ASSISTING YOU WITH TAX AND FUTURE PLANNING

Services for Individuals

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MANAGE YOUR PERSONAL TAXES

Self-assessment and tax planning 

Simplifying Tax Returns: Let us handle it for you

Navigating tax returns can be a daunting task for many taxpayers. The complexity of the forms, coupled with frequent legislative changes, often leads to errors. Mistakes can result in penalties, missed deadlines, and unnecessary stress.

As your accountant, we take the burden off your shoulders. Our team will handle your complete self-assessment process and submissions. 

Here’s what we offer:

  • Assessment: We assess your unique tax situation.

  • Allowance Analysis: We analyse your allowances to optimize your tax position.

  • Precise Calculations: Our experts prepare accurate tax calculations.

  • Submission: We complete and submit your returns on your behalf.

  • Communication: We liaise with HM Revenue & Customs (HMRC) as needed.

  • Legislative Updates: Stay informed about changes through our updates.

Save time, reduce hassle, and minimize your tax liability with our comprehensive services. Let us handle your tax returns while you focus on what matters most!

PLAN YOUR FUTURE

Personal tax planning

Plan for your financial future with our expert guidance. From setting up ISAs and LISAs to pension and wealth management, we’ve got you covered. Prepare for retirement confidently.

  • Pension planning involves saving for retirement through pension schemes. Understanding your existing pensions, calculating retirement needs, and seeking professional advice are essential steps toward securing a comfortable future.

  • Wealth management involves strategic decision-making about your financial assets. With the guidance of a wealth manager, you navigate investment strategies, tax planning, and estate matters. The goal is to secure and grow your wealth for a prosperous future.

LEAVING SOMETHING FOR THE NEXT GENERATION

Retirement tax planning

Retirement planning is a crucial process that helps individuals prepare for a financially secure and comfortable life after you stop working. Let’s break down the key aspects of retirement planning:

  • A will is a legal document that outlines your wishes for distributing your property and caring for minor children after your death. Without a will, your preferences may not be followed, potentially causing complications for your heirs. Create a will to ensure your assets are distributed as you intend and to provide clarity for your loved ones.

  • Inheritance planning involves preparing for the transfer of assets from one generation to the next. It ensures that your wealth is distributed according to your wishes after your passing.

    Components include:

    • Wills

    • Intestate Succession

    • Inheritance planning minimizes family disputes, ensures efficient asset transfer, and provides clarity for your loved ones.

    Estate Planning:

    Estate planning encompasses a broader scope, including not only asset distribution but also managing financial affairs during your lifetime.

    Components include:

    • Wills and Trusts:

    • Power of Attorney.

    • Healthcare Directives

    • Minimise estate taxes through strategic planning.

    Estate planning aims to protect your assets, provide for your family, and ensure your wishes are followed even if you’re unable to make decisions.

    Remember, both inheritance and estate planning are essential for preserving your legacy and easing the burden on your loved ones during challenging times.

  • Trusts

    Trusts are legal arrangements where one party (the trustee) holds and manages assets for the benefit of another (the beneficiary). They are important because they offer control over assets, provide for beneficiaries, and can offer tax benefits and protection from creditors. Trusts also ensure that assets are distributed according to the settlor’s wishes, potentially avoiding the probate process, which can be lengthy and costly. They are a key tool in estate planning, offering flexibility, privacy, and a structured way to manage and pass on wealth.

    It’s important to consult with a legal advisor to ensure the trust is set up correctly and meets your objectives. They can also help with understanding the tax implications and legal responsibilities involved.

    Probates

    Probates are legal processes that validate a deceased person’s will and oversee the distribution of their estate to the rightful heirs. It involves proving the will’s authenticity, appraising assets, paying debts and taxes, and distributing the remaining assets.

    Probate ensures that the deceased’s wishes are honoured and that the transfer of assets is conducted lawfully.

KEEPING YOU & YOUR FAMILY SAFE

Protecting yourself and family

Many people forget to protect what is most important in their lives – their family and themselves. We can help create bespoke protection plans to ensure you have a safety net in place to cover all eventualities.

  • Our affiliated insurance partners have consistently delivered unbiased counsel and cost-effective rates to our clients, demonstrating thoroughness and sincerity. They offer a range of coverage options including

    • Life Insurance

    • Building and Content Insurance

    • Critical Illness cover

    • Private medical and dental insurance

    • Income Protection Insurance

    • Travel Insurance

  • Lawyers perform various functions for their clients, including Legal advice: Providing guidance to clients on their legal rights and obligations Legal representation: Representing clients in legal proceedings such as trials, hearings, and negotiations Document preparation: Drafting contracts, wills, and other legal documents.

    Remember that legal matters can be complex, so seeking expert advice from a solicitor is crucial.

    We have partnered with various solicitor firms, please feel free to speak to us on this matter to put you in touch with the right person.

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