Personal Tax & Accounting in Kent
With over 40 years in the industry, the team at Aggarwal & Co have worked closely with many individuals to provide a range of proactive personal tax services. As tax specialists, we offer guidance and advice across many facets of personal tax — which you can read about below.
We can advise on a number of personal tax processes. These include basic accounting responsibilities such as calculating and filing self-assessment tax returns and income tax, as well as more specific aspects, such as expatriate tax — and more. Our bespoke tax service looks at your requirements and ensures you meet all your tax obligations with full compliance.
IHT (inheritance tax) accounting means helping you to make proper arrangements for the passing and probate of your estate to beneficiaries. Your estate must be properly accounted for to meet legal tax obligations, and there are some tax opportunities available to help maximise the amount passed on to your family. A professional inheritance tax planning service is essential, ensuring there are no nasty surprises for your family in the future.
Planning for your retirement is a prudent decision and one which will help you to maintain a comfortable standard of living later in life. We can help you minimise tax when you decide to retire from your business, as well as advising on entrepreneurs tax relief as a means of planning ahead and minimising taxation. Working closely with you, we aim to help you properly prepare for the future.
If you are self-employed, you can save time and stress by letting us handle your self-assessment tax returns on your behalf. We will prepare, calculate and file your tax returns accurately and on time, ensuring you avoid any penalties and minimise your tax liability. This includes guidance on rental income, property tax and more.
Trusts & Executorships
If not properly planned for, inheritance tax can soak up a sizeable chunk of assets you plan to leave behind to your family. Trusts and executorships are a popular way of setting aside assets for the future, outside of the scope of inheritance tax. We will help you to choose the right trust for you, and we will handle all accounting functions of the trusts we set up. Setting up a fiduciary account and naming an estate executor is a proactive, sensible decision, and one we will guide you through from the start.
Tax circumstances regarding the purchase, management and sale of property can be complex. We can help you to understand Stamp Duty Land Tax (SDLT) on the purchase of a property.
To enquire after any of these services, don’t hesitate to contact your closest local branch today — whether that’s in Rainham, Ashford, Sheerness or Gravesend.
Call us today on 01634 540 276