considerable tax savings, which show up as real improvements in your bottom line.
As with any other area of taxation, it is essential to be proactive and plan ahead when dealing with corporation tax.
In this way you can:
- Minimise your corporation tax liabilities
- Make the most of any available reliefs, tax losses and deferment opportunities
- Ensure you meet all your CTSA deadlines and file your returns correctly, thereby avoiding any potential penalties
The goal behind management reporting should be to enable informed decision making. Yet too often, this information does not satisfy the users needs and can be out of date before it is received by the relevant party.
Our focus is on providing you with relevant information that is specific to your business and aligned with your strategic objectives. This can range from basic profit and loss reporting through to bespoke key performance indicators that are unique to your organisation.
Dependent on the level of support you require, we can produce information as frequently and as detailed as you would like, in a manner that suits you. We can also provide this information in whatever format you may require, for example:
- Profit and loss analysis with graphical representations
- Staff reports, detailing productivity, sickness and cost per department
- Sales information, highlighting the number of new clients, sales by customer, conversion rates, price trends and product elasticity.
In addition to producing management accounts or bespoke management reports, we can also advise on your reporting processes. This may involve working with your teams to identify what information is key to your success and the most effective way to extract it.
For more information on how Mitchell Oswald can support your management reporting, contact us today.
For many people, tax is something that’s only addressed at certain times of the year. However, if you really want to keep your tax bill to a minimum, consistent tax planning and carefully evaluating the decisions you make could have a big impact on your business.
With our help, you can make informed choices about issues that could affect your tax bill and devise strategies that will make the most of the tax reliefs, allowances and credits that are available to you.
Our tax planning services are far-reaching, and just some of the issues we can support you with include:
- Cash and profit extraction
- International tax advice
- Land and property
- Share schemes
- Structured tax products
- Tax efficient business structures
- Succession and sale
- Transaction planning
- Trust and Estate planning
- Wealth preservation
Tax planning begins with careful evaluation of your financial situation. We’ll discuss your future plans and goals to help determine a course of action that best suits your requirements.
VAT reporting requirements differ from business to business, depending on the scheme which the entity has adopted. HMRC apply the submission deadline dates strictly and the current penalty regime for errors and late reporting can be costly so care and timely action are essential.
As well as completion of VAT registration and advice in relation to the application of appropriate schemes we can assist you with your regular reporting requirements.
Payroll administration is becoming increasingly complex and can be a headache for many small and medium sized companies who simply do not have the resources in house to support it. Not only that, when you really analyse the cost to your business in terms of administrative time, staff training, legislation updates and capital expenditure, you can see why so many businesses are choosing to outsource.
Our payroll bureau is whatever you need it to be. Choose to fully or partially outsource your payroll requirements and we will work with you to find a solution. We offer a flexible, bespoke service to meet your needs whatever the size of your business and workforce.
Our fixed fee price structure ensures that you can keep tight control of your costs while your staff are paid correctly and on time
Most people who start up a business do so because they have a good business proposition and not because they are experts in the financial aspects of running a business. These factors can often be quite daunting to the entrepreneur and this is where we can help by evaluating your ideas and developing them into a feasible business. We can also help you to:
- Decide on the most suitable structure for your business (i.e sole trader, partnership or limited company)
- Prepare a business plan, cash flow projections, budgets and trading forecasts to provide the financial viability of your ideas and to demonstrate this to the bank or potential investors
- Assess your finance requirements and access and the most appropriate source
- Establish relationships with banks and solicitors via our well established network of contacts
- Carry out registration procedures with Companies House and HM Revenue & Customs
- Set up an internal accounting system which complies with statutory requirements
Call us for a free consultation to find out how we can help
When running a busy business you cannot afford to spend valuable time making sure you are complying with the Companies Act. However you do need to be aware how this legislation affects your company and its directors. We can help by carrying out the company secretarial duties for you.
Our services include:
- Company formations
- Preparation and filing of statutory returns
- Preparation of all documentation (such as minutes and resolutions)
- Maintenance of statutory books (share register, minute book, etc)