Accounting and Taxation advice in Hexham, Northumberland

Why pay 40% or more tax?

We regularly work with our clients to help them to avoid paying unnecessary tax which can be a significant proportion of earnings.

There are many reasons why you might pay higher-rate tax, but there are equally as many opportunities to reduce your overall tax bill - too many to describe in a single example.

We regularly work with growing businesses which, whilst profitable, require cash to re-invest into the business. Initially, these businesses may be better run as a sole trader/partnership entity but there will be a natural point at which it is advisable to transfer the business into a limited company.

Getting the time right for the transfer to a limited company requires technical expertise and also an element of judgement - we recently helped a client to make such a change, thereby reducing his annual tax bill from £30,000 to £20,000 each year

Latest News

Thoughts for the week ending 3rd July

Hi folks,I must begin by offering my most sincere sympathies to our MP for Hexham Guy Opperman and… more >

MAKING TAX DIGITAL (MTD)

Are you ready?

You may well need to prepare your business for this fundamental HMRC change to the tax system.... more >

About Us

Meet the team

Patricia J Arnold & Co Ltd was founded in 1985 to provide accounting and taxation advice... more >

Services

Services

We provide a professional and friendly service tailored to individuals, partnerships... more >