Tax Diagnostics

The tax system in the UK is incredibly complex, resulting in many individuals and business owners alike relying on help from tax accountants and advisers to navigate the countless HMRC rules to ensure that they are as tax efficient as possible. In fact, there are a whopping 17,000 pages of the UK tax code (the longest tax code in the world) so it is no surprise that many people and businesses are missing out on some opportunities to become tax efficient. Thankfully, that is where the team at McKellar Accountancy comes in. We have invested in some fantastic technology to make the most of a very complicated situation. 

What is Tax Diagnostic Software?

Tax diagnostic software is a tool which has never been available before and is only used by the most proactive accountants at the forefront of the industry. At McKellar Accountancy, we know that our expertise can be maximised and streamlined by making use of AI technology, and we want to bring these benefits to our clients.  Tax diagnostic software takes you through a fairly simple yes or no questionnaire, taking just 30 minutes to complete. The questions cover all areas of tax in the background, allowing your McKellar advisor to focus on your key goals and drivers. By applying your personal, business and financial situation to all of your advisory needs, we aim to find all the saving opportunities and tax reliefs available to you. With McKellar Accountancy, you can be sure that no stone will be left unturned, so you can be confident that we will help you be as efficient as possible with your tax. 

Personal and Company Tax Return Software

We understand the importance of keeping our clients in the loop when it comes to their tax returns, which is why we make use of tax diagnostic software to manage all of our accounts. This proactive approach to accounting makes use of cutting-edge technology to manage your accounts and analyse your tax opportunities efficiently. The technology also provides us with valuable insights into you, or your business’, key vulnerabilities, challenges and opportunities when it comes to tax and accounting, allowing us to identify the best course of action for you and your accounts. 

How Can We Help Your Business?

By working closely with you to develop an understanding of your business, personal and financial needs, we can identify the saving opportunities and tax reliefs available to you. So, you can rest assured that your tax needs are fully supported, resulting in you owing HMRC the lowest amount of tax possible. With HMRC it is easy as 1,2,3…4. 

1. The Initial Meeting

Our team will invite you along to complete a tax diagnostic review, which will also take into account your financial and personal information. The cutting-edge tech will then analyse your data to create a personalised questionnaire. 

2. Complete the Questionnaire

Next, we ask that you complete our easy-to-follow and user-friendly questionnaire, this allows us to gain a better understanding of your motives and ambitions

3. Analyse the Results

Once you have completed the questionnaire, you will receive a detailed report of every tax advisory opportunity relevant to your current situation. These results will give us a comprehensive insight into your financial circumstances.

4. Create a Strategy

With all the results together, we will be able to create a strategy to help you become more tax efficient and make savvy decisions for your business. With McKellar Accountancy, you can achieve an instant process with quick wins as well as long-term goals.

Tax Diagnostics with McKellar Accountancy

It really is that easy. If you are ready to seize the tax reliefs and opportunities available to you and your business, get in touch with McKellar Accountancy and we will set up your initial meeting.