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Accountancy & Tax Solutions for Business and Individuals

Whether you’re an individual, limited company or sole trader business, you can rely on our 30+ years of experience dealing with clients just like you…

Business Plans & Advice for Startups

Considering setting up a business?

We can help you make sure you have considered all the important financial and legal obligations – advice that we’ve built up from nearly 40 years’ experience …

 

Sole Trader Accounting & Tax Advice

Need help with your self assessment or legal obligations?

While it’s the simplest form of business structure, being self-employed can be complicated when it comes to tax and managing your business finances. Afterall, along with the day-to-day running of your business, who wants to deal with Tax Return & Bookkeeping? …

 

Limited Company Accounting & Tax Advice

Need support and advice with corporation tax and company accountancy?

We understand the raft of responsibilities, financial and legal requirements you must carry out when running a limited company …

 

Personal & Special Tax Advice

Need help with inheritance tax or other personal tax needs?

We offer a wide range of tax advice services for individuals with personal tax needs, in a variety of areas including Income Tax, Capital Gains Tax and Inheritance Tax …

Case Studies

These case studies highlight the benefit of taking advice before acting:

Purchasing Equipment

Mr J, who is self employed, asked about the tax savings on purchasing equipment. He wanted to spend up to £10,000 on new equipment.

My advice was to purchase and use the equipment before 5th April (the end of his financial year).

He would qualify for relief on the whole £10,000 which would reduce his current year tax bill by £4000.

If he left the purchase until after 6th April, he would have had to wait another 12 months to get the tax relief.

Inheriting an Estate

Mrs J, an existing client, contacted me regarding Capital Gains Tax on the sale of her late mother’s house which had increased in value from the date of her death.

The potential liability was approximately £18000.

My recommendation was to vary the terms of her mother’s will, using a Deed of Variation giving an interest to her children and husband.

The effect of this was that they could use their own Capital Gains Allowance and pay no tax, thereby reducing Mrs J’s liability by £9240.

In addition, Mrs J’s estate has been reduced saving approximately £30,000 in potential Inheritance Tax.

Selling a Property

Ms J, a new client, consulted me regarding the tax liabilities on the sale of a flat she had owned.

I calculated she had a liability of £1550.

If Ms J had consulted me before exchanging contracts, I would have recommended giving her husband an interest in the property which would have allowed him to use his Capital Gains Allowance which would have eliminated the liability of £1550.

“The recommendation is to ALWAYS SEEK ADVICE