Taxation is a highly complex area and always evolving. We specialise across a range of industries allowing us to demonstrate expertise and exercise innovative strategies for planning of various aspects.
Our Tax compliance service takes care of the complexity of completing your annual tax returns on a timely basis. At Flemmings in recent years, we have submitted at least 99% of our tax return electronically well before the deadline of 31st January. Our Tax team provides comprehensive advice on the following taxes:
- Income Tax
- Corporation Tax
- Capital Gains Tax
- Inheritance Tax
- National insurance
- Stamp Duty
In the recent years, the government has introduced many changes to the tax legislation and at first sight, it appears to be a very tightening tax regime. At Flemmings, our objective is to work closely with you to help you understand your tax affairs and advise you on planning opportunities so that you can plan ahead to minimise your tax bills. There are still many statutory reliefs such as pensions, Venture Capital Trusts, Enterprise Investment Schemes, Individual Savings Accounts, to name a few, where careful planning will minimise your tax liability and enhance the value of your investment portfolio.
Having worked very hard all through your life, there comes a point when you ask yourself how best can you cascade your hard earned wealth down to the next generation as tax efficiently as possible. If no planning is carried out, the bulk of your asset is exposed to Inheritance Tax (IHT) charge at 40% upon your death. Amidst the complexity of IHT legislations, we have developed expertise to provide an all-rounded Estate Planning Service to:
- Mitigate IHT liability
- Keep the assets within the family
- Safeguarding the client’s own financial security
- Enabling the client to have a degree of control over their assets
- Facilitating a level of access to the assets
- How to distribute the assets for the wider benefit of the family members