Tax Planning · East London
Tax planning in Clementswood
If you are a director, a higher earner or a landlord in Clementswood and nobody has ever sat down with your whole position, income, company, pensions, property, spouse, and worked through it, this is that review. We do it for clients across East London by video call and written report, for a fee agreed before we start, using established reliefs only.
from £249 · fixed, per review
Next deadlines
- Online Self Assessment filing deadline and balancing payment due
- Tax year ends: last day for pension, ISA and dividend timing decisions
- Companies House accounts due 9 months after your year end (a 31 December year end files by 30 September)
- Corporation Tax payment, 9 months and 1 day after your year end (a 31 December year end pays by 1 October)
Who this is for
Tax Planning for Clementswood
Company directors in Clementswood deciding how to pay themselves, higher earners near the £100,000 personal allowance taper or the £125,140 additional rate, couples who could use both sets of allowances better, landlords and investors with gains to time, business owners approaching a year end with profit to deploy, and anyone whose affairs have grown more complicated than their current adviser has noticed.
What is included
Everything inside the fixed fee
- A review of your current position across income tax, National Insurance, dividends, Corporation Tax and capital gains as relevant
- Allowances and reliefs checked: personal allowance taper, marriage allowance, pension annual allowance, dividend and savings allowances, ISA use
- Director remuneration modelled: salary, dividends, pension contributions and benefits for the coming year
- Timing decisions quantified: dividends across tax years, capital expenditure before year end, pension contributions, disposals
- A written report with the recommendations, the saving from each and the actions in order
- A follow-up call to answer questions and agree what we implement for you
How it works
Tax Planning from Clementswood, step by step
Tell us your situation
A short message or call about what you do and what needs filing. We ask the questions that determine the right package and nothing more.
Fixed fee in writing
You receive one price for the work, confirmed by email before anything starts. It does not change if the job takes longer than we expected.
Send records, review the draft
Records come by WhatsApp or email. We prepare the draft, explain the figures in plain English and answer your questions.
We file, you get the receipts
Once you approve and the fee is settled, we submit electronically and forward the HMRC or Companies House acknowledgement the same day.
Why IGI
What you get in Clementswood
No hourly rate and no surprise invoice. Clementswood clients know the fee for tax planning before they send a single document, and it stays fixed.
We work to the HMRC and Companies House calendar, not an appointment diary. Clients in Clementswood get reminders at 60, 30 and 7 days before each date that applies to tax planning.
We serve Clementswood remotely by design: records by WhatsApp or email, drafts back for approval, filing electronic. The saving on premises is passed to you in the fee for tax planning.
A named person handles your tax planning from Clementswood and knows the file, so you are not re-explaining your business to a different helpdesk each time.
We explain tax planning in the words Clementswood business owners use, not in accountant's shorthand, and we show our working so you can check it.
Nothing is filed for Clementswood until you have reviewed and approved it. You see the draft, you ask questions, you sign off, then we submit and send you the receipt.
Local facts
About Clementswood
Clementswood is in East London, within Redbridge, in the IG1 postcode district, England. Income tax in England follows the UK rates: 20% basic to £50,270, 40% higher to £125,140 and 45% additional, with the personal allowance of £12,570 tapered away above £100,000. National Insurance, VAT and Corporation Tax are UK-wide, and Stamp Duty Land Tax applies to property purchases.
| Place | Distance | Direction |
|---|---|---|
| Ilford, Redbridge | 0.4 mi | W |
| Ilford Town Centre | 0.4 mi | W |
| Loxford | 0.6 mi | S |
| Valentines | 0.7 mi | NW |
| Seven Kings | 0.9 mi | NE |
| Little Ilford | 0.9 mi | SW |
| Barking, Barking and Dagenham | 1 mi | S |
| Barking Town Centre | 1 mi | S |
Worth knowing
Rules that come up in this work
The 60-day property CGT return
Selling UK residential property that was not your main home for the whole period of ownership triggers a separate Capital Gains Tax return, due within 60 days of completion along with payment of the tax. This is in addition to the annual Self Assessment. The gain is taxed at 18% or 24% depending on your income band, after the £3,000 annual exempt amount.
