tax consultancy

We primarily look after wealthy individuals and owner managed businesses, so we regularly deal with a wide variety of personal income tax matters:

• Self Assessment for:
• Sole traders
• Partnerships
• Individuals with investments and multiple income sources
• Landlords and property owners (including Furnished Holiday Lets)

In addition to the more straightforward and expected income tax matters, we can also asssist and advise with:

• Foreign income and double taxation reliefs
• Tax repayment claims, including historic Overpayment Relief claims
• Income tax reliefs such as pension contributions and charitable donations
• Tax codes and other PAYE matters such as Benefits in Kind
• Dividends vs Salary planning
• Other HMRC enquiries and disputes

We are able to offer advisory and compliance services regarding many aspects of CGT such as:

• Property (commercial and residential)
• 60-day CGT returns
• Gifts of chargeable assets
• Investments
• Utilising Annual Exempt Amounts and spousal transfers
• Specific tax reliefs such as BADR / Entrepreneur's Relief
• Capital losses - calculation and utilisation of historic and current losses

We are proud to help our clients run their businesses effectively and tax efficiently, offering limited companies support in relation to their Corporation Tax affairs:

• Incorporation 
• Preparation of Corporation Tax Returns and calculation of liabilities
• Trading and non-trading company income
• Capital allowances 
• Special purpose vehicles e.g. property portfolios
• Connected and group company matters
• Dissolution / closing down companies and exit planning
• Loss utilisation - trading losses, terminal losses etc

Not strictly speaking a tax, but we can of course help you with:

• Registration for Self Employment including Class 2 NI Contributions
• Calculating your Class 2 and Class 4 NI liability for each tax year
• Finding your NI contributions record to ascertain your State Pension entitlement
• Corresponding with HMRC regarding Class 3 Voluntary NI contributions to fill any gaps in your record
• Corresponding with HMRC if you have moved abroad and wish to continue to make contributions here in the UK
• Obtaining A1 forms and similar if you are temporarily working abroad and need to clarify your status for social security purposes

Whilst we're not IHT experts, we can offer an understanding of common Inheritance Tax issues that our clients face and how they may interact with other taxes:

• Gifts and the use of annual exemptions
• Potentially Exempt Transfers
• Business Property Relief
• Agricultural Property Relief
• Residence Nil Rate Band
• Charitable gifts