“All money nowadays seems to be produced with a natural homing instinct for the Treasury”
(Prince Phillip, Duke of Edinburgh)
Though we may question how our taxes are used, it is not unreasonable to say that taxes have a fair and legitimate part to play in a civilised society. The government of the day collects taxes from individuals and companies and, hopefully, provides services that are in line with the taxes that have been paid. (Remember – we did say “hopefully”.)
Nevertheless, despite our own views on the subject, taxes must still be paid if we are to avoid unnecessary confrontation with Her Majesty’s Revenue and Customs (HMRC) or possible legal action being taken.
The key is to ensure that you do not overpay (or underpay) your tax bill.
That is where sound financial planning and advice come into their own. And that is where Opening Doors Finance are able to assist you greatly.
Our first aim regarding your taxes is to ensure you have used all of the allowances, reliefs and exemptions to which you are entitled, as well as any tax credits. Because you probably lead a full and busy life, allowances are either forgotten, not known about or you may inadvertently believe that you are not entitled to something when in fact you are.
When it comes to conducting investment, pension and business planning, it is all too easy to perform these tasks in isolation without considering the overall tax impact on each part of your life. At Opening Doors Finance, we engage the skill and expertise of both a Chartered Tax Adviser and a Chartered Accountant to ensure the advice we give minimises your tax liability.
As always, feel free to contact us by telephone, email or by Clicking Here to ask for Taxation or Financial Advice