Northern Accountants: Your Trusted Tax Advisor Team
At Northern Accountants, we offer expert tax advisory services designed to maximise your savings, ensure compliance, and support your financial goals. Our team of specialists provide tailored solutions that address the unique needs of both businesses and individuals.
The success of our tax services is built on accuracy, responsiveness, and creating positive, proactive working relationships. With years of experience and a team of dedicated professionals, we pride ourselves on delivering a client-first approach with expert advice at every stage.
Our Approach: Smart, Proactive, and Personal
We believe that tax services should be more than ticking boxes and filing returns. That’s why we take a proactive and personalised approach to your tax needs.
Whether you’re seeking specialist tax planning, VAT advice, or compliance support, we work closely with you to understand your goals, anticipate challenges, and uncover opportunities to minimise liabilities and enhance savings.
Our team stays up-to-date with the latest tax laws and regulations, ensuring that you benefit from every available relief and incentive while staying fully compliant. With our expertise, you can focus on growing your business or managing your personal finances while we handle the complexities.
What You Can Expect
From your first consultation to ongoing support, our goal is to provide clear, jargon-free advice that you can trust.
Expect timely and responsive service, customised solutions, and a team that is committed to helping you succeed. Whether you need strategic tax advice, regular filings, or year-round guidance, Northern Accountants is here to support your journey to financial success.
Let’s work together to make tax work for you.
Why choose Northern Accountants? Expertise
Over 10 years of experience in tax advisory services.
Tailored Solutions
We provide bespoke tax advice that meets your unique personal and business needs.
Proven Results
Our tax-saving strategies have helped businesses and individuals optimise their finances and reduce tax liabilities.
Customer Focused
We’re committed to delivering clear, actionable advice that supports your financial objectives.
Add
Core Business Tax Services
• Corporation Tax Planning (CT)
• R&D Tax Relief (Research & Development)
• Land Remediation Relief (LRR)
Comprehensive Business & Property Tax Services
• Property Tax Planning
• Capital Gains Tax (CGT)
• Capital Allowances Review
• Business Relief Review
Private Client Services
• Personal Tax Planning (PT)
• Inheritance Tax Planning (IHT)
• Wealth Planning
Advanced Corporate Services
• Remuneration Planning
• Corporate Restructure
Corporation Tax Planning (CT)
Overview
Corporation Tax Planning is crucial for businesses looking to optimise tax efficiency and ensure compliance with the latest legislation. We offer strategic advice to minimise corporation tax while keeping your business growth on track.
Benefits
• Reduce your tax liabilities through careful planning.
• Improve cash flow and profitability by maximising available deductions.
• Ensure compliance with the latest tax regulations.
How It Works
We conduct a thorough review of your business’s financials and operations, identifying areas for tax savings. Our team provides ongoing advice to ensure you are capitalising on all available reliefs and deductions year after year.
What’s Included
• Expense Review: We identify tax-free benefits and deductible expenses to lower your corporation tax.
• Strategic Timing Advice: We provide advice on the optimal timing of significant business expenses.
• Capital Allowances: Reviewing expenditure on property or plant and machinery to claim relief on qualifying costs.
• Custom Reports: We create branded reports quantifying potential tax savings, with actionable steps before the year-end.
Services include preparing a tailored “My Tax Plan” report to reduce corporation tax liabilities.
Why Choose This Service?
Optimise your corporation tax liabilities and improve your company’s financial standing.
Target Audience
Small to large corporations across industries looking to optimise their tax strategy.
When to Use This Service
• At month 9 or 10 in your accounting period to ensure tax savings are maximised before the year-end. It’s all about being proactive rather than reactive!
• When planning major business investments or acquisitions.
R&D Tax Relief (Research & Development)
Overview
R&D Tax Relief is designed to encourage businesses to innovate by offering tax reductions on qualifying research and development activities. Whether you’re developing new products, processes, or services, we help identify eligible expenses and maximise your claim.
Benefits
• Claim up to 20% of your R&D costs as tax credits.
• Improve cash flow for reinvestment into future innovation.
• Strengthen your business by reducing tax liabilities while staying competitive.
How It Works
Our team conducts a comprehensive review of your R&D activities, identifying costs that qualify for tax relief. We handle all aspects of the claim process, ensuring compliance with HMRC regulations.
