Personal Taxation

Tax Returns | Tax Mitigation | Inheritance Tax Planning

With a qualified tax specialist in our team, we can provide you with a comprehensive compliance and advisory service.

Tax Returns

Over the last 10 years, the UK tax system has become increasingly complex, which has made it difficult for taxpayers to prepare their own income tax returns. At FSR, we aim to make the process as simple as possible.

We will provide you with an Aide-Memoire detailing the items required to prepare the return, which should assist you with gathering together the necessary information.
We will then provide you with a completed return, together with easy to read schedules and a calculation of your liability.

The majority of our returns are submitted electronically, which not only avoids Inland Revenue data input errors, but also greatly shortens the amount of time taken to receive any repayments.

Throughout the year, we will review any Inland Revenue calculations or statements of account to ensure that you only pay the correct amount of tax.

Tax Mitigation

The mitigation of taxation liabilities requires constant review. Not only are there the annual changes in tax legislation, but also changes in your personal circumstances. We therefore undertake a review of your income tax position to try and highlight any areas which can be improved.

Inheritance Tax Planning

One of the main areas of concern for taxpayers over recent years is Inheritance Tax. With the increase in property prices not being inline with the nil rate band, more and more people are finding they could be potentially caught by the Inheritance Tax net. However, with careful planning to ensure the utilisation of the available reliefs, substantial savings are possible.

We would therefore recommend an Inheritance Tax review is undertaken at the earliest opportunity to ensure that, should the unthinkable happen, the amount the taxman takes from your estate is kept to a minimum.