Personal Tax

When you work as hard as you do, it’s only fair that the wealth you have created benefits you. Ensuring that you are not paying too much of that wealth back in tax is important. This is why a review of your personal tax affairs is key.

Our friendly team of personal tax experts at Alexander & Co will provide you with strategic tax planning advice, so you can make the most of the current opportunities in the tax system. We can also help you with:

We will help optimise exemptions and tax relief, tailored to your personal circumstances whilst making sure that you remain compliant with the tax rules. This will help to ease the impact of any potential turbulent economic conditions. We can advise on personal taxes, including:

Many of these areas are related to one another, therefore any decisions made are likely to affect more than one aspect. We work with you to plan effectively for your taxes.

If you’re looking for assistance with your Self Assessment tax return, we can assist. Our tax team can help with all aspects of your tax return, including handling multiple streams of income, business expenses, managing assets and the filing and submission of your tax return.

We recommend filing your tax return early, in order to avoid the last-minute burden or potential late penalties.

Alongside your annual tax return, our Self Assessment tax experts can advise on a range of personal tax matters to help you become more tax-efficient.

Many clients create trusts to assist with their tax strategy. Trusts are not only used for tax planning, they are also used for asset protection. Trusts can be an effective way to set aside assets for future recipients outside the inheritance tax net in the right circumstances. 

Alexander & Co can assist by:

In business partnerships, all partners are responsible for complying with self-assessment rules. This is both for individual self-employed taxpayers and for the partnership.

Our highly-skilled, experienced personal tax accountants will help lighten the burden of tax compliance for partnerships, allowing you to focus on your business. We will provide guidance, advice, and support in the following areas:

Employee share schemes (also called employee share plans) are incentive arrangements provided by employers to motivate and reward key employees. Such arrangements can be highly beneficial and motivating to employees and drive growth into a business. Shares are either rewarded directly by the employer or awarded via a form of shares scheme put in place by the employer.

Professional advice should always be obtained for the tax position of shares transferred to employees, as it’s a highly complex process. Our personal tax accountants are vastly experienced in employee share schemes, so do not hesitate to get in touch today.

Owning a second property (or more) to rent out is giving rise to an increasing number of tax issues. These individuals will be subject to income tax on any rental income, as well as capital gains tax on any gains following the disposal of the property and additional Stamp Duty Land Tax on the purchase of additional properties

Here are just a few points to be considered:

For further advice regarding your personal properties, do not hesitate to get in touch.

In the midst of a divorce, tax probably isn’t high on your list of priorities. However, it’s important not to underestimate the impact of taxation on the final settlement. Seeking advice on the UK tax implications of divorce, separation, or any proposed settlement at the earliest opportunity is imperative. 

By planning a divorce settlement with care, you should be able to minimise the tax cost of transfers under the divorce settlement.

If you require any more advice regarding tax and your divorce, get in touch with one of our friendly team members.

We live in a very global society and people now have personal and business interests in multiple countries. Whilst it is advisable to seek local tax advice in each country, we have a number of clients that we have assisted in efficiently managing their UK tax affairs in relation to cross-border interests.

Business Asset Disposal Relief (formally known as Entrepreneurs Relief or ER) is one of the most significant tax reliefs available.  It reduces your tax rate to 10% on the disposal of certain trading business interests or shares in trading companies. At Alexander & Co, we can help to try and make sure that this relief is available to you, by helping set up your business in the right way and then keeping you within the rules.

As one of the UK’s leading tax advisory firms, our experienced tax team are here to help you with every aspect of tax advice and planning. Whether you’re a self-employed individual or a business owner. For more information, visit our tax advice page or contact us.

Call our office on 0161 832 4841 or email info@alexander.co.uk.