Tax Planning
The UK tax system can be complicated, meaning you could be paying more tax than necessary. Using our expert tax planning services - tailored for you - helps ensure you are paying the correct amount of tax.
Strategic tax planning with our experienced team
Personal tax planning is looking at the choices you can make to lower your tax bill. Tax planning makes sure that you claim all the expenses, reliefs and allowances that you are entitled to.
Our highly experienced accountants keep up to date with tax legislation and get to know you to offer you the most beneficial strategic tax planning advice.
Our personal tax planning service
TaxAssist Accountants excels in offering you strategies to minimise your tax liabilities. Our knowledgeable team will work closely with you to understand your individual needs to compile a bespoke tax planning strategy that works for you.
As your circumstances change our experts can support you to re-evaluate your tax planning strategies to ensure they are always aligned to your personal situation.
What are personal tax planning strategies?
Examples of tax planning strategies include:
- Saving in ISAs: Individuals Savings Accounts (ISAs) offer tax-free investments up to an annual limit of investment. ISAs are available to all individuals and offer tax efficient savings.
- Making charitable donations: Charitable donations can increase your basis rate band, meaning more of your income is taxed at the basic rate.
- Paying additional pension contributions: Making additional contributions to your pension pot can reduce your taxable income, resulting in a lower tax liability.
- Making the most of the dividend and savings allowance: Some individuals are eligible to the dividend and savings allowance. These tax-free allowances mean some individuals are not taxed on their first dividend and savings income up to certain thresholds.
- Transferring income to a spouse or civil partner: You may be able to transfer up to £1,260 of your personal allowance to or from your husband, wife or civil partner.
- Using tax efficient investment schemes such as Venture Capital Trusts (VCTs), (Enterprise Investment Schemes (EIS) and Seed Enterprise Investment Schemes (SEIS): Investing in certain schemes may entitle you to tax relief up to certain maximum investment levels.
Get in touch
Let TaxAssist Accountants help you plan effectively to minimise your tax liabilities. Call us today on 0800 0523 555 or use our online enquiry form.
Contact Us
Contact us to book your free video or face-to-face consultation to receive a proposal and fixed fee quote.
Frequently Asked Questions
An accountant can give you help and support in many ways. By looking at tax planning opportunities an accountant can offer you practical tax advice on strategies to save you tax.
When it comes to tax, having a good understanding of tax deductions and reliefs is essential to ensuring you pay the tax you owe and not a penny more. An accountant can offer proactive tax planning advice to ensure your tax position is optimised.
Arranging for an accountant to look at your financial circumstances as a whole is a great way of saving tax. Your accountant can give you tips and advice on saving tax ahead of the end of the tax year.
Join us in three easy steps
Get in touch
Arrange a free consultation in person or via video with your local accountant. It’s an informal chat to get to know you and find out more about the help you are looking for.
Chat to an expert
We clearly explain the support available to you and are happy to act as business advisors in order to help you grow your business.
Get a fixed quote
Our fees are fixed and tailored specifically to each individual's needs, so that you only pay for the level of support and services that you require.
Choose the right accounting firm for you
Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?
Local business focus
We specialise in supporting independent businesses and work with 100,000 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.
Come and meet us
We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 389 locations, meet with us online through video call software, or talk to us by telephone.
Switching is simple
Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.