Effective Tax Planning

Personal Tax

The needs of individuals are complex and despite the governments claim to have simplified the tax system with the introduction of Self-Assessment regime many tax payers struggle to complete their returns correctly.

Our tax team will ensure that all the statutory requirements under current tax legislation are met but more importantly will review your individual circumstances to ensure you are taking advantage of opportunities to minimise your tax position.

Corporate Tax

Our tax compliance service is second to none and we can guide you through the minefield of the various tax returns, assisting you with the preparation of returns and letting you know well in advance of due dates for submission of returns and payments of tax.

As part of our tax compliance service, and unlike many other firms of accountants, we spend a little extra time looking at your returns to see whether there are any beneficial claims that can be made to reduce or postpone your tax bill. All part of the service.

If you need help with your tax return or would like us to see if we can reduce your tax, please contact us.

Tax Planning

All businesses and individuals need to control their overheads and Garratts are firm believers that the tax cost should be controlled in the same way as other overheads such as wages and electricity.

Almost all commercial decisions have a tax impact and whilst tax should not be the main driver behind any commercial decision, the tax effect should always be taken into account.

With effective tax planning, it is possible to positively increase the benefit of commercial decisions, negotiations and the structuring of transactions. We urge all of our clients to liaise before and during the decision making process so that the most effective tax result can be achieved.

Garratts has extensive experience advising clients on tax planning in many areas including, Land Remediation Relief, Research & Development Tax Credits, Furnished Holiday Letting claims, Capital Allowance claims, Pension planning, Trusts, Wills and remuneration packages to name a few.

If you want to manage your tax cost, speak to us about tax planning.

Independent Specialists

Offering unbiased ‘whole of market’ accounting and financial solutions.

Long-Term Business Partners

Helping to achieve growth and success, whatever the nature of the business.

Our Services

Accurate financial information and pragmatic advice is fundamental to the success of any business. Our inherent corporate culture coupled with a totally professional service provides our clients with an extra dimension, whatever their business.

Our focus is on our business philosophies - working partnerships, total commitment. These, coupled with resourcefulness, when applied dynamically, achieve growth and success, whatever the nature of the business.

The success of these philosophies has enabled Garratts to become one of the region’s largest independent professional service practices, primarily through client recommendations. From offices at the financial heart of Wolverhampton, a dedicated team of over twenty professionals serves a client base that ranges from small and new businesses to privately owned medium sized companies across all areas of business and commerce.

Accountancy

Seamless, reliable and quality accounts preparation for all sizes of business, including sole traders, partnerships and limited companies.

Corporate Finance

Our team of experienced financial advisers can provide you with a fast and effective solution for your finance and investment needs.

Financial Planning

We work with a team of IFAs, who can provide you with impartial independent financial advice regarding a wide range of  investments and pensions.

Specialist Sectors

Covering all aspects of tax relief, capital gains and subsidies across a range of sectors including medical, manufacturing, agriculture and construction.

What Our Clients Say

“ We have used Garratts for Tax Advice and the submitting of our returns to the I.R. for many years now. Apart from the efficient way in which the returns have been done it has been re-assuring to have always dealt with one accountant and to be easily able to reach her for advice when necessary. ”

Chris & Annette - Flints Partnership

“ Starting my own business was a very exciting time for me until I encountered book keeping and VAT etc., it then became very daunting but, big thanks to Garratts who explained every aspect to me in plain English so much so that I am now more than confident to keep my own accounts for my business. Not only do I consider Garratts part of my company I consider them as friends. ”

Joseph Farrow - JF Tiling Ltd.

“ After a number of years using ‘One of the Big Four’ Accountancy firms, we moved to Garratts more than a decade ago and we have been delighted with the service we’ve received. Our Company has seen a good deal of change – we’ve been through the highs and lows of the economic cycle, we’ve sold trading divisions, we’ve moved into new areas of business and we’ve expanded significantly.

Keeping control, keeping an understanding of our financial situation and keeping on top of our statutory obligations has certainly not become any easier over that time. Our relationship with Garratts has been very important to us. We get a highly professional service from faces we know well and well informed opinion and all for a very competitive price. I’m very pleased to recommend the firm to others. ”

Tim Edwards, Chariman - Boningale Ltd.

“ Since our introduction to Garratts back in 2002 when we formed the company, they have provided the tailored level of service that we needed throughout out our period of growth over the next few years. This led to the formation of another business which again Garratts formed for us and have continued to look after as we have grown in the ever difficult market sector in which we exist.

Through Garratts total understanding of the different businesses they are best placed to provide us with efficient and tax optimising solutions as we concentrate on the main activities of the businesses while always providing the day to day advice and input as and when required. ”

Mark Owen, MD - ARO Properties Ltd. & DKM Homes Ltd.

ICAEW Chartered Accountants

If you're thinking of using the services of an accountant you should look for someone who has a professional qualification; always check what qualifications and experience they have. Appointing an ICAEW Chartered Accountant or regulated firm will ensure you get someone who is qualified, committed and accountable.