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For Individuals

 

Self-Assessment Tax Return

The Self-Assessment rules get more complex every year and the penalties for an incorrect or late Tax Return can be expensive. HMRC is putting an increasing burden on taxpayers to comply with the legislation. 

We deal with all necessary tax compliance matters including completing and submitting your tax return.  We provide a calculation of the tax outstanding to enable you to budget properly for payments due.  Where overpayments of tax arise we ensure these are repaid as promptly as possible.  In addition we will offer tax planning advice to help you minimise your tax liability

Where necessary we will also deal with H M Revenue & Customs (HMRC) on your behalf.

Income Tax Planning

Whilst preparing your Tax Return we will review your overall tax position and offer tax planning advice where appropriate to ensure that your affairs are arranged as efficiently as possible.

 

Capital Gains Tax Planning

When you are considering the sale or gift of an asset whether it be company shares, property or other assets, we will advise on the best way to mitigate the potential capital gains tax liability.

 

Inheritance Tax and Estate Planning

Your Will should be reviewed regularly and especially when there is a major change in circumstances.  We can help you review your Will to ensure it is suitable for your current circumstances.  Our specialist advice will ensure that you are taking advantage of all the Inheritance Tax reliefs and allowances available.  We will help you plan your affairs so that your family is financially protected in the event of your death.

 

Tax Planning with Trusts

The use of Trusts is a complex area of tax planning but can offer both tax savings and the protection of assets.  Care must be taken to ensure that consideration is given to the interaction of all the taxes both income and capital.  We can advise on the use of lifetime or will trusts to ensure future generations receive maximum benefit from the family assets.  In addition, on behalf of the Trustees, we will deal with the ongoing compliance requirements such as the annual Trust Tax Return.

Some types of Trust also require regular inheritance tax returns.  We can deal with such returns and ensure they are submitted within the appropriate time limits.

 

Probate and Inheritance Tax

We can assist with the Probate Application and Inheritance Tax Returns required on death,. We offer a sympathetic and discrete service to executors and beneficiaries.