There are many reasons an individual may have to submit a tax return, be it property income, sale of a property or other income. Our tax experts can assist with giving you the right advice and ensure you only pay the minimum tax legally possible.
Self-Assessment Tax Returns
If the thought of completing your self-assessment tax return fills you with dread and, the nightmare of penalties for missing deadlines is not helping you sleep at night then let us help. We can assist you with:
- Self-Assessment Tax Returns – completing return and tax computations
- Advising you of your tax liabilities
- Negotiating for time to pay with MRC if necessary
- Identifying suitable tax planning opportunities
- Dealing with all queries from HMRC
For every pound in your estate that exceeds the Nil Rate Band Inheritance Tax threshold, HMRC will expect to collect 40p after you have passed on and before your loved ones receive their inheritance.
The good news is that with good and early planning it is possible to mitigate Inheritance Tax, removing the burden placed on loved ones and prevent generational inheritance tax from affecting your family or heirs.
Let us review your affairs and plan the most cost effective route for the future.