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No-one wants to pay more tax than they have to and yet most people want to avoid a potentially expensive and time-consuming HMRC enquiry. There are perfectly legitimate ways to order your financial affairs in order to minimise your tax liability. Let us talk you through what might apply to your situation so that you can plan intelligently.
Tax planning has a bad name with the fallout from complex tax schemes but planning to legitimately minimise your tax liability now and in the future is key to managing your prosperity.
Whether it’s claiming all allowable expenses to reduce your taxable profit, using the tax advantages of a limited company, or minimising your personal tax liability with pension contributions or government backed EIS schemes; why would you want to pay more tax than you have to?
Hi, I'm Ian Marlow, and I lead the team at HFM Let's speak about your situation
Changes to private residence relief (PRR) which have already been announced are planned to come into effect next year.
You should be aware that if you...
How can you reduce the SDLT and income tax you pay on jointly owned property rental income?If you own a property jointly with your spouse...
HMRC has confirmed that it has reviewed approximately 30,000 self-assessment returns for 2017-18 where it considers that there is a risk that its tax calculator...
HFM Tax is one of the very first accountancy firms in London to launch a free mobile App. Our app is packed full of some really useful Tax Tables, Calculators and important dates. Download now.