PERSONAL TAX PLANNING AND COMPLIANCE

The tax regime is becoming more and more complex with increased 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.

The correct advice can have a major impact on our client’s tax liabilities and business in general. Our professional team will help you plan and save your tax and prepare and file your tax return in best possible tax efficient way.

WHY CAREACCOUNTANCY

We can act as agent for our clients dealing directly with HMRC on their behalf and, should you be selected for a self-assessment enquiry act for you at any meetings.

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 and even offer advice on how you can minimise your tax liability. We can provide you with year-round tax advice on:

  • Income tax
  • Capital gains tax
  • Inheritance tax
  • Trusts and estates
  • Non-domiciliary tax issues
  • Self assessment

 

OUR RANGE OF SERVICES

Personal Tax Compliance And Planning

We can offer our clients a specialist personal tax planning service tailored to your individual needs that includes advice on minimising tax liability for all personal taxes and meet all the compliance requirements, including:

  • How best to handle benefits such as company cars and accommodation
  • Whether directors should be paid by salary or dividend
  • How to minimise CGT liability on disposal of assets
  • How to optimise your tax position when living or working abroad

With the complex nature of tax and finances today, we can also advice our clients to develop a comprehensive personal finance plan that in addition to general tax planning, covers provision for education costs, mortgage planning, savings & investments, insurance planning, healthcare provision, retirement planning and estate planning

TAX PLANNING AND COMPLIANCE

Protecting Your Wealth

Our team of dedicated tax experts can help you plan for the future by offering advice on a range of corporate, business and personal tax compliance and planning issues. We will work with our clients to find the most tax efficient way to meet their goals and avoiding unforeseen surprises.

Our pro-active advice ensures that you know exactly what you need to pay and when and also allows you to minimise the tax burden on you and your business. Additionally, avail of our inheritance tax planning services help you to manage your wealth in the most tax efficient way.

Personal Tax Planning

Our team of experts can prepare and submit self-assessment return on your behalf of our clients. We have expert knowledge of reliefs and will try to minimise your tax burden helping you to plan for your future. We will followup refunds ,if any, due to our clients. In the event of any investigations which can be traumatic, we can act on your behalf with HMRC to ensure that the level of any resulting penalty is minimised.

Planning for Future Generations

We can help our Clients with inheritance tax planning issues and offer assistance on all tax matters in respect of making Wills and Gifting assets. We can also guide our clients through the tax implication of setting up, managing and the cessation of Trusts. We can complete inheritance tax forms for an on behalf of our clients and handle every aspect of estate tax compliance and administration.

Business and Corporate Tax Planning

We can assist our clients to prepare them for Business related Self-Assessment Return or Corporation Tax Return when we finalize and prepare their annual financial statements. We can also submit the forms electronically for our clients. We can also help our clients to plan ahead by calculating next year’s tax as well and we will automatically claim relief on all items using our tax planning strategies. In the event of any investigations we will also act on you behalf with HMRC and will try to minimise any resulting penalties.

VAT Management

CareAccountany has the technical expertise to assist their clients in VAT management which has become a complex area of indirect tax to make things easy for you. We offer help in

  • VAT registrations and de-registrations
  • Preparations of VAT returns through our bookkeeping service
  • VAT health checks to make sure that the correct amounts are calculated
  • Advice on reviews, property and constructions, retail schemes, partial exemptions and electronic filing
  • Dealing with cash accounting, annual accounting and flat rate schemes
  • Acting on your behalf with HMRC

Support for Legal Advisers

CareAccountancy works alongside legal firms to offer tailored legal, accounts and taxation services to help with Estates, Inheritance Tax, Trusts, Estate Planning,  Litigation Support & Corporate Support. Legal matters can create a diverse range of tax implications if not properly handled and the onus is on the solicitor to assess tax situations and calculate the tax due. Failure to do so can lead to penalties.

OUR FEE AND CHARGES

Our fee and charges for handling personal tax planning and compliance, vary on a case by case depending upon the intricacy of the case, however we are very competitive and our charges are very reasonable.

CALL US

Make sure you take full advantage of the tax saving opportunities open to you. Please call us at 0113 887 0218  or send us an email at info@careaccountants.co.uk Contact Us today for a personal tax planning review.