Tax Returns &
Self-Assessment

We assist clients with their tax returns and self-assessment obligations, ensuring accurate completion and compliance with tax laws and regulations. Our services are tailored to each client's individual financial situation and requirements, providing peace of mind and minimizing the risk of errors or penalties. Tax Returns can be completed for:

• Individuals and sole traders
• Partnerships
• Limited Companies

The self-assessment regime is accompanied by penalties, and HMRC's enquiry powers are extensive. It's crucial that:

• Returns are accurately completed
• They are filed on time
• All backup records are retained for the appropriate period

In addition to completing your return, we offer assistance with:

• Advising on your tax liabilities
• Negotiating with the Collector if necessary
• Identifying suitable tax planning opportunities
• Completing all necessary tax computations
• Managing all correspondence from HMRC, alleviating your concern

Property Tax

Property tax can be complex, but we can provide guidance on various issues including:

• Distinguishing between repair expenses (tax-deductible) and capital expenses (non-tax deductible)
• Determining when to utilize a Limited Company to minimize tax
• Considering the tax implications of trading income versus capital gains
• Exploring Capital Gains rollover and holdover options
• Planning for stamp duty
• Structuring mortgages in a tax-efficient manner
• Considering VAT implications in property transactions
• Maximizing benefits from the Principal Private Residence election
• Addressing tax implications when selling part of your residence
• Managing tax aspects related to second home

VAT

VAT compliance is intricate, and investigations by tax authorities can be rigorous, underscoring the importance of accurately completed VAT returns. We offer three methods to aid in the completion of VAT returns:

• Letting us handle your bookkeeping, from which we complete the return
• Providing us with your books for us to complete the return
• Receiving training on how to complete your return

We ensure VAT returns are completed promptly to avoid penalties. Moreover, we can assist with:

• Applying for VAT registration
• Advising on VAT schemes suitable for your business
• VAT planning strategies
• Resolving disputes with Customs
• Attending VAT inspections

Inheritance Tax Planning

We are able to provide specialized financial guidance in an environment that is becoming increasingly complicated because to our expertise working with healthcare businesses and medical professionals in the England and UK markets.Tailored wealth succession planning facilitates a seamless transition to the next generation while also minimizing tax obligations. We offer advice to:

• Individuals with estate planning needs ranging from close to the nil rate band to significantly larger estates
• Strategies to mitigate inheritance tax on family homes, family businesses, and investment portfolios
• Planning for both lifetime transfers and wills