Tax Compliance & Planning for Individuals & Small Businesses.

The amount varies based on your circumstances, but our clients typically save 15-30% on their tax liabilities through legitimate planning. Common savings come from optimising expense claims, utilising reliefs (like R&D credits), and proper income structuring. We never recommend aggressive avoidance - only HMRC-approved strategies. For reference, the current income tax rates and allowances provide the baseline we work from.

Tax planning uses legitimate reliefs and allowances within the law to minimise liabilities (e.g., ISAs, pension contributions). Tax avoidance uses artificial schemes to circumvent the law's intent. We only practice the former - all our strategies are fully compliant and disclosed to HMRC where required. The government's introduction to tax avoidance explains this distinction in more detail.

Ideally in your 50s or earlier, as many IHT strategies require 7+ years to be fully effective. However, it's never too late - even last-minute planning can save significant amounts. We recommend a review if your estate exceeds £325,000 (including property and investments). The current inheritance tax thresholds determine when planning becomes essential.

MTD for Income Tax begins April 2026 for landlords/self-employed with income over £50,000 (£25,000 from 2027). It requires quarterly digital submissions of income/expenses. We're helping clients transition early to avoid last-minute stress and can handle all MTD compliance on your behalf. For the latest updates, check the HMRC MTD collection page.

HMRC requires you to keep for at least 6 years: income records, expense receipts, bank statements, investment details, and property transactions. We provide clients with a customised record-keeping system and can store digital copies securely. The official record keeping guidance outlines all requirements clearly.

Yes, we regularly help clients catch up on overdue returns through HMRC's voluntary disclosure programmes, which can reduce penalties. The sooner you come forward, the lower the potential penalties - we can negotiate with HMRC on your behalf. If you need to check your filing status, you can check for late filing penalties through the HMRC portal.