Self-assessment tax

Personal Financial and Taxation Planning

We can provide a full and detailed personal financial plan, incorporating advice on income, capital growth, tax considerations and bequeathing your assets. We will liaise with your stockbroker, solicitor, financial adviser etc. to ensure a total, proactive service at all times.

We will:

• prepare your annual Self Assessment Tax Return including rental income accounts and Capital Gains Tax computations, as appropriate
• calculate your tax liability for the year, advise the amount of any Balancing Payment due 31 January and calculate the Payments on Account due for the following year
• check your code numbers and Statements of Account, obtain any repayments of tax and deal with any Inland Revenue correspondence
• represent you during any Inland Revenue Enquiry to ensure your interests are fully protected
• review your and, if appropriate, your spouse’s assets and income level to ensure that effective use is made of allowances, rate bands and Capital Gains Tax reliefs and exemptions
• provide share portfolio valuations and projected Capital Gains Tax computations, provided we have full acquisition details
• review your likely Inheritance Tax liabilities, discuss how these might be reduced and plan to take advantage of exemptions
• recommend suitable structures to reduce exposure to taxation
• help to maximise the advantages of non UK resident or non UK domiciled status. We offer detailed tax planning advice to those about to resume UK residence
• provide you with a detailed financial plan to increase your personal wealth.

At Eacotts we take the broad overview necessary to utilise the fiscal and financial opportunities available in order to maximise personal wealth and minimise personal taxation.

We can draw up a plan to meet your individual circumstances and wishes, striking a balance between short- and long-term goals and recognising your priorities for income or capital growth and your attitude to investment risk.

Advice is available on the full range of life insurance and packaged investment products, through our associated financial services company.

We offer the same compliance and planning services to Trustees