TAX FAQs

Q. Why should I choose Cobham Day instead of a large firm?

A. Simple: we’re a small, independent company so we try that bit harder. We pride ourselves on a down to earth approach and also offer a one-to-one service.

Q. Can you help me prepare my year-end accounts?

A. Yes. Cobham Day are Accountants as well as professional Tax Advisors

Q. When is Capital Gains Tax payable?

A. Capital Gains Tax is a tax charged on the profit made from the sale of an asset purchased at a lower price. Exemptions include, for example, principal private residences, as well as holdings in ISAs or gilts.

Q. I want to form a limited company. Can you help?

A. Yes. We can offer specialist advice to help you arrange company formations.

Q. I have a dispute with HM Revenue & Customs. It’s very time consuming and stressful.

A. Don’t worry. We have professional experience as Tax Inspectors. Nobody knows better than us how to deal with the Revenue!

Q. Can HMRC investigate my business whenever they like?

A. Yes. What’s more, the Random Selection team at HM Revenue & Customs investigates, on average, every business over a ten year period.

Q. How can I make sure my VAT returns are correct?

A. VAT is complicated. Not paying the right amount can cause major problems. We can sort out all your VAT worries.

Q. I spend much of my working day doing bookkeeping and staff payroll. How can I avoid this?

A. That’s what we’re here for! Leave us to deal with all your bookkeeping, VAT and payroll, and spend more time growing your business.

Q. I’m very busy during the working day. I can’t find the time to come and visit you.

A. No problem. We can visit you anytime, including after hours on a one-to-one basis. Call us now on 0151 285 3660.

Click here to contact Cobham Day for No Nonsense Tax Advice.