Personal Taxation For Individuals, Sole Traders and Partnerships
Planning
Your primary goal is to make a profit. Having made your profit, we must keep your tax liability to a minimum. Whether you are a director of a large corporation or a sole trader, all our efforts are concentrated on creating wealth for you and making sure you retain it.
Proper tax planning is essential to make the most of the income tax laws. Tax planning is not just a one-off rush of activity just before the Return is due. It is a year round endeavour with one prerequisite to success: regular communication on both sides.
Proper planning involves painstaking exploration of current legislation to ensure both that the opportunities for you to retain your wealth are optimised and that there are no surprises when your Tax Return is filed. The timeliness of actions taken to protect your
money is essential; sometimes these actions must be taken during the current tax year to defer tax liabilities and maximise tax savings.
Compliance
The other strand of tax work is more mundane: compliance with the tax authorities' deadlines for the filing of documents and the payment of tax.
We will ensure the timely submission of all relevant returns and the meeting of tax payment deadlines to avoid interest and penalties, which are increasingly being levied by the PAYE, NI and VAT authorities.
Our Personal Taxation services include:
o Preparation of Self Assessment Income Tax Returns
o Estate planning - especially inheritance tax planning
o Trusts and investments
o Capital Gains Tax planning and advice
o VAT planning and advice
o PAYE/NI planning and advice
o Business acquisitions and restructuring
o IR investigations and back duty work
If you would like any assistance or advice concerning
your personal taxation please complete the following section:
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