Managing and planning your family’s tax affairs is a vital component in its overall financial strategy.
Constant changes to tax legislation, more onerous reporting requirements and increased risk of investigation mean it’s more important than ever that your tax affairs are in order down to the very last detail.
As well as helping you to complete tax returns and deal with HMRC, we assist with long-term planning to manage the impact of capital taxes and also advise on:
setting financial objectives and formulating plans to achieve them
the tax consequences of alternative structuring of family finances
the tax implications of proposed transactions
the interaction of international tax regimes for both individuals and trusts
the creation, winding up and administration of trusts, offshore trusts and estates
the tax position of non-UK domiciliaries
When dealing with deceased estates, our expertise as a corporate trustee can be leveraged through Smith & Williamson Trust Corporation Limited. Our partners also act as professional trustees and executors. We can also assist with the financial aspects of estate administration.
Our strong relationships with the regulators and tax authorities enable us to help individuals respond to queries from HMRC, whether formal investigations or more informal questions and conduct negotiations quickly and cost-effectively.
The results show that the current generation of business owners face more varied challenges than their forebears.
Advising on and acting in a range of technical disputes and enquiries from HMRC.
Weekly Tax Update 14 August
In this week's Tax Update: new online system for lodging appeals with the tax tribunals; simplification of PAYE Settlement Agreements (PSAs); additional HMRC draft guidance on the corporate interest restriction and VAT updates.