Tax Planning · North London
Tax planning in Crews Hill, Enfield
If you are a director, a higher earner or a landlord in Crews Hill, Enfield 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 North 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 Crews Hill
Company directors in Crews Hill, Enfield 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 Crews Hill, Enfield, 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
The IGI way of working, in Crews Hill
No hourly rate and no surprise invoice. Crews Hill 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 Crews Hill, Enfield get reminders at 60, 30 and 7 days before each date that applies to tax planning.
We serve Crews Hill, Enfield 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 Crews Hill and knows the file, so you are not re-explaining your business to a different helpdesk each time.
Plain English, with the numbers. Every draft for Crews Hill comes with a short explanation of what the figures mean and what, if anything, you should do about them.
You stay in control of tax planning: drafts go to Crews Hill clients first, with the figures explained, and nothing leaves us until you say so.
Local facts
About Crews Hill, Enfield
Crews Hill, Enfield is in North London, within Enfield, in the EN2 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 |
|---|---|---|
| Chase | 0.6 mi | SE |
| Cattlegate | 0.6 mi | NW |
| Botany Bay, Enfield | 1.0 mi | SW |
| Clay Hill, Enfield | 1 mi | SE |
| Northaw Valley | 1 mi | W |
| Cuffley | 2 mi | N |
| Cuffley Hills | 2 mi | N |
| Forty Hill | 2 mi | SE |
Worth knowing
Rules that come up in this work
Late filing penalties
Lateness is expensive in a way that compounds. For individuals, £100 immediately, then daily penalties, then percentage-based ones at six and twelve months, with interest running on unpaid tax throughout. For companies, Companies House penalties scale with delay and double on repeat, and HMRC adds its own for a late CT600. Filing on time is the cheapest tax planning there is.
Making Tax Digital for Income Tax
The biggest change to Self Assessment in a generation is Making Tax Digital for Income Tax, now live for higher-earning sole traders and landlords and arriving for the rest in stages. Quarterly updates are due by 7 August, 7 November, 7 February and 7 May, built from digital records. The practical consequence is that spreadsheet-and-shoebox bookkeeping is ending for anyone above the threshold.
The Self Assessment calendar
The tax year runs from 6 April to 5 April. Anyone new to Self Assessment must register by 5 October after the end of the tax year in which their untaxed income began. The online return and the balancing payment are due by 31 January, with a second payment on account on 31 July where they apply. Paper returns have an earlier deadline of 31 October and are rarely sensible.
Payments on account
If your Self Assessment bill exceeds £1,000 and less than 80% of your tax was collected at source, HMRC asks for two advance payments towards the following year, each half of the current bill, due 31 January and 31 July. The first year this happens the January payment is effectively one and a half times the bill. We model it in advance and show you how to reduce the payments if income is falling.
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
The most common tax problem in owner-managed companies is an overdrawn director's loan account: drawings taken during the year that were never declared as dividends or salary. The company faces a 35.75% charge on the balance outstanding nine months after the year end, and the director may have a benefit in kind. We review the account before every year end to clear it properly.
The VAT registration threshold
The £90,000 VAT threshold is measured over any twelve consecutive months, which is why a strong quarter can tip a business over unexpectedly. Registration must follow within thirty days of the end of the month the threshold was crossed. Below the threshold, voluntary registration is worth considering when customers are VAT-registered businesses and costs carry VAT.
Questions
Tax Planning questions from Crews Hill
What about the personal allowance taper and the £100,000 trap?
Between £100,000 and £125,140 of adjusted income the personal allowance is withdrawn at £1 for every £2, producing an effective marginal rate of 60%. Pension contributions and gift aid reduce adjusted income and are often the best use of money in that band. The review quantifies this precisely for your figures.
How does pension planning fit in?
Pension contributions get relief at your marginal rate, employer contributions are deductible for Corporation Tax and free of National Insurance, and unused annual allowance from the previous three years can be carried forward. For directors it is usually the most efficient extraction route after a basic salary. We calculate your headroom and the saving.
What do I need to provide?
Your last tax return, the company's last accounts and current management figures if you have them, pension statements, details of other income and your spouse's position if relevant, and an idea of what you want from the business over the next few years. We send a short checklist when you book.
Is tax planning advice regulated?
Tax advice is not a reserved activity in the UK, so no regulator licenses it, but we are bound by our terms of business and the advice disclaimer on this site, and we carry professional indemnity insurance. Advice is given in writing so that you can rely on it and we can be held to it.
Do you recommend tax avoidance schemes?
No. We use established reliefs and allowances that Parliament intended: pensions, ISAs, spousal transfers, capital allowances, dividend and salary structuring, timing. We do not sell arrangements that depend on HMRC not noticing. If someone offers you a scheme that sounds too good, the £249 review will tell you why it probably is.
How much tax will a review save me?
It depends entirely on your position, and we would rather not promise a number. Common findings are a director salary set years ago at the wrong level, pension headroom unused, a spouse's allowances wasted, dividends bunched into one tax year and capital allowances missed. For most directors the saving exceeds the fee several times; where it would not, we say so before you pay.
Do you have an office in Crews Hill?
No. IGI Accounting is an online-only firm. We serve Crews Hill, Enfield 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 Crews Hill as anywhere else in the country, and why there is nothing to visit and nothing to print.
Is tax planning in Crews Hill really the same price as elsewhere?
Yes. The fee published on this page is what a client in Crews Hill, Enfield 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 Crews Hill, one fixed price
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.