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

Amazing amount raised for the Great North Air Ambulance Service - £10182 and still rising!

Tricia and staff were delighted to hand over their cheque at the Air Angels Ball at the Hilton,… 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 >