Inheritance Tax

No one likes the thought of inheritance tax.

During an often difficult time, it’s the last thing you want to be dealing with.

But with the correct preparation and planning, you can ensure the process is handled sensitively.

How we help

Planning your estate in a tax-efficient way can help reduce the amount of inheritance tax you need to pay.

Our team can help you make use of various exemptions and reliefs available to minimise tax.

Filing an IHT return after someone’s death can be complicated, but our team can help ensure it’s done correctly and on time.

You may be eligible for exemptions from Inheritance Tax, such as gifts, agricultural and business relief. Our team will make sure you’re aware of any available to you.

 

Even after a family member’s death, there may still be opportunities to reduce the amount of IHT payable.

Small business accountants discussing taxing inheritance

A helping hand

Our team can advise on post-death tax planning strategies like deeds of variation or other arrangements.

You may also be exempt from paying inheritance tax, which is why it’s worth speaking to an expert to find out more.

There are lots of complex elements to Inheritance Tax, and getting the correct advice can save a lot of stress during an often difficult time.

Legal services Consulting Dinosaur

In short, yes.

Taxes unfortunately are inevitable, but there are lots of ways you can lessen the amount you’ll have to pay. That’s where a good accountant comes in. Trivial benefits, business expenses, capital allowances, pensions contributions ya-da, ya-da. We won’t bore you with the jargon but there are plenty of options that allow you to reduce the bill you pay to HMRC. A good tax advisor will make you aware of these way ahead of time and help you put in the necessary steps so you can take advantage of them proactively rather than letting the opportunity pass. We’ll also explain it in simple terms that a real life person can understand so you don’t have to be a HMRC-created automaton.

Xero to Hero. Yes, it's fair to say we love Xero.

So why Xero? Why not any other of the hundreds of accounting software out there? In short, Xero speaks the language of business owners. There’s no industry jargon, it’s easy to use and is specifically aimed at business owners rather than accountants. So if you haven’t used Xero before, don’t fret. After a bit of training with our onboarding team, you’ll be a master in no time. We pride ourselves in being one of the best Xero Advisors in the country. For us, it’s the clear front-runner in the digital accountancy arms race.

You might have heard this one bandied around by accountants before, and no, we're not talking about Angry Birds.

The App Stack is a fancy way of talking about the apps you choose as part of your Finance Function. The best way to picture it is similar to a smartphone. In this example, let’s imagine Xero is your smartphone. It’s the main platform that we use, it houses everything and bring it all together in one place. Just as you can download apps onto your smartphone, you can also add other apps to Xero depending on what functionality you want. There are all kinds of Apps that integrate with Xero, from receipt scanning, to invoice chasingcashflow forecastinge-commerce and management accounting. All of these apps integrate with Xero and give you even more information about your business.

Speak to an expert

Neil Ormesher

CEO
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