If you pay tax, ensuring you receive the best professional advice to optimise your tax position, meeting all the necessary compliance requirements whilst working  to reduce your tax liability, is paramount.

As your tax specialists, we can provide you with year round advice on the following:

• Capital gains tax
• Cross border tax planning
• Income tax
• Inheritance tax
• Issues relating to residence and domicile
• Trusts and estates
• Will planning

There are potentially many tax saving opportunities available to you, you just need the right advice to unlock them as:

• Every pound of income tax you save means more income at your disposal
• Every well planned disposal of assets means minimal loss of capital gains
• Every inheritance tax saving means greater rewards for your beneficiaries

Above that amount, anything you leave behind is subject tax of 40%. So for example, if you leave behind assets worth £500,000, your estate pays nothing on the first £325k, and 40% on the remaining £175k – a total of £70,000 in tax.

At Abraham and Associates we can help you with your estate planning, including succession planning and business exit strategies.

There are a number of ways to reduce the potential tax liability on your estate, and they all involve careful planning – often over a long period.

Non residents and Individuals leaving the United Kingdom

If you are leaving the UK to work we can advise on your UK tax position and how it interact with overseas tax, provide tax planning to maximise the tax benefit of periods of non-UK residence, advise on letting your UK property whilst you are outside of the UK, including HMRC non-resident landlord scheme, advise with regard to ongoing UK tax and NIC obligations including tax return preparation and filing.

At Abraham & Associates tax returns team takes away the hassle and worry of self-assessment. If the thought of filling in your own tax return fills you with dread, you’re not alone. Many people find it complicated and time-consuming so it’s no wonder that almost 1 million people a year are fined for failing to return it to H M Revenue & Customs.

Under Self Assessment the onus is now on individuals to complete their own Returns and to ensure that they pay the right amount of tax.

We ensure that your personal tax affairs are properly and efficiently looked after and liaise directly with HMRC on your behalf, giving you peace of mind and relief from this burdensome task.

Our tax return service offers more than just a tax return.  We will review your affairs annually and alert you to any tax saving opportunities that might fit your circumstances.  It includes the offer of an annual meeting to talk through any tax concerns you may have and to make sure your affairs are arranged as efficiently as possible.

We can:-

deal with all your tax affairs no matter how complicated

complete your tax return and all necessary schedules

calculate your tax position

send you a full copy and explanatory notes

file your tax return online to H M Revenue & Customs

deal with the Revenue on your behalf be available for all your queries and questions