Personal tax accountants in Birmingham and Solihull

‍

The world of tax is complicated. That's why our team of experienced personal tax accountants are on-hand to review your tax affairs. They will give you expert tax advice, make sure your return is accurate, and find ways to lower your tax bill.

‍

Personal tax returns

‍

UK tax demands individuals to pay tax in several areas, including income, investment growth, savings interest and inherited assets. The amount of tax to pay depends on the circumstance, it is easy to either under or over-pay. Each tax year, we prepare thousands of personal tax returns for our clients. Offering professional advice our clients benefit from our knowledge and experience, helping to minimise tax liabilities.

‍

Capital gains tax

If you sell something like land, property, or shares and make a profit, you may have to pay capital gains tax on that profit. Calculations in this area can be complex as there are many different rates of tax to consider. Advanced planning is crucial to minimise tax exposure wherever possible, emphasising of timing.

‍

Non-domiciliary tax issues

‍

Our tax accountants can help with non-domiciliary tax for UK residents whose permanent home is outside the UK. They specialise in advising on this complex area of taxation. Our private client team ensures they treat all affairs correctly and mitigate tax wherever possible.

‍

Estate planning and inheritance tax

‍

Our estate planning services focus on long-term asset protection to maximise the inheritance for your family. The sooner we start advising, the better we can optimise tax benefits. We also ensure adequate provision for the individual and their spouse in their later years. Our specialist tax accountants do everything correctly, minimising tax exposure whenever possible.

‍

Retirement Tax Planning

‍

With people living longer, retirement tax planning is crucial to ensure they have enough funds for their desired retirement lifestyle.

‍

Planning for retirement early is a great place to start. The sooner we can assist, the more financial opportunities you will have. Integrating your financial adviser with our team, will help to work towards a common goal. If you don't currently have a financial adviser, we can introduce you to someone that we trust.

‍

Trust advice

‍

Clients often come to us to ensure they can provide for their family’s future generations. So as an example, grandparents may wish to help pay for their grandchildren’s school fees in later years. Trusts are a highly effective way of being able to achieve this with the minimum tax exposure.

‍

A trust is a legal arrangement where designated trustees control assets for a beneficiary, following the donor's wishes.

‍

Trusts can also be part of business planning. We can advise on using trusts for inheritance tax planning, general income tax planning, and asset protection. We work closely with the client's legal team, preparing the relevant paperwork for the beneficiary. This includes accounts, trust tax returns, inheritance tax returns (if needed), and tax certificates.

‍

Trusts are a particularly complex area of tax. Please get in touch if you’d like to discuss this further with a tax adviser.

‍

Tax investigation

‍

HM Revenue & Customs (HMRC) can select anyone for a tax enquiry at any time. They are expensive, intrusive and stressful. The cost of an enquiry can seriously impact your financial security. Even if HMRC finds your records accurate and no extra tax is due, you still have to pay the professional fees for your defence.

Enquiries are increasingly becoming more complex. Explaining the intricate and unique tax positions HMRC on your behalf, takes more time.

‍

HM Revenue & Customs (HMRC) can select anyone for a tax enquiry at any time. The process is time-consuming and difficult. Tax investigation is also costly because of the significant time a tax specialist needs to spend on the process.

Tax compliance is crucial, to avoid tax implications, we offer a Tax Investigation Service for clients. If HMRC investigates your taxes, our specialists will review and represent you at no extra cost. All our clients need to pay for is the cost of the investigation insurance premium.

‍