There has been an increase in the number of changes to personal tax in the UK in recent years. And many of these changes are designed to make business owners and property investors pay more. Higher taxes on dividends, the end of the wear & tear allowance on rental properties, and restrictions on tax relief for high earners to name but a few.
So, we take the view that 'forewarned is forearmed' and work with you on with a simple three stage approach:
- What tax rule changes will affect me?
- How much extra tax will I have to pay?
- Is there anything I can do to reduce or delay the tax I pay?
And, because we'll build a long term and valued relationship with you, we'll revisit your tax plan every year. Think of it as good old fashioned sense check.