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Personal Tax Compliance and Planning

If you are one of the nine million people in the UK who completes a self assessment personal tax return each year, you will know that the process can be complex and time-consuming.

Getting to grips with HM Revenue & Customs (HMRC) requirements and ongoing changes to tax legislation –with the risk of falling foul of a tough penalty regime for failing to return tax returns on time or correctly – means that it’s a wise move to work with tax professionals.

Banks & Co’s team of qualified and experienced experts can save you time and worry by handling your self assessment for you.

When you use our cost-effective service, we will do the necessary computations for you, complete your return – ensuring that it is filed on time – and even offer advice on how you can minimise your tax liability, through making use of all the reliefs and allowances to which you are entitled, and timing of payments to be made.

In making sure that we provide you with cost-effective tax planning advice, we can also explore issues such as tax-efficient planning for your retirement and estate planning, so that you can have peace of mind that your assets will be passed on in a way that minimises your tax liability.

By acting as your agent, we can ensure that any queries and all correspondence with HM Revenue & Customs (HMRC) are properly dealt with on your behalf.

With HMRC becoming more proactive in pursuing tax issues, more taxpayers are facing enquiries into their tax affairs. Should you be the focus of an HMRC enquiry, we can also assist you in dealing with the matter as swiftly as possible, representing your interests and negotiating on your behalf to achieve a satisfactory resolution.

For more information on how we can help you, please contact us.