Personal Taxation

Our experience, expertise and efficient approach has established our reputation for a courteous and professional service.

Income Tax and National Insurance

Personal tax returns cover income and gains of each tax year to 5th April. The deadline for submitting a paper Return to H M Revenue and Customs is 31st October. The deadline for submitting a tax return over the internet where a claim is being made to carry forward an underpayment so that it can be collected through PAYE in a future year is 30th December. The deadline for submitting any other type of personal tax return is 31st January.

Many people find that the frequent changes to taxation laws will affect them. Some will benefit but others may find themselves worse off. We are here to help. We are on the side of our clients and will champion your cause. These days income tax is becoming increasingly complicated and it is very easy to miss the allowances or deductions that you are entitled to receive.

The basic rate for income tax is 20% and this rises to 40% or 50% dependent on income.

National insurance is charged on profits for the self employed at 8%.

We prepare self assessment tax returns and calculate your tax liability and look for repayment possibilities. Where possible, we explain how much the tax liability is likely to be and advise when it needs to be paid so that you have plenty of time to arrange for funds to be available to meet liabilities as and when they fall due.

Tax advice and tax saving discussions are included in many of our fee packages.

Capital Gains Tax

This applies to gains on the sale of assets such as shares, properties and businesses etc. We can help you plan your liability and minimise what you have to pay. Planning in advance is the key.

Inheritance Tax

There is much that can be done to reduce exposure to inheritance tax. We will be pleased to provide advice on such matters as transferring wealth around the family.

Tax Enquiries and Investigations

Enquiries and investigations into tax returns by HM Revenue and Customs tend to be time consuming, expensive and stressful. We will help you to assemble the information required and to reduce any additional tax liability and any penalty as much as possible.

Philosophy

Our philosophy is to keep your tax liabilities as low as possible by finding ways to save you tax.