Business Tax Accountants in Sheffield & Chesterfield

Business Taxes

Shorts' tax department has been absolutely fantastic - very reactive to any changes in law and saved our Company a lot of money in terms of Corporation Tax paid.
Ashley Holmes, Penny Hydraulics Limited

Our expert team is strategic and proactive, so you’re not just compliant or surviving, you’re thriving. With Shorts, tax is not an endurance but an opportunity, and by getting to know you and your goals, we can make it work to the best advantage for you and your business.

The traditional approach to tax often leads to nothing more than compliance but we know that strategic tax planning does much more. The better we know your business, its goals and the ambitions of the people behind it, the more we can use our tax services to help you get there. That’s why we dig deep, listen and understand, and then let your aspirations inform our strategic tax planning.

A step by step guide to Business Taxes

Our expert tax team make business tax planning not an endurance but an opportunity. By digging deep to understand your goals, we will present a strategic approach to your business taxes ensuring you can achieve your objectives in a tax efficient manner.

Our team of 15 Chartered Tax Advisers is the largest in the region and this range of business tax together with the quality of insight and advice we offer makes us truly unique. We are highly experienced in providing businesses with all the tax advice they need including:

Tax efficient profit extraction for business owners
Rewarding and incentivising key staff, including share schemes
Tax efficient group structures
Minimising corporation tax
Maximising tax relief on Property and Equipment through Capital Allowance claims
Tax reliefs available to innovative businesses through our Radius service, including
- Research and Development tax credits,
- Patent Box relief, and
- Grant Funding
Tax efficient succession planning
VAT compliance and planning
Tax structuring and advice relating to buying and selling businesses
HM Revenue & Customs enquiries and investigations
International taxes; and
Pensions

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Do you pay technical staff to solve technical problems, perhaps developing processes, products or software? If so, we are experts in helping you claim R&D tax credits from HMRC which give tax savings for innovating. The savings are significant – usually equivalent to around a quarter of the amount you’ve actually spent.

Tax savings may also be available for Research and Development allowances where you’ve built research facilities or Patent Box tax relief where you make profits derived from patents. We can even help you apply for Innovation Grants.

Our unique Radius service is designed to ensure that businesses claim their full entitlement to Government backed tax reliefs for innovation. We have 100% success record with applications submitted – a testament to our unrivalled expertise, which has saved our clients millions in tax.

Our team of dedication innovation tax specialists spend all of their time advising innovative businesses. That means you can relax and be confident that you’re being looked after by the experts. And, because our team includes an ex-HMRC adviser, you know that your claim will be successful.

Radius in detail

Every individual, company or partnership is affected by the complex rules of VAT on a daily basis. However, it is probably fair to say, that VAT remains the least understood of all taxes. Which is why we set up our specialist VAT advisory department; here to help guide you through the complex maze of VAT legislation.

Our team help with all areas of VAT from relatively basic issues such as initial registration, the completion and submission of VAT returns and advice on how to correct errors and mistakes, through to more complex issues such as assessments, control visits, cross border transactions and DIY house builds.

Within our VAT team are professionals with extensive experience of providing VAT planning advice on commercial property transactions and we have a proven track record in helping our clients structure these to minimise the impact on cash flow.

Whatever your VAT query, our expert team are here to help.

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Experience

Business taxes in numbers

Breadth of knowledge
Tax savings for clients
Specialists in all areas
Highly qualified tax team

0k

There are over 41,000 pages of tax legislation. That's why you need our team of experts to help you

£0m

Between 2014 and 2018 Shorts' Radius team have saved our clients £10m in R&D tax relief claims

100%

Our specialists can advise on every business tax - providing our clients with 100% coverage

0

We currently employ 14 Chartered Tax Advisers, more than any other local independent accountant

The most qualified tax team in the region.

Our Business Tax Specialists

Scott Burkinshaw

Tax Partner

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Brian Gooch

Tax Technical Director

David Robinson

Connor Smith

Stephen Allender

Abdul Kaleel

Manager - Business Taxes and Radius

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Emily Hurdley

Adviser - Business Taxes and Radius

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See our full team

What our tax clients say about us

Testimonials

Shorts are excellent at spotting opportunities. It’s part of the relationship where Shorts come back to me and say "do you know about this?"
Stuart Murphy
Rollem Patent Products Limited

The R&D and capital allowances work we did in the last financial year with Shorts saved the Company a six-figure sum in Corporation Tax.
Ashley Holmes
Penny Hydraulics Limited

Shorts keep Vivid up to date with the latest legislation and are very eager to save us money where possible with tax planning. We’ve also benefitted from using Radius and will continue to do so.
Gerry Arcari
Vivid Creative Limited

Business Taxes Updates

Most recent Business Taxes news

13 August 2019

Reasons to change your Corporate Structure

A reorganisation of a Corporate Structure can be achieved in a tax efficient manner, and often entirely tax free. Where there is a compelling reason to do so, in order to achieve a particular objective, we encourage companies and their owners to consider changing their corporate structure. In this first of two articles, we explore -

Does your business have an overseas Permanent Establishment?

As businesses seek to drive growth, they can see their activities expand beyond the UK and into the worldwide marketplace. Whilst this can lead to great opportunities, it can also lead to significant risks, in particular where there is a failure to comply with local tax requirements. If your business carries out activities in an overseas country resulting in income being generated, then that presence may create a Permanent Establishment in that jurisdiction.

Construction sector faces domestic reverse charge

In the 2019 Spring Statement the government announced their intention to pursue legislation to change how VAT operates in the construction industry. A domestic VAT reverse charge will be introduced with effect from 1 October 2019, so that responsibility for paying VAT on supplies of construction services will shift along the supply chain.

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