Personal Tax

It’s important to think about your own personal tax situation and to make sure you’re maximising any potential allowances and reliefs. Depending on your circumstances you could be in the Self Assessment system for different reasons.

But whatever they are, there will still be various annual allowances and tax bands that expire on 5 April each year. By taking advantage of these different tax brackets, tax-free allowances and concessions – and making sure this happens before the year-end – you can, potentially, realise some significant tax savings.

We provide personal tax services for business owners and private individuals including…

• All aspects of Self Assessment
• Dealing with Tax Returns
• Tax enquiries
• Computation of liabilities
• Tax disputes
• Correspondence with HMRC
• Inheritance tax planning
• Tax Investigation Fees Protection
• Trusts
• Partnership tax returns

Planning for the tax year-end helps you to stay tax efficient. So, there’s real value in running through a checklist and getting your personal finances ready for the end of the tax year. As your accountant, we can help you get your numbers in order and advise you on any elements where you might need some help.

A word on HMRC Tax Investigations - It is an unfortunate fact of business life that you may come under enquiry by HMRC through no fault of your own or of your accountant. HMRC now investigates businesses at random as well as for specific reasons.

A full investigation is not a pleasant experience for anyone. Without expert defence it is possible to get trampled all over.

To protect against this, we sign all of our clients up to a tax investigation insurance policy that in the case of an enquiry will cover the cost of our fees to defend the investigation.