As one of the UK’s leading firms of Chartered Accountants, we are ideally placed to provide cutting edge tax advice and planning to personal, corporate and international clients.
WE CAN HELP YOU WITH
- London Tax Advisers and Tax Accountants
- 2021/22 Personal Tax Return / Self-Assessment [deadline 31 Jan 2022]
- Personal, corporate and international tax
- Trusts
- VAT
- Non-domiciled and expatriate
- Research and Development Tax Relief
- HMRC tax investigations:
- Let Property Campaign and Undisclosed Rental Income
- Offshore Tax Disclosure Facility including the Liechtenstein Disclosure Facility and the Worldwide Disclosure Facility.
INTRODUCTORY MEETING
CONTACT US TO ARRANGE AN INTRODUCTORY MEETING, OR FOR A QUOTE.
ANDREW LEWIS
Personal Tax Manager
Andrew manages the firms personal tax department, including a portfolio of personal tax clients such as High Net Worth Individuals, Self Employed, Directors, Landlords, Non-Residents and Partnerships.
DIANE HARPER
Senior Tax Manager (ex-HMRC)
Diane has 38 years of experience in tax starting with 6 years at H M Revenue & Customs. She now manages a portfolio of 350 personal tax clients including high net worth individuals, Barristers, Self Employed, Directors, Non-Residents and Partnerships.
RELATED TAX NEWS
HMRC Issue Nudge Letters to Cryptocurrency Investors
Earlier this year, HMRC issued a statement, warning individuals that they will soon be issuing ‘nudge letters’ which are specifically targeting cryptocurrency investors. A copy of […]
Key Steps to A Successful R&D Claim
HMRC have displayed no sign of relaxing their position in respect of R&D tax credit claims in terms of querying both eligibility and qualifying expenditure. Companies eligible for R&D tax relief will continue to […]
Payment on Account – What is it and how does it work?
If you’re new to the world of self-employment, knowing when to pay HMRC as well as how much you need to pay can sometimes be difficult. So, we’ve put together a quick guide to help you keep on top of this and maybe even help you save some money next time you pay in.
Tax Planning for Higher Rate Taxpayers in the UK
For high earners, understanding how to save on tax is key to sustaining wealth. From contributing to pensions to investing in startups, here are some top tax tips to follow.
Tax Benefits of Electric Company Cars
The latest tax rules introduced by the government mean that switching to an electric company car is no longer just about reducing the climate impact, but provides a significant tax benefits for both employer and employee. From April 2021, fully electric company cars attract a Benefit in Kind rate of just 1%, rising to 2% from April 2022. This means, a Tesla Model 3 Standard Range Plus with a purchase price of £80,000 would have a benefit rate of just 1% in 2021-22, equating to an annual taxable benefit of just £800.
Super-Deduction – What is it and how does it work?
Between 1 April 2021 and 31 March 2023, companies can claim a super-deduction in the form of first year relief of 130% on qualifying plant and machinery additions. This means a company spending £100,000 on qualifying assets would have £130,000 deducted against its taxable profits, resulting in a tax saving of £24,700 per £100,000 of expenditure.
What would you do with an extra £102,000?
£102,000 – that’s the average amount we’ve secured in R&D tax relief for our clients. R&D tax relief is one of the best tax reliefs available to both loss-making and profit-making companies.
Changes to IR35 from April 2021
Changes in IR35 rules from 2021 will mean employees, but through their own Personal Service Company (PSC), pay the same Income Tax and National Insurance contributions as other employees. From April 2021, businesses will have the responsibility of deciding whether the employment taxes and National Insurance contributions should be deducted.
SME R&D Tax Credit & the new PAYE Cap
HMRC have introduced a restriction for the amount of R&D tax credit received by SMEs in a year. Effective from 1 April 2021, the cap is set at £20,000 plus three times the company’s total PAYE and NIC liability for SMEs claiming R&D tax credits.
HMRC’s Worldwide Disclosure Facility and its link to Italy
HMRC have began issuing “nudge letters” to UK residents with a financial connection to Italy and potential tax liabilities on overseas income or gains, prompting them to make a disclosure under the Worldwide Disclosure Facility (WDF).
