Personal Tax Advice
Increased legislation from HMRC and changing family circumstances such as planning for school or university fees, marriage or divorce, long term care and retirement mean that staying on top of your financial affairs is more important than ever. Self-assessment and tax repayments, as defined by the current tax structure, means that even the simplest of cases can always benefit from experienced personal tax advice. This applies to self-employed individuals, partners and directors, employees, private clients with inherited income, and non-residents with funds in the UK.
We will help you whether you are seeking assistance with your tax return or you have more complex issues, our ideal is to challenge assumptions and always ensure tax is mitigated to a minimum, deal with HMRC and plan for the future, in a way that is unique to you.
Failure to comply with the rules and making mistakes can result in substantial penalties. You’ll need to know and disclose all your tax income, details of capital gains, and some N I contribution liabilities. Tax reliefs are available, such as relief for Gift Aid, Pension contributions and loan interest. There are strict time limits for making claims if necessary, and making a mistake could lose you valuable tax relief. At BAS Associates, we’re here to help you with your personal tax advice.
Our complimentary App has some great modules which will help you along the way. The undoubted favourite is the Mileage Tracker, and the range of financial calculators means instant help at your fingertips.
Call us, email us or message us through our contact form, and one our team will deal with your enquiry efficiently and accurately.