We are specialist personal accounts advisers and can help you create smart tax planning and accounting solutions and advise on intuitive tax saving strategies. We are ideally placed to review your personal tax affairs to make sure that you are meeting all your regulatory requirements and to advise you on the best most efficient way to save tax all the while growing and managing your personal income.

Our personal services include:

Estate Planning

The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Since none of us knows when we shall die, this means making the necessary provisions now.: the earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available and thereby maximising the amount that goes to your beneficiaries.

It is equally important when planning to transfer your estate that you make adequate provision for yourself and your spouse in your later years. Striking this balance calls for considerable skill and foresight and we can arrange a discreet estate planning service that includes help with drawing up and reviewing your will, optimising lifetime transfers between spouses, transferring assets into trust and arranging adequate life assurance to cover potential inheritance tax liabilities.

Personal Tax Planning

With the tax regime becoming more complex, and more focus being put on taxpayers’ individual responsibilities, everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet all the compliance requirements.

We can provide you with year-round tax advice on income tax, capital gains tax, inheritance tax and trusts and estates to ensure that every pound of income tax you save means more income at your disposal, every well planned disposal of assets means minimal loss of capital gains, and every inheritance tax saving means more benefit for your beneficiaries.

Retirement Strategies

Everyone hopes to maintain the same standard of living in retirement as they presently enjoy while working, but to achieve this requires considerable forward planning.

1) Exit strategies
If you are in business, the first thing you need to consider is your exit strategy. Will you withdraw from the business, leaving it for the next generation, or will you hope to sell the business? If you intend to hand the business over, do you have a workable succession plan? If you intend to sell, how will you value the business, find a suitable buyer, etc.? Are you aware of all the tax implications of the timing of disposals?

2) Pension provision
Do you have an adequate pension in place? Do you have the right type of pension? Are you aware of all the pension possibilities open to business owners and directors? Are you making full use of all your allowances?

3) Savings and investments
Do you have the right balance between savings and investments, and is your portfolio split adequately between exposures?

4) Life assurance and long-term care
Do you have adequate life assurance, and have you made provision for long-term care and medical insurance for you and your family in your later years? We can help you answer all these questions and recommend solutions.

Self Assessment

Many taxpayers struggle to understand the complex tax returns and complete them correctly. The constant flow of changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.

We can save you a lot of time, worry, and money by handling your self assessment tax return for you. We will do all the necessary computations, complete your return, offer advice on how you can minimise your tax liability, and act as your agent dealing directly with HM Revenue & Customs on your behalf.

Trusts

Trusts are relatively easy and very tax-efficient way to set aside assets for future beneficiaries outside the inheritance tax thresholds. We can advise on the most suitable type of trust for you, set them up and provide a full range of accounting services for trusts.