Personal tax planning advice
Handling your own tax affairs can, for want of a better word, be rather taxing. Having an experienced tax advisor in your corner can not only make a significant difference to your tax liability, but it takes the stressful and time consuming task of handling your own taxation affairs off your hands. We can provide you with tax advice all year round, and we’re always just one call away if you need us.
Not only can we offer you specialist tax assistance, our close links with Tilney, one of the UK’s leading wealth management advisors, mean we can arrange independent investment advice and thus access a range of wealth management services.
Some of the key areas that we work in include:
Self-Assessment Tax Returns
Self-Assessment Tax Returns can be an incredibly time consuming and often stressful requirement for business owners and the self-employed. We can help take the pressure off your hands, by communicating with HMRC, gathering the relevant information, calculating your tax liability, advising on payments and filing on your behalf. We’ll minimise your tax bill and remove the hassle of handling your own taxation affairs.
Property investment tax advice
Buying property continues to be a popular form of investment for many people looking to retain and grow their wealth over the long term. The income returns are relatively secure and capital gains can be generated from the eventual sale. We can provide you with all the necessary tax advice, whether that’s here in the UK or abroad, to help you make the most out of your investment.
The tax rules surrounding property have become increasingly complex in recent years and the right advice can help ensure you don’t become entangled in the web of regulations. If you’re a landlord we can give you advice on things such as Stamp Duty Land Tax, VAT and Capital Gains Tax.
Having a trusted advisor to help you plan for your pension can be one of the most advantageous long-term tax decisions you can make. We can assess your situation on an individual basis and work out a bespoke solution which can help you achieve your goals. There are a number of routes you can take when saving for your retirement, and we’ll consider each when looking for the most tax efficient way for you. We can suggest options such as ISAs, venture capital trust investments, offshore bonds, overseas pensions and personal investment companies.
Estate planning, Inheritance Tax and trusts
For many, passing on wealth is something that is dealt with too late in life. Like pension planning, it is vital to plan as early as possible to ensure your inheritance is as tax efficient as possible. We can advise you on the most tax effective way to pass on your wealth by providing a bespoke tax plan tailored to your requirements. We’re well versed in helping you make the most of their inheritance through will planning, tax efficient investments and gifts to family members.
Setting up a trust is one way of distributing wealth in a cost effective way to your family. We can assess your situation, identify the most appropriate trust and liaise with lawyers as appropriate.
Tax investigation advice
It can be a fairly daunting moment when HMRC send out a letter to say that you are under tax investigation. But with an experienced advisor to hold your hand and provide assistance every step of the way, the effects can be mitigated. We can offer you holistic tax investigation advice to ensure you stay on the right side of the law, while making sure disruption is kept to an absolute minimum. We’re able to collate information, deal with HMRC on your behalf, negotiate a final settlement and a time to pay, and ensure the tax investigation is not extended unnecessarily.
When it comes to your personal tax, it is important to have a trusted advisor you can rely on. This means going beyond your statutory obligation to complete a tax return, but looking ahead to the future and making sure you have long-term, tax efficient plans in place.