As governments strive to raise additional revenues by extending the scope or reach of taxation, tax has become increasingly complex in many jurisdictions and what might previously have been viewed as seemingly straightforward planning can give rise to heightened tax risks – the most important issue is how these risks are managed.
- Where are you resident?
- Where are you domiciled?
- What assets do you own and where are they located?
- Do you need to consider structuring for tax purposes?
- What plans have you made for your wealth for the next generations of family?
At Abacus, we keep pace with the changes and ever more sophisticated tax issues to support the needs of our clients, which are critical to sustaining growth. We have a dedicated team of tax professionals who stay abreast of tax developments and who are able to react effectively and efficiently to the implications of changes for the structures that we manage.
The role of the tax adviser is not simply to provide routine advisory and compliance services to clients. Often these services will be broad and will encompass a variety of issues across a number of disciplines.
Be it the relatively straightforward planning techniques, or the more complex structuring of a client’s tax affairs, Abacus has the breadth and depth of taxation expertise necessary to provide tailored advice. We offer a range of innovative ideas for effective tax planning and mitigation of tax liabilities for individuals, companies and trustees. Our services include:
- Tax consultancy
- Tax compliance
- Tax planning for non-UK domiciled individuals
- UK inheritance tax planning
- Investment into the UK by non-residents
- UK cross-border structuring
- International expatriate issues for employers and employees
- Payroll services
- Bookkeeping and accounting
The rate of change in UK tax legislation, particularly anti-avoidance rules that impact upon offshore structures, makes the task of managing structures effectively more and more challenging.
With a dedicated team of tax professionals, we can ensure that structures are properly implemented, that ongoing transactions are structured to be as tax efficient as possible, and that regular reviews are conducted to ensure tax optimisation.
Our year-end tax service is designed to ensure compliance with UK tax filing requirements and provide beneficiaries with the detailed information necessary to fulfil their own UK tax filing obligations.
Tax planning for private clients has become an increasingly complex issue in the era of globalisation, with yet more sophisticated and international products, more transient populations and increasing pressures on governments to extend the ambit of their tax regimes in a bid to increase tax revenues.
Typically, when it comes to taxation, mitigation of current taxation charges and the preservation of wealth are at the forefront of the minds of most private clients.
Given both the company’s pedigree and core activities, offshore trust structuring for non-UK domiciled individuals, investment into the UK by non-residents and other UK cross-border issues are our particular strengths.
Our tax compliance services comprise filing UK and Isle of Man tax returns and computations for individuals and any private trading or investment entities which they control.