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New Tax Year Planning Pt. 1

In the first of two posts about tax planning, ahead of the new tax year, we look at how you can use salaries, dividends and pensions to maximise tax-free income. Salaries You may think this is a strange one to put in for tax planning, but it is an obvious one, and...

Tax Planning for Spouses

Capital As mentioned in a separate article in our January 2019 Professional Newsletter, as transfers between husband and wife are ignored for Capital Gains Tax (CGT) purposes, why not use this as much as you can to reduce a clients’ tax bill for any gains? Pensions...

CGT Planning

More and more clients need to do some Capital Gains Tax planning (CGT) as investment valuations rise. So here are some things you may wish to consider as an accountant or solicitor. Personal Allowances The current CGT allowance is £11,700 per person, and it is always...

Why Accountants should do Tax Planning

As an accountant myself, I know that many accountants don’t want to stray into the financial advice market in case it goes wrong. It doesn’t need to be as black and white as that though. When doing clients’ accounts and tax returns, it is easy enough for an accountant...

Why MAP use investment funds?

Some people over the years have asked us why we don’t use shares when we invest money for clients, and only stick to funds. Basically, we think funds represent a safer way of doing things. If you were to invest in a company’s shares, you need to do a lot of homework...