Property Tax Accountant
All of us have our tax duties to contend with, which often change from year to year. If you have earnings that haven’t been taxed at source, or are a sole trader, you’ll have to complete a self-assessment tax return every year.
That’s tough enough, even before it comes to trying to create a personal tax plan that saves you money.
At Hamilton Morris Waugh, we’ll have your back with all things tax, from compliance to planning. We’ll do that by doing the only thing an accountant can do to learn about your personal situation and income – sit down and talk with you. From there, we’ll be able to create a tax plan that lets you keep more of your own income, while getting your tax return done before late-submission fees kick in.
For example, if you’re planning an asset or property sale, we’ll advise you on how to lower your capital gains tax bill. If you’re thinking about the inheritance you’ll leave behind to your family, we’ll explain the methods you can use to lower the inheritance tax on your estate, including tax-free gifts. You might benefit from the marriage allowance, making charitable donations or making generous pension contributions.
If you’re a sole trader, you might even be able to improve the tax efficiency of your take-home pay by incorporating your business and then paying yourself in dividends. But while that sounds good for your personal situation, are you sure it’s the right choice for your business? Contact us for our opinion and detailed advice on personal tax planning.