Personal Tax Planning

Self assessment and the intricacy of the UK taxation system is such that tax returns are becoming more and more difficult to understand. It is also easier for tax payers to fall foul of penalties through failure to complete the tax return accurately and on time. Seaman, Herbert & Co can not only ease your worries by dealing with your tax return and the appropriate computations, but we can help minimise your tax liabilities through pro-active advice.

Tax planning is crucial to each and every individual and business to guarantee that all mitigation steps have been taken, whatever the circumstances. It is essential to obtain taxation advice before any key transactions take place, and it is especially important to investigate the interaction of taxes such as income tax, capital gains tax, inheritance tax, and VAT.

We can assist when significant decisions are being taken, and can advise on the following:

  • Contributions to pension schemes
  • Purchase and sale of investments, including properties
  • Borrowing money
  • Preparation for retirement
  • Emigrating
  • Purchasing, selling or expanding your business
  • Extracting money from your business
  • Inheritance tax planning and passing on of your wealth
  • Trading overseas
  • Remuneration packages for employees
  • Tax-efficient investment

If you would like further information regarding this service, please don’t hesitate to contact us.