Income Tax

Income tax advice would include:

•Tax Return Completion and return orientated advice in the year:
•Straight forward returns, eg employment income or pensions plus a couple of investment entries would cost £250 plus VAT
•As above but with up to 2 letting properties would cost £375 plus VAT
•Larger property portfolios can be quoted on a bespoke basis, so please call
•Returns with share portfolios, large numbers of entries from investment income and capital gains, from £395 plus VAT, depending on the complexity
•Returns with self-employed and foreign income or residency/domicile issues from £495 plus VAT, depending on the complexity
•Trust returns from £225 plus VAT
•Partnership returns from £325 plus VAT
•All returns are thoroughly reviewed tax saving opportunities
•All aspects of Revenue Enquires and assisting you with negotiations so as to minimise the level of penalty, eg self-assessment or PAYE
•All aspects of residency, non-residency and domicile and how to plan around the “Remittance Basis” rules, foreign income and foreign tax credit relief/ double taxation
•Tax planning to avoid the 40% or 50% rates
•Tax advice on separation and divorce, either for you or your solicitor, especially if independent professional third party calculations are required
•Employment income tax advice, such as on benefits in kind, lump sums, termination payments and share options, as well as working in the UK and going to work abroad
•Self-employed expenses, advice on claiming losses and change of accounting date so as to maximise the benefits obtainable
•PAYE reviews for employers, ahead of a Revenue visit so as to spot and rectify contentious issues
•Capital allowance reviews and advice for businesses, on their plant and machinery
•Partnership taxation, for example profit splits and mergers and demergers as well as basis periods for new joiners
•Investment income pension payment planning tax advice
•Incorporation advice for sole-traders and partnerships who wish to consider or actually become limited companies
•Advice to specialist trades, such as sportsmen, Lloyds-underwriters, actors, barristers, farmers and creative artists to name but a few
•Trust income tax issues
•Pre-owned asset tax (POAT)
•All other aspects of income tax