Personal Tax

 

Despite work done by government on simplifying the UK tax system it remains very complicated.

Joseph Lawrence provides expert advice on personal tax matters and employs qualified staff who understand the many complex rules.

Whether you have a simple Self Assessment tax return to complete or a contentious issue we are happy to help.

We use modern technology and professional software to provide an efficient service.

Why not contact us now to see how we can help you?

Focused on Local Businesses

From one local business to another, let us help you with your accounts today. 

Meet Us

We want to help you get the most out of your business and love talking with business owners and self-employed professionals. Contact us for an appointment either by phone, video call or in person.

Make the Switch

Changing your accountant is simple. You can switch accountants at any time and there are no tax implications. Our team will help guide you through the process.

Self Assessment

Joseph Lawrence gives friendly advice and solutions in respect of all UK personal taxation matters.

We can provide the following hand holds as regards personal tax:

  • Help you to understand the UK tax system
  • Identify which tax or taxes are in point
  • Check if you need to fill in a Self Assessment tax return
  • Register you for Self Assessment
  • Calculate your tax liability or repayment
  • Complete and submit your Self Assessment tax return
  • Payment dates and payments on account
  • Penalty appeals
  • Professional help to address errors made in the past
  • Penalty mitigation through disclosure and use of HMRC disclosure campaigns

If you have failed to notify HMRC about receiving taxable income or made an error (deliberate or otherwise) you may be unsure how to put things right. HMRC’s disclosure facility offers taxpayers the opportunity to do just that and take advantage of the best possible terms. Regardless of whether the errors were due to misunderstanding the rules of deliberately avoiding paying the right amount it is better to approach HMRC and admit any inaccuracies rather than wait until HMRC uncovers the errors.

We are experienced in helping clients navigate the complexities of campaigns (some being business specific) to achieve the best possible outcomes and pay the right amount of tax.

In cases where HMRC suspects that fraudulent activity has occurred its Fraud Investigation Service will investigate and based on its findings action may include criminal proceedings. We are able to advise in these circumstances and where appropriate make referrals to suitably experienced professionals with expertise in this highly complex area.

Income Tax

  • Let property business (we also advise on Land Transaction Tax)
  • Employment income and benefits
  • Alternative benefits including accomodation, loans, use of assets
  • Salary sacrifice
  • Benefits and national insurance
  • Termination payments and PILONs
  • Employment status, agency rules, intermediaries (IR35) and unberella companies
  • Pension contributions (including annual allowance) and tax issues on retirement
  • Life policies
  • Tax credits
  • Enterprise investment scheme
  • Venture capital trusts
  • Share incentive plans
  • Savings related share option schemes
  • Company share option schemes
  • Enterprise management incentives
  • Unapproved share schemes
  • Residence and domicile including status determination and long term issues
  • Coming to or leaving the UK
  • Non-resident landlords
  • Tax efficient investments
  • Beneficiaries of estates and trusts

Capital Gains Tax

  • Calculate gains and losses
  • Relief for capital losses
  • Sales of leases
  • Grant of leases
  • Exempt assets and chattels
  • Inter spouse transfers
  • Connected persons and transactions not at arms length
  • Shares & securities – matching rules, takeovers and bonus/rights issues
  • Gilts and qualifying corporate bonds
  • Share options
  • Enterprise investment scheme
  • Venture capital trusts
  • Principal private residence
  • Owning more than one home
  • Assets lost or destroyed
  • Compensation for damaged assets
  • Residence and domicile including leaving the UK and planning issues
  • 30 day report & pay regime for gains on disposal of UK residential property by UK resident

Inheritance Tax

  • Potentially exempt and chargeable transfers
  • Exempt transfers
  • The 7 year rule
  • Excluded property and non-UK assets
  • Domicile
  • Tax on death
  • Business property relief
  • Agricultural property relief
  • Fall in value relief
  • Valuation rules
  • Quick succession and post mortem reliefs
  • Gifts with reservation and pre owned assets 

Estates

  • Estates in administration
  • Beneficiaries of estates and personal tax
  • Capital gains and estates
  • Trading in the administration period
  • Self Assessment returns and simple estates

Trusts

  • Understanding the use of trusts
  • Trusts for children
  • Interest in possession trusts
  • Discrectionary trusts
  • Exit charges
  • 10 year anniversary charges
  • Capital gains and trusts

Get Started Today

Get in Touch

Call us on 01248 671168 to arrange a consultation by telephone.

Meet Online

Arrange a video consultation with a member of our team today.

Visit Us

Pop in to see us in our office in Bangor.