Tax advice providers in Manchester, UK 2023: Our client base is diverse and includes sole traders, partnerships and limited companies. We also act for international businesses, including subsidiaries of foreign corporations. As part of accounting services to clients, we offer a modern approach to client services. And we offer the more technical and challenging accounting services, which most small firms of accountants cannot provide. For instance we are Registered Auditors and we have been offering R&D tax advice for nearly 20 years. Discover even more details on year end tax planning.
At Jack Ross Chartered Accountants, we work with businesses from various sectors, including property, construction, technology, professional services, and digital. We are known for our honest, open, and pragmatic approach to providing guidance, advice, and a range of services that help businesses achieve their goals, outperform their competition, reward their teams, and build strong and robust businesses.We are conveniently located in Manchester and would be happy to schedule a meeting to discuss your business and introduce you to the team assisting you.
Business property relief (BPR) is a way for UK businesses to reduce or eliminate inheritance tax on certain business assets. BPR was introduced in 1976 to help family-owned businesses continue trading after the owner’s death. They could do this without having to sell shares or the entire business to pay inheritance tax. BPR has since evolved. It is now often used to minimize tax on gifts made during a person’s lifetime or after their death. In order to qualify for BPR, a business must not be listed on a main stock exchange. Therefore, it may not be an option for public limited companies. Private limited companies, limited liability partnerships, and sole trader businesses may qualify for BPR. In order to qualify, a business must pass the 50% trading test. This means that less than 50% of the business’ activity must be made up of investment activities. For example, purchasing stocks and shares or buying land and buildings. It’s best to speak to us at Jack Ross Chartered Accountants if you’re unsure if your business qualifies for BPR.
Here at Jack Ross Chartered Accountants not only are we chartered accountants but we are Cloud Accounting specialists. We were one of the first firms in the UK to embrace cloud accounting technology. Our specialist team of cloud accounting experts operate within our jacrox.co brand, and you can find a wealth of information and resources by visiting our dedicated website by clicking here. We use and recommend a number of cloud accounting solutions and the associated add ons. We can review your requirements and advise on the cloud solution that best fits your needs.
Corporate tax advice: If you own a corporation or are a shareholder in a corporation, you’ll need to pay corporate taxes on the income that your business generates. Corporate tax advice can help you to understand your tax obligations and minimize your corporate tax liability. Investment and estate planning and inheritance tax advice: If you have significant wealth, you may need to consider tax planning for your investments and estate. A qualified tax professional can advise you on minimising the tax impact of your investments and estate and help you with tax compliance and other tax-related matters such as inheritance tax.
Our team of accounting professionals is dedicated to providing exceptional service to our clients. We have a strong reputation for delivering accurate, reliable, and timely services and are committed to helping our clients succeed. Whether you are a small business owner, a large corporation, or an individual seeking financial guidance, we have the expertise to assist you. Our professionals are knowledgeable in various industries and can provide personalized solutions to meet your specific requirements. You will be given a specialist accountant who will take the time to understand your business and help your business with business planning. See extra info on jackross.com.