Minimise tax complexity and maximise tax efficiency

Personal tax: how to organise your personal tax affairs efficiently

Tax is never simple - and self-assessment is no exception. BSR Bespoke chartered accountants in Tunbridge Wells are on hand to help you minimise tax complexity and maximise tax efficiency in all your personal tax affairs.

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"What is the difference between a taxidermist and a tax collector? The taxidermist takes only your skin."

— Mark Twain

Is it possible to reduce my tax bill?

Paying tax can make the best of us feel like we've been skinned alive. And with the tax system becoming increasingly complex in recent years, it's getting harder for people to organise and plan their affairs tax-efficiently. But with some well-planned strategies and close attention to your specific situation, our expert accountants can help ensure that you pay only the tax required by law, whether you be an employee or self-employed, a landlord, investor or pensioner.

How can you help me manage my personal tax affairs as efficiently as possible?

At BSR Bespoke, we think you should be in control of your tax - not the other way round. That's why we're dedicated to help make sure that:

  • you understand your personal tax position.
  • you're compliant with HMRC requirements.
  • you're claiming all the tax reliefs available to you.
  • your tax liabilities are identified at an early stage.
  • you recover any refunds that are owed to you.

What personal tax planning areas can you advise me on?

When it comes to personal tax planning, our Tunbridge Wells team can advise on various opportunities and tools, including:

  • tax-efficient strategies, such as Individual Savings Accounts (ISAs), the Enterprise Investment Scheme and Venture Capital Trusts.
  • property investment: buying and holding commercial and residential property (for example, Rent-A-Room, landlord expenses, buy-to-let mortgages).
  • pension funding and tax relief, including how to use your investments to contribute to your pension scheme.
  • tax-efficient use of losses, including how to decrease your taxable income.
  • impact of changes in taxation of dividends and savings income.
  • transferring assets within your family, including to your spouse or civil partner and making gifts to your children through Junior ISAs.
  • Family Investment Companies (FICs) (companies that invest rather than trade, typically in property or equity portfolios).
  • Capital Gains Tax planning, including the transferral of assets
  • Inheritance Tax planning, including making gifts from your estate and PETSs (potentially exempt transfers).
  • Make sure that you are aware of your obligations under the updated Making Tax Digital (MTD) requirements.

Get in touch

For a free initial consultation, please contact Adam Hills.

Email Adam Hills