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LATIF AND COMPANY Chartered Accountants For Small Businesses Since 1975 Independent Financial Advisers |
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Tax planning is all about understanding the personal and business taxes you are liable to pay, and looking at ways to minimise them. In this way, you can help maximise your net income, creating opportunities to save for the current and future needs of your family and your business.
INCOME TAX
Albert Einstein once famously said that 'the hardest thing in the world to understand is income tax'. But don't let complexity deter you from a simple goal: keeping your taxes as low as possible. As accountants our role includes not only preparing financial statements and tax returns but also working with you to ensure that both the periodic taxes and the taxes out of income are at the lowest possible level. Only by achieving this can you retain the biggest slice of your wealth to spend or save.
CAPITAL GAINS TAX
There is annual exemption each tax year, which can be used to make capital gains without paying any tax. This can be achieved by investing some of your assets in shares or unit trusts. We as independent financial advisers enable you to invest in good quality investments and reduce your risk.
INHERITANCE TAX
This tax only comes into effect on death but the surviving family members have to pay the unnecessary tax bill. This in most cases could be reduced or completely avoided. But forward planning is essential. We can give you suitable plan to you so that most of your assets enjoyed by your family.
CHESTNUT HOUSE
101A HIGH STREET
OLD TOWN
STEVENAGE, HERTS
SG1 3HR
TELEPHONE 01438 354958
Email taxadvice@latif.co.uk
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