Tax Planning

Tax liabilities are, unfortunately, on the increase and with tax planning we are able to minimise your own tax liabilities. We will discuss various conducts of financial planning with you to improve your net income and overall wealth.

Metherell Gard can advise on any aspect of taxation and the wide experience of our staff means that we can give impartial advice tailored to suit you.

Business Tax Planning

As tax represents a substantial part of your trading costs, legislation can encompass daunting reporting obligations and intensive investigation policies by the tax authorities (not to mention severe penalties for non-compliance) can consume an increasing amount of your time and resources.

Metherell Gard offer a range of services to help minimise your tax exposure, alleviating another administrative task. We can help by:

  • Determining the most tax effective structure for your business
  • Introducing tax planning
  • Exploring and taking advantage of all tax opportunities
  • Achieving the optimum capital or revenue tax treatment
  • Meeting the rigorous demands of compliance including tax self assessment
  • Acting on your behalf in discussions with the tax authorities

Personal Tax

With the tax regime becoming more complex and more emphasis being put on taxpayers' individual responsibilities, everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet all the compliance requirements.

Metherell Gard are tax specialists. We provide comprehensive tax advice on:

  • Income tax
  • National Insurance contributions
  • Capital Gains tax
  • Inheritance tax
  • Trusts and estates
  • Non-domiciliary tax issues

Speaking to us can ensure you are taking full advantage of the tax saving opportunities available to you.

Retirement

In order to maintain the same standard of living in retirement as while working, considerable forward planning is required and some of the strategies you may need to consider include:

  • Exit strategies
  • Pension provision
  • Savings and investments
  • Life assurance and long-term care
  • Are you aware of all the possibilities open to you for each of the above?
  • Are you making full use of all your allowances?

Metherell Gard can help you answer all these questions and we will recommend solutions tailored to your particular needs. Although we ourselves are not registered to give any investment advice, we would be pleased to recommend appropriate Independent Financial Advisers to assist where necessary.

Partnership

This will bring with it specific areas you will need to explore, including:

  • Basic mitigation of inheritance tax liabilities
  • Tax efficient business sales
  • Planning for business succession
  • Setting up business deals in the most tax efficient structure
  • Setting up and running of trusts, and
  • Minimising tax liabilities for businesses