Personal Tax returns
We appreciate that filling in a tax return can be confusing, stressful and frustrating and we are happy to take all of these stresses away. We will complete the form on your behalf and guide you through self assessment ensuring that you are compliant with the submission of your tax return and other relevant forms. We will make sure you are fully aware of forthcoming deadlines to ensure you are not hit by any unwanted penalties.
Income Tax & NI – Personal
With the increasing tax rates and capped personal allowances, it is important that you keep up to date with reliefs that are available to you. Our team can help you reduce your income tax to a minimum by the continual monitoring of changes in tax laws and by updating you how these can be applied to your current situation.
Capital Gains Tax
We can advise you of the best timing of the sale of assets and look at different reliefs that may be available to keep any tax payable down to a minimum. Planning is key in reducing your CGT liability and we will implement the correct approach for you.
This is a tax that is least thought about but can cause significant damage to the future wealth of your family. IHT is not payable for estates (including gifts in the last 7 years) of less than £325,000. However, with the rise in property values over the last decade, the tax now affects more families than ever. It is essential that plans are put in place to maintain your family’s wealth and keep IHT to a minimum.
It can be a very complex area but we can give you options, help and advice that will help minimise the tax due and help with your family estate planning.