For many people, tax means the task of preparing their annual Self-Assessment Tax Return. It is essential to prepare and lodge your tax return within the filing deadlines to prevent costly penalties. But if you have extensive business interests and multiple sources of income, this can be complicated. It can often be unclear exactly how transactions should be reported on the Return and there are many factors that need to be considered in doing so.
Our experience of dealing with complex matters means that we can provide help across the spectrum of tax related issues affecting individuals and family trusts, including:
- Capital gains and related reliefs
- Tax residence/domicile status and other international tax issues
- Employment tax issues
- Pension contributions/retirement planning
- Business and property let profits
- Land and property transactions
- Investment matters
- Asset protection involving family trust.
Whether your Self-Assessment Tax Return is complicated by these or other issues, or if you just don't have the time to give your Tax Return the attention it requires, we can help you identify all that you need to include in your tax return (and what you do not need to include). We also give you timely reminders of what tax payments are required.
A professionally prepared tax return brings further benefits. We have an excellent working relationship with HMRC which helps us resolve their enquiries and informal checks quickly and with the least possible inconvenience to you. We deal extensively with HMRC's High Net Worth Units, which are increasingly being used to closely monitor the affairs of those wealthy taxpayers with "sophisticated" financial affairs.