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Tax
Our experts at Banks & Co will help guide you through the world of tax, keeping you up-to-date with all the latest changes and regulations.
Since 1993 Banks & Co we have been providing expert Tax advice to both private and corporate clients..
We offer a range of tax services for businesses and individuals, whether it is tax advisory or tax compliance, making sure your tax affairs are up-to-date.
- Business Taxation: Tax rates, reliefs and regulations are constantly changing, so whether you run a limited company, partnership or self-employed business, we can offer all the necessary assistance and advice you need to ensure you are in compliance and avoid unnecessary fines. We will carefully evaluate and produce accurate business tax computations and returns taking account of all available reliefs and claims. By seeking to keep in regular contact throughout the year, we will be well-placed to advise you on planning opportunities that may arise before the end of each accounting period.
- Personal Taxation and Self Assessment: Our experienced tax team help to demystify the complex world of personal tax through self assessment and tax regulation. They will ensure that you pay the right amount of tax taking in to account all available allowances and deductions. We recognise that self assessment is not just a tax return preparation ‘shop’, but an all year round service to resolve and assist with tax issues as they arise and ensure that payments are made at the correct time. Depending on your tax situation, we can develop a tax planning approach so that you are aware of future tax liabilities and how they can be mitigated in the most tax-effective manner.
- Capital Gains Tax: Whether you own a second property or hold an investment portfolio of several properties or shares, we can advise you on the Capital Gains Tax implications surrounding a planned sale and any claims and reliefs that may be available to you.
- Inheritance Tax: We provide Inheritance Tax advice to many of our private clients in relation to their estates and for succession planning. We can help you plan to ensure that your personal wealth is passed down to your chosen beneficiaries in a tax-efficient manner. We also work with several firms of solicitors to assist trustees and executors of estates with the preparation of Trust and Estate Tax returns and Inheritance Tax forms.
Our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax, whether you're considering investments, a second home, or another asset.
Every year, corporation tax rates and reliefs vary, so we make sure we can offer all the necessary assistance and advice when examining potential exemptions, allowances, and deductions. In order to make sure you are in compliance and avoid fines, we will carefully evaluate and produce corporate tax filings.
Whether you're considering investments, a second home, or another item, our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax.
We can help walk you through the complicated subject of personal taxation, we are aware that it can be challenging to grasp, therefore we support you every step of the way. By developing a tax planning approach that works for your tax situation and helps ensure you pay the least amount of tax, we eliminate the time and worry involved. Our staff will provide guidance on when payments are due in addition to what paperwork must be submitted and returned in order to maintain compliance.
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Latest news from [Company name]
UK businesses are facing a “cost of business crisis”, according to the British Chambers of Commerce (BCC). Its new cost-stack calculator shows government policy alone has pushed up an average firm's expenses by 70% over the past decade, adding roughly £827,000 a year in costs for a typical mid-sized business. About a quarter of the rise stems from the increase in employer National Insurance contributions, with the higher minimum wage and mandatory pension auto-enrolment also major contributors.
Under Making Tax Digital (MTD) for Income Tax, sole traders and landlords with income of more than £50,000 have been required to keep digital records and send quarterly updates to HMRC since 6 April 2026.
The UK jobs market showed fresh signs of strain in the latest labour market figures, published by the Office for National Statistics on 18 August 2026.
Those who have turned their hobby into a side hustle are being reminded by HMRC that their income from these activities may be taxable.
The Information Commissioner's Office (ICO) has carried out searches at residential and business premises across the UK as part of an investigation into suspected nuisance marketing linked to car finance mis-selling claims.
Many businesses start the year with ambitious sales targets. The problem is that increased sales do not always translate into increased profits.
HMRC is using Playday, the national day for play, to remind working parents about the Tax-Free Childcare scheme, which can help eligible families meet the cost of nurseries, childminders, holiday clubs, breakfast clubs and after-school clubs.
According to a BBC report, businesses investing in Artificial Intelligence (AI) are finding it increasingly difficult to predict what their technology bills will look like, as reliance on AI increases.