What’s Included
• Eligibility Assessment: We evaluate whether your projects aim to achieve scientific or technological advances and overcome uncertainties.
• Qualifying Costs: We identify the following eligible expenses:
• Staff Costs: Salaries, pensions, and NICs for employees directly involved in R&D.
• Consumables: Materials and utilities used during R&D processes.
• Software: Costs for software that supports R&D efforts.
• Subcontractor costs: Payments to subcontractors carrying out R&D activities on behalf of the company.
• Prototypes: Costs associated with developing and testing prototypes.
• Claim Submission: We manage the submission process and ensure all documentation complies with HMRC guidelines.
Our team reviews deductible expenses and generates a comprehensive branded report for you to understand and act upon.
Why Choose This Service?
To unlock hidden tax savings by claiming tax credits for innovation, reduce costs, and reinvest in future R&D.
Target Audience
Businesses involved in technological innovation, manufacturing, pharmaceuticals, software development, and more.
When to Use This Service
• When budgeting for a project involving R&D activity.
• During the development of new products or processes.
• When seeking to reduce corporation tax liabilities at year-end.
Land Remediation Relief (LRR)
Overview
Land Remediation Relief helps businesses reclaim the cost of remediating contaminated or derelict land. This relief is particularly valuable for companies involved in property redevelopment or environmental cleanup.
Benefits
• Deduct up to 150% of remediation costs from taxable profits.
• Offset significant expenses related to environmental cleanup projects.
• Reduce your corporation tax or receive a cash refund.
• You can look back and make a claim for the previous 2 accounting periods.
How It Works
Our experts analyse your land remediation activities and prepare detailed reports to maximise your relief claim. We ensure all claims meet HMRC’s standards and are submitted on time.
What’s Included
• Site Qualification: We assess if the land qualifies based on contamination or dereliction status.
• Eligible Remediation Costs: We identify all costs related to remediating contaminated land, such as:
- Removal of pollutants or harmful substances like asbestos, radon, or Japanese knotweed.
- Construction costs to develop cleaned-up sites.
• Tax Claim Process: Preparation and submission of claims to HMRC, ensuring all qualifying expenses are included.
• You can claim back 150% of the amount spent on cleaning contaminated land, reducing your corporation tax liability or receiving a cash refund if your company is in a loss-making position.
Why Choose This Service?
To significantly offset the financial burden of land cleanup projects and reduce your tax liabilities.
Target Audience
Property developers, environmental engineers, and businesses involved in land acquisition for redevelopment.
When to Use This Service
• When undertaking large-scale land or property development projects.
• When incurring costs to clean up contaminated land.
• When acquiring a new office/ factory for your trade which requires decontamination before it can be used.
Property Tax Planning
Overview
Property Tax Planning helps individuals, landlords, and businesses manage the tax implications of property ownership, investment, and disposal. Our service focuses on optimising your property portfolio for tax efficiency, ensuring you minimise tax liabilities while maximising returns on your real estate investments.
Benefits
• Minimise tax liabilities related to property investments, including Stamp Duty Land Tax (SDLT), Capital Gains Tax (CGT), and Inheritance Tax (IHT).
• Maximise returns by structuring property ownership in a tax-efficient manner.
• Ensure compliance with changing property tax regulations.
• Passing wealth to the next generation in a tax-efficient manner.
How It Works
We review your property portfolio and transactions, offering strategic advice on minimising taxes during acquisitions, sales, or ongoing management. Our team assesses your ownership structure, helping you take full advantage of available tax reliefs and allowances.
What’s
Included
• Ownership Structure Review: We assess whether holding properties personally or through a company is the most tax-efficient method based on your goals and portfolio.
• Capital Gains Tax Planning: Advice on minimising CGT liabilities when selling properties, including spousal transfers, holdover relief, or timing strategies.
• Property Income Tax Planning: Assistance with tax-efficient ways to manage rental income, such as transferring shares of the property to a spouse or using allowances effectively.
• Ongoing Portfolio Management: Regular reviews of your property portfolio to ensure that it remains tax-efficient as tax laws change and your
Why Choose This Service?
To reduce tax exposure on property transactions, enhance the profitability of your property investments, and ensure long-term tax efficiency for your real estate portfolio.
Target Audience
Landlords, property investors, developers, and businesses with substantial property holdings.
