We have extensive experience acting for barristers, not only in respect of professional income, but also barristers’ wider tax affairs. See below some of the specific services we can offer barristers, and also see our services for individuals and businesses.
Barrister Accounts and Self Assessment Tax Returns
We can assist you with your accounts and tax compliance obligations, which mostly involves the preparation of annual accounts and submission of Self Assessment tax returns, but also includes the preparation and submission of tax repayment claims, tax elections, Non-Resident CGT returns and much more.
VAT, Making Tax Digital and Payroll
We offer bookkeeping services to free up your time and help you stay compliant with your obligations.
This includes the preparation and submission of VAT returns and also processing a payroll if appropriate.
Barrister Tax Advice
As a Chartered Tax Adviser practice, we pride ourselves on providing tax advice to help you maximise your tax efficiency. We can advise on a wide range of tax planning opportunities, including:
Savings and investments
Tax efficient investments
Capital gains tax
Claiming relief for losses
Family tax planning
Barrister Accountancy, Tax and Financial Advisory Services
As an enhancement of our barrister accountancy and tax advisory services, we have partnered with Desire Wealth Management to provide an end-to-end service for barristers. The service comprises 3 parts:
Barrister accountancy and tax compliance services
Barrister tax advisory services
Barrister financial advisory services
Tax planning and advice often goes hand-in-hand with financial advice (an example being an accountant or tax adviser identifying a tax planning opportunity with pension contributions or tax efficient investments, and a financial adviser then advising on which pensions to make contributions to or funds to invest in). A joined-up service therefore makes sense not only from a financial perspective, but also a client service and time-saving perspective; included in our service is a joint annual meeting at chambers, so that you receive the best advice in a single meeting with your accountant, tax adviser and financial adviser.
Tax Enquiries and Investigations
In the event of an enquiry or investigation by HMRC, we can deal directly with HMRC on your behalf to ensure the enquiry is dealt with in the most efficient manner, risks are minimised and additional tax liabilities & penalties are mitigated.
If we prepare a tax return for you, we offer an optional tax enquiry fee protection service, which for a modest annual fee covers our professional costs in dealing with an enquiry into your tax affairs.
For a free, no obligation consultation or a fee quote, please contact us