Tax Planning · Central London
Tax planning in Lime Street
Most tax is saved by decisions made before the year end, not by clever filing after it. People in Lime Street use our planning reviews to find out, in writing and with numbers, what their options are: how to pay themselves, when to take dividends, whether a pension contribution beats a salary rise, how to use both spouses' allowances. Fixed fee, no schemes.
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 Lime Street
Company directors in Lime Street 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 Lime Street, step by step
Scope the job
We find out what you need filed, when it is due and what state the records are in, and tell you which fixed-fee package applies.
Agree the price
The fee is confirmed in writing. There is no hourly billing and nothing added for questions during the work.
Hand over the records
Photographs, PDFs, software access or a spreadsheet, sent however suits you. We confirm what we have and what is missing within two working days.
Approve, then we submit
You review the draft with our explanation, sign off, and we file. Receipts, copies and the next deadlines come back to you immediately.
Why IGI
The IGI way of working, in Lime Street
One fixed fee for tax planning in Lime Street, agreed in writing before any work starts and never changed part-way through the job, however long it takes us.
We work to the HMRC and Companies House calendar, not an appointment diary. Clients in Lime Street get reminders at 60, 30 and 7 days before each date that applies to tax planning.
We serve Lime Street 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.
Continuity matters in tax planning: the person who prepared last year's work for your Lime Street business prepares this year's, and remembers what was agreed.
The output for Lime Street clients is never just a form. It is the form, a one-page summary of what it says, and a note of the decisions it points to for tax planning.
Nothing is filed for Lime Street 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 Lime Street
Lime Street is in Central London, within City of London, in the EC3M postcode district, England. For businesses in England the tax rules are those set by the UK Parliament: the 20/40/45% income tax bands, Class 4 National Insurance for the self-employed at 6% and 2%, Corporation Tax at 19% to 25%, and Stamp Duty Land Tax on property. Business rates are set locally by the council.
| Place | Distance | Direction |
|---|---|---|
| Fenchurch Street | 0.1 mi | SE |
| Langbourn | 0.1 mi | W |
| Cornhill, City of London | 0.2 mi | NW |
| Monument | 0.2 mi | SW |
| Candlewick | 0.2 mi | W |
| Billingsgate | 0.2 mi | S |
| Tower | 0.2 mi | SE |
| Broad Street, City of London | 0.3 mi | NW |
Worth knowing
Rules that come up in this work
Closing a company
Striking off a company is cheap but must be done in order: stop trading, file the final accounts and CT600, pay the tax, close VAT and PAYE, distribute the remaining assets, close the bank account, then apply. Anything left in the company at dissolution passes to the Crown. Distributions up to £25,000 are taxed as capital gains; above that a formal liquidation is usually needed to keep capital treatment.
Switching accountants
Changing accountant is simpler than most people fear. You authorise the new firm, which writes to the old one for professional clearance and your records; the outgoing accountant must hand over your own documents and usually does within two weeks. The new firm registers as your agent with HMRC and picks up the next filing. There is no need to wait for a year end.
The 60-day property CGT return
Since April 2020 a gain on UK residential property must be reported and the tax paid within 60 days of completion through HMRC's dedicated service, separately from the annual return. Non-residents must report all UK land disposals in the same window whether or not tax is due. Getting the computation right first time matters because the figure is then carried into the Self Assessment.
Crypto records and reporting
Most crypto holders have taxable events they do not recognise, because every swap is a disposal even when no pounds change hands. The computation requires the complete transaction history from every exchange and wallet, pooled by asset with HMRC's matching rules applied. Exchange-generated tax reports are frequently wrong because they cannot see transfers between a user's own wallets.
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.
Record keeping
HMRC requires records of all income and expenses, bank statements, invoices and receipts to be kept for at least five years after the 31 January filing deadline of the tax year they relate to, and companies must keep records for six years from the end of the accounting period. Digital copies are acceptable. Under Making Tax Digital the records must be kept in compatible software.
Workplace pensions and auto-enrolment
Auto-enrolment duties begin the day you take on your first employee, not when the Pensions Regulator writes to you. Eligible staff must be enrolled, contributions paid every pay period and re-enrolment carried out every three years. Director-only companies without employment contracts are usually exempt. Fines for non-compliance are fixed and escalating.
Questions
Tax Planning questions from Lime Street
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.
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.
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 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.
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.
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.
How do I get started from Lime Street?
Message us on WhatsApp or email with a sentence about your business and what you need. We reply in working hours with any questions and a fixed fee for tax planning. Once you confirm, we tell you exactly which records to send and the work begins. Most Lime Street clients are set up within a day.
Which deadlines matter most for tax planning?
The next four dates that apply to tax planning are shown at the top of this page, calculated from today. For Lime Street clients we diarise every one of them from the day you join and send reminders before each, so the work is done in good time rather than in the last week before a penalty.
Fixed fees, filed on time, for Lime Street
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.