Not everyone is aware that they have the right to arrange their personal or corporate tax affairs in a manner that will minimise the amount of tax they pay. Prime Chartered Accountants has a wealth of experience in tax planning that can improve both business and individuals’ tax positions.

With the increase in property values, Inheritance Tax is an area which could give rise to unexpected liabilities for the unwary. At Prime Chartered Accountants we can provide expert planning advice on the mitigation of potential inheritance tax liabilities.

Self assessment for individuals and partnerships has brought increased burdens on all taxpayers as it is now your legal obligation to meet the deadlines imposed by the legislation in order to avoid unnecessary fines and interest charges.

The vast majority of people will delay making or revising a Will for a variety of reasons but this can pose many problems for those that are left behind. Making a Will enables you to plan exactly what will happen to your estate and personal assets, ensuring that those you would like to benefit actually do so.

A good pension still remains the most tax efficient way of accumulating wealth for retirement. In addition the rules governing annuity purchase have been relaxed; opening up the possibility that upon death, an individual’s residual pension fund could pass into the pension funds of their children. This will remove a major obstacle to pension provision for many people.

Whether you are a busy executive, balancing the demands of the home or enjoying your third age, you may feel unable to devote sufficient time to the management of your financial affairs. Many individuals find that they, over the course of their lives, acquire piecemeal investments in the shape of various pension arrangements, ISAs, other shares and insurance bonds.

There are key stages in life when it would be prudent to review your life assurance in order to protect your family’s financial security as well as your own. Prime Chartered Accountants can provide life cover and financial advice to suit your circumstances no matter where you are in life:

Whether you are an employer or an employee, a higher rate earner or a married couple, find out how you are affected by 2012/13 changes to Income Tax by using our easy reference Personal Tax Chart. Prime’s trained experts can also advise you on the latest Company Car Tax, Benefits in Kind and Mileage Allowance rates while our Prime Paysolve team can even handle all your PAYE and NIC requirements, ensuring that your payments are accurate and on time.