Taxation

Here at Magnum, we can help with corporation tax, personal tax, and inheritance tax planning.

Corporation Tax

Companies are required to estimate their own liability to corporation tax, and pay the tax due by a specific date, which is typically nine months and one day after the end of its accounting period. Here at Magnum, we can help you to prepare company accounts, tax returns and carry out the necessary calculations.

Personal Tax

Paying your personal tax will help to improve your tax position and comply with all the tax legislation. We can help you with this and help complete your individual tax returns and determine your tax and National Insurance liability.

Capital Gains Tax (CGT)

As a company or an individual when you sell either your property or shares for investment purposes, you need to pay this tax and we can guide you through the entire process and help you make the most of it.

Inheritance Tax Planning (IHT) & Estate Planning

To reduce the tax liabilities that beneficiaries of your estate might be faced with upon your exit, you will need to invest in efficient Inheritance Tax planning. This planning will involve effective Will drafting and Estate Planning. We can also help with crafting business exit strategies.

For more information on our taxation services, please get in touch.

Quickbooks AAT Xero