HERE IS WHAT WE DO
We sit down and talk about everything, your job, your savings, your plans, your family and what your goals are.
1. Talk
We delve into your finance in more detail.
2. Consultation
We provide you with solutions in an advice document.
3. Advise
We help you implement the chosen solution. We can hand hold you through the entire process.
4. Implementation
Once completed we review and provide additional options.
5. Review
Because things change.
6. Stay In touch!
Next to living expenses, taxes of various sorts will be an individual’s highest outgoing. And yet statistically, it’s the one area that the majority of people do not apply any planning to.
We plan the life out of our household expenses, checking to make sure we aren’t overpaying on utilities, but we just assume that our tax bills are what they are!
DO I NEED PERSONAL TAX PLANNING?
Let us help you achieve your financial and business goals
Surprisingly many people do not consider themselves in a position to benefit from tax
planning. In the past many have viewed “tax planning” either with suspicion or scepticism,
especially as it’s been in the spotlight for all the wrong reasons.
The reality is that tax planning is something everyone can and should be doing.
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Income tax planning
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Tax efficient remuneration planning
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Tax return completion
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Management of tax payments
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Capital gains tax advice and planning ideas
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Benefits advice and incentives planning
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Share schemes and reward strategies
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Employment and self-employment advice
WHAT CAN WE DO FOR YOU?
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International and residence expertise
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Registering an individual’s UK arrival or departure with HMRC.
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Detailed advice for non-domiciled individuals, including how to make tax-efficient remittances to the UK.
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Advice on how to structure wealth tax efficiently and how to disclose transactions to HMRC.
WHAT AREAS CAN I LOOK AT?
I’m a regular PAYE person, surely there’s isn’t much I can do about my tax?
There are plenty of areas that can be looked at
Tax on earnings
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Employee benefits
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Exchange Salary for benefits
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Company cars pension contributions
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Savings and investments
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Using the ISA allowance
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Transfer of savings to your spouse
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Using Enterprise Investments Schemes to get substantial tax refunds
High income earners need to be aware of the £100,000 and £150,000 thresholds, as there are various strategies that can help to stay below these
Tax on earnings
The rate of tax on taxable dividend income (ie from shares not held in an ISA or pension fund) has risen from 6 April 2016 and the notional 10% tax credit is now abolished.
A new £2,000 nil rate band on dividend income has been introduced so the exact rate of tax anyone pays on their dividend income will depend on the amount they receive and their other income. With appropriate planning and care it is possible to structure Dividend payments and reduce the tax burden.
Here at Klearbooks, we have been providing solutions for many clients that meet these two goals.
SO...HOW DOES THIS TYPE OF PLANNING WORK?
We can guide you through the process. It’s not difficult. Even better, a quick review of your position
won’t cost you anything but may turn up some surprising results!
