Our focus is on taking care of your tax returns and other compliance matters, and supporting you with effective advice on tax, planning and trusts, whether you are resident in the UK or have interests here.
We can be your trusted advisor for all your key financial decisions through life. We’ll help you to invest and accumulate assets tax-efficiently and with an eye to the future. When want to distribute those assets, we’ll help you do so with the minimum tax impact.
Throughout all these stages of our relationship, our tax and planning advice will be informed by our understanding of your situation and ambitions. This proactive, partner-led service is one of the reasons why we establish long-term relationships with our clients, sometimes through generations of the same family.
We integrate our support with the expert knowledge of trusted and recommended specialists such as solicitors, investment managers and IFAs. For example if we recommend making additional pension contributions as a tax-efficient strategy, we can connect you with an investment manager or IFA for advice on which pension funds to choose.
Our support covers both UK and non-domicile aspects. Many of our clients have an international lifestyle and rely on us on to ensure their finances and trusts are tax-efficient.
We provide full compliance services for trusts, undertake independent examinations and audits of charitable trusts, carry out admin and provide back office services if required. We work with trustees on many offshore trusts. In the UK, several of our partners act as trustees on our clients’ trusts.
When setting up a new UK or non-UK (offshore) trust or reviewing an existing one, we’ll make sure it’s structured to be tax-efficient structure and to achieve what you want.
Often parents want to set up trusts to ensure their children’s assets are protected if they go on to marry and then divorce. Alternatively, they might be concerned their children will have difficulty managing their money or use it unwisely, particularly if they stand to inherit a considerable amount. Once we’ve suggested a structure that will achieve your aims, we can put you in touch with solicitors and liaise with them to ensure the trust is drafted correctly.
Sensible tax planning can simplify your financial affairs and protect your wealth.
Our team of personal tax specialists can advise you on every aspect of your personal tax position, from dealing with your annual tax return to structuring your affairs efficiently to meet your future goals.
Our personal tax team are well equipped to advise on issues covering income tax, capital gains tax and inheritance tax. We are experienced in advising families with complex affairs including those with international tax issues.
Many people approach inheritance tax for the first time at a difficult period. However, some careful planning during someone’s lifetime can ensure that an estate is administratively simple, that it meets your objectives for the distribution of your estate after death and importantly that it is tax efficient. There are various planning opportunities that can be implemented during someone’s lifetime that could reduce future liabilities.
Making Tax Digital
You may have already heard about Making Tax Digital (MTD). This comes into effect in April 2024 and will require a considerable cultural change from those affected – initially the self-employed and those receiving an income from rental properties and holiday homes.
MTD will require reports to HMRC each quarter, rather than annually, and will roll out to other tax payers later. We can help you start preparing now, so you’re set up and familiar with the system in plenty of time.
Our protected client portal
We appreciate you want to keep your personal financial information private and safe, so we can set up an individual client portal for you – a secure online facility for exchanging documents and confidential information.
- Tax returns – for self-assessment, partnerships, trust beneficiaries and trustees
- Inheritance Tax
- Capital Gains Tax
- Rental income and ATED (Annual Tax on Enveloped Dwellings)
- Advisory and planning ahead – pensions and retirement
- Tax efficient investments
- Family office service
- Probate and estate services
- UK and non-domicile support
UK and non-UK (offshore) trusts
- Preparing accounts
- Preparing and submitting tax returns
- Advisory/tax planning opportunities
- Family wealth management and asset protection
Autumn Statement – 17 November 2022: full summary
On 17 November 2022, the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of stability, growth and public services. The government sought a balanced path to support the economy and return to growth, partially through public spending restraint and partially through tax rises.
Reversal on Emergency Budget
As the saying goes, a week is a long time in politics. However, recent events have been unprecedented. At the Mini Budget a new Prime Minister and Chancellor launched a new agenda, ‘The Growth Plan’.
Private Client Briefing 2022
We again find ourselves in challenging and uncertain times. Economic uncertainty and increases to the cost of living are coupled with increases to the rates of National Insurance and income tax on dividends.
Please visit our dedicated COVID-19 page on the range of financial, tax and accounting measures being introduced with our related thoughts/insights on helping businesses during this time.
We really appreciated the time that the haysmacintyre team spent working with us on our application; they were patient and helpful, and dedicated senior resources so as to provide expert opinions that greatly helped with the process. They consistently met the HMRC deadlines, and were on hand at all times to answer any related queries that we had. All in all, they made a stressful process much more manageable, and we were very happy with the service we received.
Director of Finance & Resources
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