Individuals

Everybody pays more tax than they would like however all too often we find that individuals do not use all the deductions, credits and strategies available to them to reduce their tax liability. Under Self Assessment, you are responsible for ensuring that your tax liability is calculated and paid on time. With the large number of changes in recent years, there is now more confusion surrounding the completion of returns and therefore more room for error and HM Revenue & Customs (HMRC) has amended their powers to impose greater penalties for these errors.

You are required to complete a Self Assessment return if:
•    You are a company director, minister of religion or name/member of Lloyds
•    Your annual income is greater than £100,000
•    You receive income which is not taxed via PAYE including rental income
•    You receive foreign income which is liable to UK tax
•    You have Capital Gains Tax to pay
•    You have lived/worked abroad or are not UK domiciled
•    You are a trustee or receive income from a trust

Whether you are being asked to complete a tax return for the first time, if your financial affairs have become too complicated for you to complete a return confidently or you are simply looking for a more cost effective solution, we can help. We draw on our knowledge of tax legislation and compliance to help you prepare an accurate return and consider what opportunities you may have to reduce your tax bill. Our comprehensive service includes:

•    Preparation and submission of Self Assessment tax returns
•    Income tax planning
•    Calculation of Capital Gains Tax liabilities
•    Inheritance Tax planning
•    Trust and Estate returns
•    Checking PAYE notices of coding
•    Liaising with HMRC on your behalf

Please contact us to discuss your requirements in strict confidence.