Business and personal tax accountants for startups, SMEs and entrepreneurs
entaxpro’s London based tax advisers are here to help your business prosper and grow. We proactively advise clients on the tax implications of starting and scaling ambitious businesses whilst optimising their personal tax affairs. We not only deal with compliance related tax obligations, such as VAT and Corporation Tax, but help clients navigate HMRCs landscape of incentives including R&D, (S)EIS and EMI schemes.
We typically do this as clients undertake transactions such as a investment rounds, corporate restructures, disposals and exits. Engage an advisor today to discuss:
VAT or Corporation Tax
A Self Assessment or Capital Gains Tax
(S)EIS Advance Assurance and Compliance
Research & Development Tax Relief claim
EMI Scheme (Valuation and Supporting Documents)
Schedule a discovery call with our tax accountants.
Tax Strategy
entaxpro recognises that its success derives from the trust it enjoys from its customers, counterparties, employees, investors, public authorities and the public in general. It also understands how taxation plays a key role and contributes to a sustainable development of society. Ethical, moral, and sustainable conduct in relation to tax matters, are therefore vital.
Our policies on Tax, Ethical Standards and Sustainability govern the our attitude towards tax risk management, tax planning, professional conduct and best practice when working with tax authorities. They also form the basis of this Tax Strategy which summarises entaxpro’s approach to conducting its tax affairs and dealing with tax related risks.
The Strategy is reviewed and approved by our board on an annual basis and the we regard our publication as complying with its obligations under paragraph 19(2) Schedule 19 Finance Act 2016.
Tax Related Risks
entaxpro has a low risk tolerance and this also applies to tax related matters. The key tax risks linked to our business operations are assessed to be:-
- Compliance risk - failure to submit timely and accurate returns or make payments to the tax authorities resulting in financial sanctions and/or reputational damage.
- Operational risk - failure in internal processes, systems or people resulting in unexpected tax costs, damages or reputational damage.
- Transactional risk - failure to adequately consider or control tax consequences of transactions entered into by the Bank, resulting in financial losses and/or reputational damage.
- Reputational risk - failure to comply with the Bank’s standards, resulting in a deterioration of its standing with customers, tax authorities, shareholders and the general public.
entaxpro seeks to minimise and manage these risks through the implementation of its Tax Governance Framework, the use of qualified in-house tax specialists, robust internal control and review processes, and engaging with external advisors where required. It monitors changes in the tax landscape and will update or amend its controls as required.
Tax Risk Governance
Our Board holds ultimate responsibility for ensuring that tax related risks are managed effectively. Its tax risk tolerances, which articulate the level and type of risks we are prepared to tolerate in pursuing it business objectives, are set out in the Tax, Ethical Standards, and Sustainability policies and managed through our Tax Governance Framework.
entaxpro applies a general ‘three lines of defence’ approach to risk management across the organisation. This also includes tax related risks and under the Tax Governance Framework, key roles, accountability and responsibilities are clearly assigned. As tax related risks may be found in numerous business areas, various departments within the our act as the first line of defence. Oversight and independent challenge is provided by the our 2nd Line of Defence functions, and additional assurance (3rd Line of Defence) is supplied by the our Internal Audit Department, which carries out independent assessment of how key risks are being managed.
Our in-house tax function is staffed by appropriately qualified tax professionals and is responsible for ensuring that all risks in relation to our own taxes are managed appropriately taking either a 1st or 2nd Line of Defence role. Where significant risks are identified, these are reported and/or escalated by the UK Head of Tax to the Chief Financial Officer and/or the Board Audit Committee. Tax compliance and transparency
entaxpro shall (at all times) endeavour to act in accordance with all applicable tax laws and regulations, and to be guided by prevailing international agreements/standards dealing with tax related matters. This applies to both intra-group and business transactions with external parties.
Attitude towards tax planning
entaxpro holds a conservative view towards tax planning. When providing products or services, or carrying out transactions, our corporate social and ethical responsibilities (as set out in its Tax, Ethical Standards, and Sustainability policies) are always considered.
In relation to its own tax affairs, entaxpro does not undertake transactions which, contrary to established tax practice, are designed to achieve tax results that circumvent or exploit gaps mismatches or disparities in tax legislations or international tax systems. All planning undertaken by us supports genuine commercial activity, complies with both the spirit as well as the letter of the law.
When working with its customers entaxpro does not advise, promote or offer products or services designed to facilitate abusive tax avoidance or aggressive tax planning.