When to Use This Service
• When acquiring or disposing of property.
• When managing a growing property portfolio.
• When restructuring ownership to maximize tax reliefs. Typically this should be looked at every 5 years or when there are major changes to the tax legislation.
Capital Gains Tax (CGT)
Overview
Capital Gains Tax (CGT) applies to the sale of assets such as property, shares, and business interests. Our CGT planning service ensures you minimise tax liabilities when disposing of valuable assets.
Benefits
• Maximise profit retention by reducing tax on asset disposals.
• Benefit from strategic tax planning to ensure the lowest possible CGT liability.
• Explore available exemptions and reliefs such as Principal Residence Relief or Business Asset Disposal Relief.
How It Works
We evaluate your asset portfolio and disposal plans to identify tax-saving opportunities. From property sales to business share transfers, we provide tailored strategies that reduce your tax burden.
What’s Included
• Asset Assessment: We review your property or business assets, providing detailed CGT calculations based on the nature of the disposal.
• Mitigating CGT Liabilities: We assist with:
- Applying Principal Residence Relief.
- Applying Business Asset Disposal Relief and Substantial
• Shareholdings Exemption.
• Structuring the timing of disposals for maximum tax efficiency.
• Utilising spousal transfers and reliefs to minimise your liability.
CGT Submission: We help with setting up CGT property accounts and filing returns.
Services include pre-sale tax planning, exploring options such as spousal transfers or maximising reliefs related to property sales.
Why Choose This Service?
To ensure you don’t overpay on capital gains by using strategic planning.
Target Audience
Individuals and businesses disposing of high-value assets, property owners, and investors.
When
to Use This Service
• Before selling property, shares, or business interests.
• Before gifting assets to family and friends.
• During estate or succession planning to pass assets on efficiently.
Capital Allowances Review
Overview
A Capital Allowances Review helps businesses claim tax relief on qualifying capital expenditures such as property and equipment. This review identifies eligible costs that can reduce your taxable profits, leading to significant savings on Corporation Tax.
Benefits
• Claim tax relief on property improvements, machinery, and equipment.
• Free up cash by reducing taxable income.
• Maximise the value of your capital investments.
How It Works
We conduct a thorough analysis of your capital assets, identifying expenses that qualify for capital allowances. Our team ensures that your business is taking full advantage of available reliefs and submits the claim to HMRC on your behalf.
What’s Included
• Initial Consultation: We assess your current capital expenditures, focusing on eligible assets such as plant and machinery, building improvements, and integral features.
• Detailed Review: Our specialists evaluate your property and assets to identify qualifying expenditures.
• Capital Allowances Claim: Preparation and submission of your capital allowances claim to HMRC, ensuring compliance and maximising savings.
• Ongoing Support: We monitor any future capital expenditures to ensure ongoing tax relief.
Why Choose This Service?
To recover tax relief on capital investments, free up cash flow, and optimise your tax strategy.
Target Audience
Businesses with significant capital investments, including property owners, manufacturers, and retailers.
When to Use This Service
• When purchasing or improving commercial property.
• During significant capital investments in machinery or equipment.
Business Relief Review
Overview
Business Relief is a key tax relief for businesses that helps reduce Inheritance Tax (IHT) on the transfer of business assets, whether that be during your lifetime or on death. Our Business Relief Review ensures your company is structured to maximise this valuable relief and protect your assets for future generations.
Benefits
• Reduce or eliminate IHT on qualifying business assets.
• Safeguard valuable business assets for your heirs.
• Ensure your business qualifies for the maximum relief available.
How It Works
We assess your business structure, assets, and trading activities to ensure they meet the criteria for Business Relief. Our team provides guidance on optimising your eligibility and securing the relief for future transfers.
What’s Included
• Initial Assessment: We review your business’s activities, structure, and assets to determine if they qualify for Business Relief.
• Qualifying Asset Identification: Identification of qualifying assets and strategies to improve your eligibility for relief.
• Tax Planning Report: A comprehensive report outlining your eligibility for Business Relief and recommended actions to safeguard your assets from IHT.
• Ongoing Monitoring: Regular reviews to ensure your business continues to meet the qualifying conditions for Business Relief.
Why Choose This Service?
To protect your business assets from IHT, ensure they can be passed on to the next generation without the burden of heavy taxes.
