Our personal tax and accounting services are built on long term relationships. We offer:-
• Timely, tailored service
• Forward thinking solutions
• Flexible and easy to understand advice
• Cost effective service
We deal with all aspects of personal tax, including:
• Rental accounts
• Self-employed accounts
• Tax returns
• Corporation Tax
• Income Tax
• Capital Gains Tax
• Inheritance Tax
• Estate planning
• Budgets, forecasts and personal financial modelling
• Strategic planning advice
• Revenue enquiries and investigations
Income Tax is exactly as it sounds: a ‘tax on your income’. However, not all income is taxable, and even then you are only taxed when you earn above certain levels.
Contrary to the belief of some, Inheritance Tax (IHT) not only affects the very rich, but other people may be liable without realising.
Capital Gains Tax
Along with Inheritance Tax, Capital Gains Tax (CGT) is often referred to as a voluntary tax. With careful CGT advice, it is often possible for individuals and/or trusts to reduce, totally avoid and/or delay payment of CGT.
Inheritance Tax is no longer confined to the super-rich. If, like many people in the UK, your assets exceed £325,000, being hit with a 40% bill upon inheritance can exacerbate an already stressful time for your loved ones.
Creating and maintaining a trust is no easy feat – it’s a roller-coaster ride of legislation changes and tax complications.