Small or medium-sized business in the UK
If you are a small or medium-sized business in the UK then you will want to know how to find corporate tax advisors. In the UK it is essential to use an accountant or tax consultant because they will be able to properly advise on tax matters, particularly when it comes to paying UK tax. The most important thing to do when considering how to find a corporate tax advisor is to make sure you find a tax professional that is right for the task.
Smaller Bussiness
It may be tempting to use the services of a tax advisor from your local supermarket. While this may seem like an obvious choice it is quite simply not a good idea. For one thing, the tax office in the UK may not be as friendly to smaller businesses as the authorities in the US.UK tax rules and regulations are vastly different from those in the US and they are also much stricter.
Accountants or Trades People
One of the best places to look for tax advisors in the UK is to ask people that you know and interact with them socially. For instance, if you know any construction experts, accountants or tradespeople then they should be able to provide you with a few names of reputable tax accountants and tax consultants.
It is also worth asking your work colleagues about their own tax advisors and accountants as these people will be happy to recommend a good tax accountant or tax consultant. In addition, asking your work colleagues could lead you to an accountant or tax consultant that you simply have to meet.
If you cannot find any recommendations from your friends and work colleagues then it is important to ask your tax advisor from an accounting firm. As you will already know the tax office in the UK will not necessarily favor accountants but accounting firms will usually be able to get to the bottom of any issues concerning you and your tax affairs.
Accounting Firms
As many large accounting firms are run by men (most of whom are men) this may be something of a bias. Also with many large accounting firms, there may be only one tax advisor on hand, whereas if you choose to deal with an accounting tax consultant you have the added advantage of having more than one tax advisor to deal with your case.
However, the disadvantage with using an accounting firm is that many accountants can be quite pricey and as most accountants are paid on a commission basis this means that you may end up paying more than you would if you had chosen to go down the self-employed route.
How to Find Corporate Tax Advisors in the UK
There are loads of ways on how to find corporate tax advisors in the UK. One thing to remember though is that even though a company may have a good tax professional they are not all created equal. There are hundreds of accounting firms in the UK and not all of them will be able to help you with your tax needs.
The first place that you should look for tax advisors available is of course on the internet. This is because the internet is probably one of the most popular places to find what you are looking for. What you need to bear in mind is that you should always be cautious when choosing an online tax advisor. You can never be sure as to the quality and experience that these tax advisors will have.
Tax Advisors Available
Another way on how to find corporate tax advisors available is by asking friends and family who may have worked or still work in the same place. If you know anyone that has used a tax advisor then you should ask whether they would recommend them. It is important that you are able to trust the advisors that you are considering as if they are the right ones then you could get very good advice.
However, it is also vital that you do not end up with a poor quality tax advisor simply because they happened to know the right person. If you end up with a poor-quality advisor then it could prove to be very damaging to your business. The final way on how to find corporate tax advisors available is by going through a corporate tax broker.
A corporate tax broker will be able to offer you the best advice possible as they have been hired by various tax agencies and will be able to offer a variety of tax consultants. Because brokers have contacts with various tax agencies, they are often able to offer you very good advice. However, if you want to go down this route then you should be prepared to pay a large fee.