Target Audience
• Business owners looking to protect their company assets from IHT liabilities.
• Business owners who are looking at succession planning and how best to transfer the business onto the next generation.
When to Use This Service
• During estate planning for business succession.
• If you have significant business assets that you wish to transfer to heirs or family members.
• Typically, it should be reviewed every couple of years to ensure that the business assets still qualify for the relief.
Personal Tax Planning (PT)
Overview
Personal Tax Planning ensures that individuals can manage their wealth in a tax-efficient manner. Our experts help you structure your finances to reduce income tax, capital gains tax, and inheritance tax liabilities.
Benefits
• Minimise tax on income, investments, and asset disposals.
• Tailored financial strategies to align with your personal goals.
• Maximise the use of allowances and exemptions.
How It Works
We provide personalised advice on tax-efficient investment strategies, asset management, and estate planning. Our team ensures compliance while reducing your tax exposure.
What’s Included
• Income Structuring: We assist in organising income sources (salary, dividends, rental income) to reduce tax exposure.
• Pension and Investment Strategies: Tailored advice on pension contributions and tax-efficient investments.
• Tax-Efficient Gifting: Strategies for sharing income or gifting assets, leveraging tax exemptions and allowances.
Personal tax plans are developed to optimise your income tax and capital gains tax liabilities, with practical steps to ensure tax efficiency.
Why Choose This Service?
To ensure that your personal finances are structured in a way that minimises taxes and maximises savings.
Target Audience
High-net-worth individuals, business owners, and anyone seeking to optimise their personal finances.
When to Use This Service
• During significant life events such as retirement, marriage, or inheritance.
• When managing a diverse portfolio of income streams or assets.
Inheritance Tax Planning (IHT)
Overview
IHT Planning helps individuals pass on their estate to loved ones in a tax-efficient way. We offer strategies to reduce or eliminate inheritance tax liabilities, ensuring your wealth is preserved for future generations.
Benefits
• Minimise or eliminate IHT on your estate.
• Protect your assets and ensure they are passed on to beneficiaries efficiently and in line with your wishes.
• Use exemptions and reliefs to reduce your tax exposure.
How It Works
Our team evaluates your estate and advises on a range of strategies, including lifetime gifting, trusts, and reliefs. We ensure that you make the most of available options to reduce IHT.
What’s Included
• Estate Evaluation: We assess your estate, calculate your current exposure to IHT and provide advice on how to reduce it.
• Use of Reliefs and Exemptions: Applying reliefs like Business Relief and Agricultural Property Relief where appropriate.
• Lifetime Gifting: Assisting with strategic gifts to reduce the taxable value of your estate.
• Trust Formation and Management: Advice on setting up family trusts to manage and protect wealth.
Services include the use of the “Legacy” tool to create a comprehensive personal balance sheet and bespoke inheritance tax planning options.
Why Choose This Service?
To preserve wealth for future generations and minimise the impact of inheritance tax on your estate.
Target Audience
Individuals with significant estates or those concerned about inheritance tax implications.
When to Use This Service
• When creating or updating a will.
• Before making large financial gifts or transfers of assets.
Wealth Planning
Overview
Wealth planning focuses on the long-term financial well-being of individuals and families, offering tailored strategies to grow, protect, and transfer wealth in a tax-efficient manner.
Benefits
• Build and preserve wealth through smart tax planning.
• Ensure a smooth transfer of wealth across generations.
• Reduce tax on income, investments, and the estate.
How It Works
We work closely with you to develop a comprehensive wealth plan that reflects your financial goals. From investment strategies to estate planning, we provide expert guidance every step of the way.
What’s Included
• Comprehensive Wealth Review: We evaluate your wealth structure, including investments, properties, and other assets, to ensure they are managed tax-efficiently.
• Inheritance and Succession Planning: Advice on how to transfer wealth to the next generation with minimal tax exposure.
• Trust and Investment Structuring: Assistance with setting up tax-efficient investment vehicles, trusts, and pensions.
• Custom Reports and Ongoing Reviews: Tailored reports based on your financial goals, with regular reviews to ensure your strategy remains optimal.
We offer detailed assessments for creating Family Investment Companies (FICs) and utilising growth shares to transfer wealth tax-efficiently to future generations.
Why
Choose This Service?
To safeguard your wealth and ensure it is managed effectively for the future while minimising taxes.
