Capital Gains Tax
We provide tax planning services to ensure capital gains tax liabilities are minimised and avoided where possible through the use of current tax efficient reliefs and exemptions, including the gift relief, rollover relief, retirement relief, taper relief and the enterprise investment scheme. We advise regularly in relation to retirement issues and related capital gains tax issues. We also advise on the capital gains tax implications of incorporating a business, disincorporation issue, sale of companies and pre-sale tax planning.
Inheritance Tax and Trusts.
Our service includes advice on the planning of an individual's affairs to mitigate inheritance tax, including the use of trusts and lifetime gifts, reviewing wills and advising on their inheritance tax implications and dealing with all tax issues relating to the administration of estates.
Pay As You Earn
We provide assistance in the completion of end of year P14,P35,P60 and P11D returns, in addition to the provision of payroll services. We also advise in relation to PAYE inspections from Inland Revenue compliance section and advise and assist in relation to the settlement of enquiries.
Value Added Tax
We provide a full compliance service including the preparation of VAT returns, advice in respect of distance selling, partial exemption, VAT schemes, recovery of VAT on cars, VAT aspects in relation to various types of businesses, fuel scale charges, VAT penalties, control visits, VAT registrations, business splitting, capital goods scheme, voluntary registration, option to tax issues and general VAT planning.
Employers' Taxes
Our range of services includes advice on employed/self employed issues, subcontractors, tax efficient remuneration packages including expenses and benefits, and advice to ensure compliance to PAYE regulations.
Business Tax
We provide advice on the most tax efficient method of business set-up (limited company or non-incorporated business). Advice is given to existing sole traders and partnerships and on the tax implications of incorporating a business including issues relating to income tax, corporation tax, VAT, capital gains tax, inheritance tax and stamp duty. We also advise on business cessations, extractions of funds from a business, pension planning and the tax efficient use of trading losses.
Corporate Tax
Our service includes the calculation, completion and filing of corporation tax returns. Advice and direction is provided in relation to the filing of returns and payment of tax.
Our tax department also specialises in corporate reviews to ensure that the structure of the company involved is the most tax efficient and effective relevant to that company or group of companies.
Tax Investigations
We provide advice in dealing with Inland Revenue investigations, self assessment enquiries and Customs & Excise enquiries. Our service includes technical assistance in resolving disputes with the Inland Revenue, assistance in making voluntary disclosures to the Inland Revenue, and submissions to Inland Revenue and Customs and minimise tax liabilities, penalties and interest.
Capital Allowances
Our service includes a review to maximise claims for first year allowances, writing down allowances and industrial buildings allowances thereby minimising tax liabilities in relation to capital expenditure on new buildings, refurbishments and other property investments.
Republic of Ireland
At M B McGrady & Co we have a number of clients, both individual and corporate, who are resident in the Republic of Ireland. We offer our clients in the Republic of Ireland the same comprehensive service, encompassing all aspects of taxation, that we offer our clients in Northern Ireland. We also provide advice on taxation in the Republic to clients based in Northern Ireland with business and/ or other interests in the Republic of Ireland.