Taxation – Personal

Self Assessing isn’t always the best route

you keep focused on your business ~ we make sure you are not taxed with taxes.

Taxation – Personal

Self assessment can be a time consuming and often confusing business for busy individuals. And judging by the hundreds of thousands of taxpayers who are penalised by HMRC each year it can also be very costly if:

• Deadlines are missed
• Incorrect returns are delivered
• Appropriate records are not retained or presented

Personal: Self Assessment Income Tax and National Insurance

• Assistance with the gathering of the information necessary for the SA Return.
• Completion and filing of the Return with HMR&C.
• Calculation of the tax payable together with the dates on which the amounts are due.
• Checking HMR&C assessments received.
• Corresponding with HMR&C where necessary.
• Planning for future tax bills including advising on the best tax efficient ways to receive income and benefits.
• Telephone availability of our taxation department and partners to deal with queries throughout the year.
• Provision of firm quotes of our fees to be agreed in advance of the services being provided.

Personal: Capital Gains Tax / Inheritance Tax

• Detailed planning meetings to discuss the implications of both these capital taxes.
• Detailed forecasting of the taxes payable and of the timing of the payments.
• Preparing the calculations and submitting them to HMR&C.
• Agreement of the liabilities with HMR&C assessments.
• Assisting in the drafting of clauses to be included in wills, advising on the taxation implications of the will clauses, valuing business assets, advising on the ownership effects, ensuring gifts exemptions are properly exercised.
• Planning for future tax bills including advising on the best tax efficient ways to arrange the assets.
• Telephone availability of our taxation department and partners to deal with queries throughout the year.
• Provision of firm quotes of our fees to be agreed in advance of the services being provided.

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