Accounting for individuals

In this fast changing world the accountancy and tax rules are ever changing. We aim to give you a compliance service you can rely on, from tax repayment claims to complex self assessment tax returns.

So if you have overpaid tax we can prepare a tax repayment claim for you and explain why it has happened or if you have a source of income which is not taxed or earn over £100,000 per year you need to prepare a tax return under self assessment.

Untaxed sources of income could be, casual work, self employment or let Property income ranging from renting out your old residence, to your own buy to let portfolio.

Finally, under the new rules from the 2016/17 tax year if your total dividends are in excess of £5,000 pa or bank interest exceeds £500 you will have a further tax liability to report via self assessment.

Inheritance tax changes

The recent Budget saw the Chancellor announce reforms to Inheritance Tax rules which were widely expected following the Conservative Party’s General Election victory.  Currently, a married couple are able to access allowances of £325,000 each, which can be doubled up and applied as a single allow

Grandmother with Grandchild

The Prime Minister David Cameron has recently suggested that he would be “happy” to look at plans for so called “granny leave” giving working grandparents the right to take up to 18 weeks of shared paren

Divorce and new tax developments

Transfers of property between separating couples should take place in the tax year of separation to avoid