Record keeping
Good records are the difference between a quick enquiry and a long one. For the self-employed, five years after the filing deadline; for companies, six years from the year end; for VAT, six years. Photographs of receipts, PDF statements and software exports all count. The requirement is to keep records, not paper, and a well-organised cloud folder satisfies it.
Allowable expenses
Expense claims are where a return is won or lost in an enquiry. The test is wholly and exclusively for the trade; where a cost is mixed, the business proportion can be claimed if it can be identified. Capital items such as equipment and vans are relieved through capital allowances rather than as expenses, except under the cash basis where they are simply deducted when paid.
Switching accountants
You can switch accountant at any point in the year. The new firm requests clearance and your records from the old one, which cannot withhold your own documents though it may hold its own working papers until its fees are settled. Agent authorisations with HMRC and Companies House are transferred, and the next deadline is picked up without a gap.
Closing a company
Voluntary strike-off is available only to solvent companies. One that owes money it cannot pay needs a creditors' voluntary liquidation through a licensed insolvency practitioner, and directors who dissolve an insolvent company face personal consequences. For a solvent company the process takes three to four months from filing the DS01, with notice to creditors and shareholders within seven days.
Salary versus dividends
Directors of their own companies usually take a salary at or just above the National Insurance thresholds, which keeps the year qualifying for State Pension and is deductible for Corporation Tax, with further income as dividends. Dividends above the £500 allowance are taxed at 10.75%, 35.75% and 39.35% by band and can only be paid from distributable profits after tax, with a minute and voucher each time.
Director's loan accounts
Money taken from a company has to be something: salary, dividend, expense reimbursement or loan. If it is a loan and remains outstanding nine months after the year end, the company pays tax at the dividend higher rate on it until it is repaid. Clearing the balance with a properly declared dividend before the deadline, where reserves allow, is routine year-end work.
Questions
Tax Planning questions from Clementswood
How often should planning be reviewed?
Annually, ideally in the first quarter of the tax year so that decisions have the full year to work. Thresholds and rates change each April, your income changes, and the company's profit changes. Clients in our monthly packages get a planning conversation as part of the Complete and Premium tiers.
Will you implement the recommendations?
Where the actions fall within our services, such as setting the payroll salary, documenting dividends, adjusting the company's pension contributions or making an election, yes, as part of those services. Where they need a financial adviser, for example choosing pension investments, we tell you what to ask them.
When should I buy the combined review?
When the company and personal positions interact, which for most owner-managers they do. The £399 combined review covers both sides together: Corporation Tax planning, extraction strategy, capital expenditure timing, pension contributions as a company expense, and the personal position of each director or shareholder. It replaces the two separate reviews.
What is the pre-year-end planning session?
A £299 session two to three months before a company's year end, using management or draft figures to decide what to do before the date: capital expenditure to claim full expensing, employer pension contributions, bonus or dividend timing, bad debt provisions, and whether to change the accounting date. Decisions made after the year end are mostly too late.
What does the £249 personal tax review cover?
Your income from all sources, the allowances and reliefs you are and are not using, pension contribution headroom, the personal allowance taper and High Income Child Benefit charge if relevant, savings and dividend allowances, ISA use, marriage allowance, gift aid and the timing of any disposals. You receive a written report with quantified recommendations.
What does the director remuneration review cover?
For £249 we model the coming year's salary, dividends, employer pension contributions and any benefits against the company's expected profit and your other income, showing the total tax and National Insurance under each option and recommending a structure. It includes the use of a spouse's shareholding and allowances where relevant.
Do you have an office in Clementswood?
No. IGI Accounting is an online-only firm. We serve Clementswood and every other UK postcode remotely, with records sent by WhatsApp or email and everything filed electronically. The absence of local premises is why the fee for tax planning is the same in Clementswood as anywhere else in the country, and why there is nothing to visit and nothing to print.
Is tax planning in Clementswood really the same price as elsewhere?
Yes. The fee published on this page is what a client in Clementswood pays and what a client in any other part of England pays. It is confirmed in writing before work starts and the invoice matches the quote. Where a higher package applies because your situation is more complex, we say so at the quote stage, never afterwards.
One message from Clementswood, one fixed price
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.