With ever increasing reasons to complete an HMRC self-assessment we can ensure you are compliant. Receiving arental income, being a partner or company director, benefitting from employment expense tax relief, earning in excess of £100,000 per annum, child benefit for higher earners and fostering children are just a few examples-if you think you may need to complete one get in touch for some advice without obligation.
We can prepare self-assessment tax returns for individuals and directors. We provide this service in conjunction with the accounts preparation service to ensure maximum tax savings for companies as well as personally. We can construct tax structures that optimise the latest tax rules to generate tax savings.
We calculate the personal tax liability due and can help with any queries that could exist with HMRC. Advisors have dedicated phone lines to communicate with HMRC efficiently.
We can prepare rental accounts for landlords and file your self-assessment tax return, communicating with HMRC and ensuring optimisation of all allowable expenses is all part of the service.
Inheritance Tax Planning is essential to enable all our clients hard earned wealth is retained within the family and not allowed to be paid over to the tax authorities. Planning your estate is essential to every client and must be carefully addressed.
Although only a small percentage of estates are large enough to incur inheritance tax it is sensible to look at ways you can reduce this tax if this applies to you. We can also look at tax implications which arise and deal with this issue as efficiently and hassle free as possible.
You may be liable to pay capital gains tax through making a profit on the disposal of assets that has increased in value. Disposal can include selling, gifting, transferring or swapping the asset amongst other things. We will look at various factors including your tax free allowance, deducting losses and claiming relevant relief to calculate you tax owed as well as ensuring appropriate records are kept.