Read how we recently helped a client who hadn’t previously filed a self-assessment tax return or notified HMRC of his second income. He was concerned that he’d not paid the correct amount of tax and National Insurance.
How we helped a widowed lady in her 80s declare income from overseas savings and rental property to HMRC through the Worldwide Disclosure Facility. With Bedrock’s assistance the penalties due were kept to the statutory minimum of 20% rather than 50% which could have been the outcome.
How we helped an oil rig worker disclose off-shore income and bank interest to HMRC and reach a final settlement including tax, interest and penalties which was ultimately less than expected.
How we helped a highly skilled group of software and systems development engineers, who had recently started their own development company, claim R&D tax relief.
Where a company wants to settle several Employee Benefit Trusts (EBTs) with HMRC.
We assisted a company allocate their trading activities into two separate companies so as to reduce the exposure of each company to the other company’s risks without producing adverse tax consequences.
Where a company shareholder wants to exit the business due to a dispute, retirement or to pursue other opportunities, a company purchase of own shares is always a worthwhile consideration.
We can help with identifying the tax implications of a company sale. Often working with clients through their accountants where the accountancy practice doesn’t have either the time nor the necessary in-house capacity or tax knowledge to undertake assignments without our support.
We work with accountants as their trusted tax adviser to ensure their clients get the best possible tax advice. Because Bedrock specialises in tax and we don’t offer accountancy, audit or compliance services we can act as an accountants trust tax adviser, becoming part of their team.
Our client in the luxury travel industry, provides passenger transport in vehicles designed or adapted to carry 10 or more passengers. Because the supply of passenger transport services are zero-rated VAT which meant customers weren’t being charged VAT, the company mistakenly believed they didn’t need to be VAT registered.