Personal Tax Services

Effective tax planning can make a substantial difference to your tax bill.

Tax Planning

Effective tax planning can make a substantial difference to your tax bill, so everyone who is subject to self-assessment needs professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements.

Our personal tax planning is tailored to meet your individual needs, with the primary goal always being to minimise your tax liability so you can keep as much of your hard earned cash as possible.

Another area of crucial tax planning is inheritance tax, which by its nature requires careful and considerate planning. There are many tax opportunities available and the earlier arrangements are made, the greater the chance of taking full advantage of our complicated tax system.

We also have expertise in dealing with trusts; a relatively easy and tax efficient way to set aside assets for future generations outside the inheritance tax net. Working closely with your solicitor we can advise on the most suitable type of trust to fulfil your wishes, assist in setting up the trust and provide the full range of accounting services required for trust management.

Self-Assessment Tax Returns

Your self-assessment can be time-consuming and complex, with mistakes costing you not only in more tax, but potentially in penalties too.

bostockwhite can prepare your tax return at a cost-effective price, especially in conjunction with other services provided such as accounts preparation. Our team will ensure that your tax liabilities are calculated accurately and submitted to HMRC on time.

Our team can also prepare any soletrader and/or rental accounts for you, in order to maximise the tax reliefs available to you in order to reduce your overall tax liability.

By preparing your self-assessment tax return alongside detailed tax planning and other statutory areas of accounting, such as corporation tax returns and statutory accounts, we develop an intimate knowledge of your business and circumstances to deliver a comprehensive, cost-effective and efficient package.

05 Nov 2020

Furlough scheme extended

On 5 November, Chancellor Rishi Sunak announced that as part of the new national lockdown the Coronavirus Job Retention Scheme (CJRS) has been extended until the end of March 2021.

05 Nov 2020

Increased support made available for the self employed

The government has increased the support available to self-employed workers and extended its emergency business loan schemes.