Personal Tax

Mitchell Charlesworth Chartered Accountants & Business Advisors currently advise a wide range of clients on personal taxation issues, and the department responsible has had many years of experience dealing with personal taxation and would be delighted to be of assistance to you.

Who can benefit?

With the current tax structure and in particular self assessment and the potential for tax repayments, it is possible for even the most simple of cases to benefit from positive tax advice. This could apply to employees, company directors, self-employed individuals and partners, non-residents with funds in the UK and private individuals with inherited income. This could apply equally to the particular individual and their spouse.

Why not let us carry out a FREE review, without any obligation on your part to establish whether we can be assistance.

How can we help?

The following are some of the areas of taxation advice which we are able to assist with :-

• Income Tax
• Capital Gains Tax
• Inheritance Tax & Wills
• Partnership
• Taxation
• Life Assurance
• Pensions & Investment Advice
• Retirement Planning
• Redundancy
• Benefits in Kind
• Property Income & Dealing
• Lloyds Underwriters
• Personal Tax Returns
• Expense Claims
• Independent Taxation Advice

Individual Taxation Advice

Any individual whether employed or self-employed can benefit from personal taxation advice.

In addition to the more general advice provided as part of the annual submission of individual's income tax returns we can advise on :-

• Self Assessment
• Current Year Basis of Assessment
• Capital Gains Tax
• Inheritance Tax and Will Planning
• Individuals living or working abroad
• The use and effects of 'roll over relief'

Income Tax Returns

A partner in the firm is directly responsible for every client, ensuring that all aspects of their financial and taxation affairs are dealt with in a confidential and efficient manner. The practice employs specialist staff to deal with individuals personal tax including the preparation and submission of their annual income tax return. They also deal with all correspondence from the Inland Revenue providing the client with peace of mind. The annual service provided by our staff includes :-

• Checking all income sources and gains are correctly returned
• Preparing supplementary schedules and computations
• Ensuring all allowances have been obtained
• Dealing with any income tax repayments
• Dealing with all correspondence from the Inland Revenue
• Checking and advising on the tax payable
• Advising generally on the benefits of independent taxation
• Keeping the client informed in relation to their affairs

Investment & Life Assurance

Mitchell Charlesworth is registered as an 'Independent' Financial Advisor authorised by the Institute of Chartered Accountants in England and Wales.

The firm's aims are to provide "Best Advice" to its clients, using staff who have specialist knowledge of the wide range of products that are currently available.

Our specialist team are able to work closely with the tax staff who act for our clients to provide advice on :-

• The review of a client's affairs
• The need for Life Assurance
• The use of Tax Efficient Investment Advice including the use of ISA Accounts and Government Securities
• The selection and appointment of stockbrokers
• The meritsa of ;-

• Money Market Deposits
• Insurance Schemes
• Building Society Accounts
• Government Stocks
• Unit Trusts
• Quoted Investments

Pensions & Retirement

The partners and specialist staff are able to advise on funding for individual pensions. They take account of the client's personal circumstances and plan with them the various retirement options and arrangements available, including:

• Identifying the most appropriate pension scheme and contribution levels
• Providing illustrations on the projected benefits
• Considering the tax implications and investment opportunities surrounding receipt of a lump sum payment
• Reviewing without obligation the pension scheme transfer opportunities where an employee moves jobs
• Reviewing the possibilities of consolidating the differing pension arrangements to ensure that the maximum benefits are obtained

Your next step

If you would like to discuss any of the above or require further information please e-mail Tim Adcock.