Target Audience
Individuals, families, and business owners looking to protect and grow their wealth.
When to Use This Service
• When planning for retirement or passing wealth to heirs.
• During significant financial events such as the sale of a business.
Remuneration Planning
Overview
Remuneration Planning helps business owners and directors optimise how they compensate themselves and their employees, minimising tax liabilities while maximising financial benefits. This service ensures your remuneration strategy is both competitive and tax-efficient.
Benefits
• Extract profits from your business in the most tax-efficient way.
• Offer competitive remuneration packages to attract and retain talent.
• Minimise employer and employee tax liabilities.
How It Works
We assess your current remuneration strategy, including salaries, dividends, benefits in kind, and pensions. Our team provides guidance on the most taxefficient methods of paying yourself and your employees while remaining compliant with tax legislation.
What’s Included
• Current Remuneration Review: A thorough review of your existing salary and dividend structures, ensuring they are tax-optimized.
• Tax-Efficient Strategies: Advice on using tax-free benefits, such as pensions, benefits in kind, and interest on directors’ loans, to minimise liabilities.
• Custom Remuneration Report: A detailed report outlining the best remuneration structure for your business, tailored to your individual goals.
• Ongoing Advice: Regular reviews to adjust your remuneration strategy as tax laws and business needs evolve.
Why Choose This Service?
To minimise tax on business profits while providing yourself and your employees with the best possible financial benefits.
Target Audience
Business owners, directors, and shareholders looking to optimise their remuneration strategy.
When to Use This Service
• When restructuring your compensation plan.
• If there have been recent changes in tax legislation or business growth that require adjustments to your strategy.
Corporate Restructure
Overview
Corporate restructuring involves reorganising a company’s structure to optimise tax efficiency, streamline operations, and support long-term business goals. We specialise in creating group structures that maximise tax benefits.
Benefits
• Minimise tax on intra-group transfers and dividend payments.
• Facilitate efficient asset transfers between group companies.
• Improve operational efficiency through centralised management.
• Protect assets and surplus profits from the risk of trade creditors.
How It Works:
We assess your current corporate structure and design a plan that aligns with your business objectives. Our team handles everything from incorporation to tax planning, ensuring a seamless transition.
What’s Included
• Initial Consultation: A thorough assessment of your current corporate structure and goals, discussing the benefits of creating a group structure or changing share structures.
• Detailed Step Plan: We provide a step-by-step restructuring plan, ensuring compliance with HMRC and mitigating any tax risks.
• HMRC Clearance: Drafting and submitting clearance requests to confirm the tax treatment of corporate restructuring.
• Ongoing Support: Full support throughout the process, including incorporation of new companies, share transfers, and filing the necessary legal documents.
Includes services such as creating a new holding company and preparing HMRC clearance requests to defend transactions against potential tax disputes.
Why
Choose This Service?
To maximize tax efficiency and create a streamlined corporate structure that supports growth and asset protection.
Target Audience
Corporations looking to expand, merge, or streamline operations through restructuring.
Shareholders who own various businesses not under the common control of a holding company.
When
to Use This Service
• During business expansions, acquisitions, or mergers.
• When seeking to protect valuable assets from creditors.
Our clients say...
“Glynis and I have reached an age where we have to make some decisions about the future from a financial perspective. These decisions cover a wide range of issues and all have a tax element. The service we have received from you and Northern Accountants has been excellent and we cannot think of any way you could improve it. Your extensive knowledge across all the tax issues is obvious and has been a big help to us in making informed decisions. Many thanks for all your help.”
Richard and Glynis
“Can’t recommend Northern Accountants enough. Phil has a strong, approachable team behind him. We’ve worked extremely closely with Lauren covering tax planning and group structure in the last six months and given the complexity of this, Lauren has always given us a simplified explanation to enable us consider the options without any undue urgency or pressure, as with other accountants. Really pleased with all NA have done so far. Thank you all.”
Lynn Williams Bluepoint Marine Services Limited
“Lauren and the team at Northern Accountants have proved to be the perfect partner to support Omega and our clients with their Asbestos Remediation Claims. Their experience and understanding of remediation tax law makes for an easy path to claim. Many of our eligible clients have since processed repeat claims and continue to use the education given to calculate tax returns at the point of budgeting projects for sign off.”
