Taxation
Helping you conduct your business in a
tax efficient way.
As taxation advisers based in Birmingham and Wolverhampton, our objective is to work closely with you to ensure you pay the minimum tax required by law.
- Self assessment, corporation tax and VAT - all handled in house
- We explain the tax consequences of your decisions before you make them
- HMRC enquiries handled for you - including representation
Prefer to talk? 0121 753 5522
Book a free consultation, and we’ll provide a personalised approach to your finances
- No obligation
- Same working day reply
- Kept private
Plan ahead, rather than react.
We help you understand the tax consequences of the decisions you are taking, so you can plan ahead and conduct your affairs in a tax efficient way.
That matters because nobody else is going to do it for you.
HMRC staff are not tasked to advise you on how to organise your affairs or minimise your tax.
Taxation services.
Four areas, covering most of what a growing business runs into.
Self assessment and tax returns
Prepared, calculated and filed using HMRC approved software.
Corporation tax
Returns, computations and the planning that sits behind them.
VAT
Registration, scheme choice, control and reconciliation, and the returns themselves.
HMRC investigations and enquiries
We deal with HMRC directly, and represent you if it goes further.
Do you need help with your self assessment?
You will need to complete a personal tax return if any of the following apply to you.
- Self-employed or a partner in a partnership
- Company director
- Large amounts of savings or investment income
- Untaxed savings or investment income
- Land or property that is being let
- Household receives Child Benefit and income exceeds the High Income Child Benefit Charge threshold
- Overseas income
- Sale of, or gifted, an asset such as a holiday home or some shares
- Live or work abroad, or are not domiciled in the UK
- HMRC has issued a notification to complete a tax return
We use HMRC approved software to complete your return, calculate the liability, file it online and tell you what is due and when.
VAT services.
VAT is where most avoidable penalties come from, because the rules reward getting the set-up right at the start.
Registration
Assistance with VAT registration at the right point, not late.
Planning and administration
Advice on VAT planning and day-to-day administration.
Scheme choice
Use of the most appropriate scheme for how you actually trade.
Control and reconciliation
VAT control and reconciliation so the returns tie back to the records.
Returns
Help with completing and filing VAT returns.
Dispute and tribunal
Negotiating with HMRC in disputes, and representing you at VAT tribunals if necessary.
Reviews
What people say on Google.
Before Onyx we didn’t really have a clue where we stood from one day to the next. They helped us take financial control of the business — and gave us real insight into running it better.
Diligent, fast to respond, and they go the extra mile. They made us fully compliant and fixed errors I didn’t know were there. A very positive move from my previous accountants.
Eight years in, they still go well beyond compliance — strategic advice, quick answers, and a genuine eye on opportunities that benefit us.
Questions we get asked.
When is my self assessment due?
For a tax year ending 5 April, the online return and any balancing payment are due by the following 31 January, with payments on account due 31 January and 31 July where they apply. We will confirm your exact dates and what is payable when we prepare the return.
What happens if HMRC opens an enquiry?
Tell us straight away and do not reply directly. We will handle the correspondence, work out what HMRC is actually asking for, and represent you. Most enquiries are far less alarming than the opening letter suggests.
Should I be VAT registered?
You must register once your taxable turnover passes the registration threshold on a rolling 12-month basis, or if you expect to pass it within 30 days. Voluntary registration sometimes makes sense below that, depending on who your customers are. We will check the current threshold against your figures and tell you.
Do you handle both the company and the directors?
Yes, and it is usually better that way. Corporation tax, dividends, salary and personal tax interact, so looking at them together tends to produce a better answer than treating them as separate jobs.
Contact us now for a free, no-obligation consultation.
No obligation, and a fixed written quote before you commit to anything.