Personal tax planning

Personal services with Smith Butler

Because we establish a one-to-one relationship with each client, we are able to offer timely, individual inheritance tax advice and personal tax planning to help improve your business or personal finances.

As leading-edge accountants, we have developed innovative, client-focused services that provide not only all the reliable background support you would expect from a professional firm but also forward-thinking, tax efficient advice on how to improve your situation and reduce tax liability.

Financial services

Financial services are now strictly regulated, and providing independent financial advice requires specialist knowledge. We have close contact with many such experts, including financial advisers and inheritance tax specialists, to ensure you receive the comprehensive advice you need.

The question of whether someone is employed or self-employed is not as straightforward as it might at first appear. Many people assume they are free to choose, but this is not the case under the complicated rules governing employment status.

Independent financial advice

Employment status & IR35 defence

The question as to whether someone is employed or self employed is not as straightforward as it might at first appear. Many people assume they are free to choose, but this is not the case.

Check employment status for tax

Inheritance tax planning

It makes sense to plan ahead for the future, whether it is for yourself or your business. Tailored wealth succession planning enables a smooth transition of family wealth and business assets to future generations while minimising inheritance tax liability.

Trusts can be used as tax planning vehicles, particularly as part of inheritance tax planning, to protect assets and make use of tax reliefs such as business relief, agricultural property relief, and the residence nil rate band.

Inheritance tax planning advice

Trusts

Trusts can be used as tax planning vehicles, particularly as part of inheritance tax planning.

Trusts

Personal tax planning

We are the tax specialists. We can provide you with year-round tax advice, helping you to maximise your tax-free allowances and manage your inheritance tax bill effectively.

Liability to UK taxation depends on an individual’s residence, ordinary residence, and domicile status, which are important considerations in personal tax planning.

Personal tax planning

Residency & domicile

Liability to UK taxation depends on an individual’s residence, ordinary residence and domicile.

Residency and domicile

Retirement strategies

Everyone hopes to maintain the same standard of living in retirement as they presently enjoy while working, but to achieve this requires careful planning and consideration of tax-efficient retirement options.

Retirement strategies

Estate planning

Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family members, adult children, civil partners, and friends who survive us.

Effective estate planning helps ensure that your wealth passes to your direct descendants and other beneficiaries in the most tax-efficient way, avoiding unnecessary inheritance tax and protecting your family home and other assets.

Estate planners

Want an initial talk that won't cost you a penny?

You can reach out to us with your accountancy or business query on the phone, over email, through our website or even on social media if you're that way inclined. You’ll get an honest response and that won't cost you anything. 

Get in touch