Personal Tax Advice and Tax Planning in London
Our personal and partnership tax return service is designed to assist private clients to file a complete and accurate tax return before the filing deadline.
To collect the information we need to prepare a client’s tax return, we will send an email with a checklist of what we need. Once we have the documents required, we load the necessary data into our tax return preparation software, including trading or lettings accounts, as appropriate.
Our tax return software produces a client’s tax return along with a computation of his or her tax liability. We then review the return critically to identify anything that might trigger an HMRC enquiry and make any supplementary disclosures, as necessary. We also review each client’s payments on account position, making claims to reduce, if necessary and warranted.
Once a client has sent us his or her signed authorisation by email, we file the tax return online with HMRC.
If HMRC subsequently enquire into a client’s tax return, we will deal on our client’s behalf directly with them. To reduce exposure to significant professional fees necessarily incurred to deal with a tax enquiry, we offer professional fee protection insurance as standard on all client agreements and projects.
Turned loss in property development into tax refund and 3 years with no tax
I thought the £30,000 that I was losing on my property development was all dead money. It was a pleasant surprise to find that not only were you able to get an instant tax refund of £7,500, but were also able to turn it to advantage to give me three years of no tax bills and an additional £1,000 refund in respect of my wife.
Personal Tax Consultancy in London
One of our key objectives is to optimise our clients’ tax position, so that they may arrange their tax affairs so as to pay the least amount of tax, taking advantage of all the reliefs allowed by tax laws, both in the UK and other countries. We can provide this service by consultation or by written recommendation.
Tax planning is always tailored to the individual circumstances of the individual. Here are some of the areas in which we have given clients advice so as to reduce their overall tax burden:
- Business incorporation including advice on share structure
- Profit extraction strategies from owner managed private companies
- Capital gains tax planning – disposal of shares, second homes and other chargeable assets
- Inheritance tax, IHT and estate planning including death bed IHT planning.
- International issues such as tax residence and withholding taxes.
For new personal tax clients, we offer a personal tax health check. We also automatically give any relevant advice when preparing personal tax returns, and other advice when requested.