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Personal Taxation

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Personal Taxation

Whether you are self-employed or run your own business it is essential that you keep your books and accounting records accurate and up to date. Our expert team can provide you with advice on personal, business and corporate taxation. Without accuracy, it is very easy to find yourself in a situation where you are paying more tax than you should do and that is why at Barrons we can manage or help you manage your accounts every step along the way.

Bespoke Tax Strategies:

When discussing tax strategies we always focus on the end results which in turn helps us to see clearly when making decisions. We concentrate on tax affairs specific to your personal requirements in order to help you pay exactly the amount you need to and advise on key areas such as:

  • Your expenses and what can lawfully be claimed as an allowable expense
  • Income requirements
  • Salary requirements
  • Wealth management such as life cover, pension and many more tax-friendly aspects of tax planning

We aim to help you understand tax strategies and what can be done improve your tax efficiency.

Advanced Planning:

We know that when it comes to taxation it is easy to pay more than you need to. The rules of taxation, allowances, and reliefs are all subject to change, which is why it is important to stay aware of the current rules, laws, and regulation to ensure your personal finances can be managed in a tax-efficient way.

Barrons will support you with our team of specialists, who with their knowledge and expertise in advanced planning, aim to make your tax more efficient. Our team of accountants will assess your financial situation and discuss your personal goals. Together we will be able to advise you on strategies and suggest ways to help you plan in advance taking into consideration the use of lawful allowances and reliefs to minimise the amount of tax you will have to pay.

Proactive Reviews:

There are substantial benefits to be gained from taking a proactive involvement in planning your tax strategies in conjunction with appointing a professional tax adviser to ensure you benefit from the maximum the tax breaks that are available to you.

With rules changing at least annually, through a succession of Budget and Mini Budget speeches, it has never been more important to regularly review that you are maximising your tax saving opportunities.

Annual Compliance:

We can advise you on all aspects of personal tax, however, the thing that sets us apart is our commitment and expertise that we offer to all our clients. Our team of experienced accountants will be able to review your current position and offer you advice on the best course of action for the next tax year. We will prepare your tax return for you to review before filing the return with HMRC. We will respond to any queries that the HMRC may have regarding your tax return and we will be able to advise you on any tax payments due.

All actions performed by our team will be carried out in accordance with all relevant rules and regulations set out by the appropriate regulatory body.