Taxation
Most of us risk being taxed on our income, our capital gains and the value of our estate when we die. It is vital that we obtain a clear grasp of how these taxes work by discussing these issues with us so that we may advise you of the most tax efficient way forward.
One thing is for sure with all forms of tax; if you do nothing, the government will make sure a share of your hard earned wealth ends up in their hands!
Careful planning can save a business or an individual thousand of pounds in tax. At Castlemaine Associates our expertise in tax matters means that we can look at ways to legitimately save you money in tax. We also undertake to carry out routine tax work on time, so that tax returns are prepared and filed before their due dates.
The introduction of self-assessment has placed a greater burden on individual tax payers to keep their income tax affairs in good order. We will deal with the Inland Revenue on your behalf, relieving you of the burden. We will ensure that you comply with tax and accounting rules. More importantly, we can assist you to minimize your tax bill and keep more of the money that you have worked so hard to earn.
Traditionally, tax planning is the service clients most like to receive, and the most satisfying for us to deliver. Here are just a few areas where, with prior tax planning, we can help you minimise your overall tax liabilities:
- Business use of vehicles
- Trading through the most tax efficient medium
- Transaction structuring
- Holding investments in tax efficient ’wrappers’
- Pensions and retirement
- Wills and Inheritance Tax
- Capital gains tax on second homes
- Exit route planning
- Remuneration for the SME owner manager