Private Individuals

When time is short, finding a few hours to sort out your financial affairs is often not top of your priorities... but tax return dates are not flexible.

We look after you when you need us and understand the complexities that are specific to your financial affairs. We can ensure that you:

• Stay on top of your finances
• Manage and protect wealth held across a range of assets such as company shares, property and investments
• Pay minimum taxes
• Know your tax liability well in advance to plan for the payment
• Get fast turnaround times for taxation and accounting tasks
• Have access to up-to-date and accurate records
• Receive regular financial updates
• Get qualified advice on financial compliance and regulation

We do all the things you expect your accountant to do: protecting your wealth, planning and preparing tax returns, providing financial information, pension advice and retirement planning. 

Need Help with your Self Assessment Tax Return?

Are you dreading doing your self assessment tax return, or struggling to find the time?

Key Dates for Self-Assessment

Personal Tax Deadlines

31 January 

• First payment on account for current tax year
• Balancing payment for previous tax year
• Deadline for filing electronic tax returns for previous year

31 July

• Second payment on account

5 Oct 

• Deadline for notifying HMRC of new sources of income if no tax return has been issued for previous tax year

31 Oct

• Deadline for submission of previous tax year returns requiring HMRC calculation and where the tax payer wants a balancing payment (below £2,000) collected through there PAYE code
• Deadline for submission of previous tax year non-electronic returns

At Clear & Lane we work very hard to ensure that the tax clients pay is kept to a legal minimum, if it can’t be avoided altogether.

We go far beyond that and look at their personal aspirations for income, capital, lifestyle, retirement, family and succession to ensure that their affairs are planned to minimise the effects of taxation. 

• Self Assessment
• Tax Planning
• Inheritance Tax (IHT) Planning
• Financial Planning Services
• Exit Planning
• Mortgages and related advice
• Divorce and separation issues

   Download Private Client Services Fact Sheet

In more detail

A vital part of the work undertaken by Clear & Lane focuses on managing wealth for individuals and families to protect their financial concerns. The current structure of your affairs can have an important effect on the future wealth of your family.  We find that people are particularly concerned by a range of personal taxes and the burden of tax compliance - Capital Gains Tax, Inheritance Tax, Residence & Domicile Tax Returns & Tax Payable.

Clients include high net-worth individuals, directors of businesses, family trustees and other private individuals for whom we provide tailored and appropriate solutions for their individual financial situations. We work closely with our clients to assist them in managing the full range of personal taxes, looking at financial services and financial planning and the use of trusts as a part of overall wealth management.

Our tax department works alongside clients, preparing all the relevant returns and ensuring they get all the relief available as well as providing up to date advice relevant to your needs. They include ex-HM Revenue & Customs staff so, as well as having the necessary technical knowledge, they also have an in depth understanding of the authorities working practices and procedures. Our friendly, practical, expert advice in this constantly changing field will be of great value to you.  Clients are looked after by a lead partner who will oversee the work undertaken on their behalf.                                      

In summary

The role of “trusted adviser” is not only important when dealing with our clients, but also with their families. Our clients naturally wish to organise their financial affairs to achieve tax efficiency in meeting their own personal objectives. We are delighted that private clients form such an important part of our practice and we provide bespoke tax and financial planning advice for individuals, families and trusts and work closely with our clients to ensure that they receive a confidential, responsive and personal service.

For further information about out Private Client Services, please speak to Jim Reece our Tax Partner on 0116 261 0061 or email him directly at jimreece@clearandlane.co.uk

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