Tax Planning · North London
Tax planning in Turkey Street
Tax planning reviews for individuals and directors in Turkey Street: a personal tax review or a director remuneration review is £249, a combined business and personal review is £399, and a pre-year-end planning session for companies is £299. Fixed scope, written report, the same fee in Turkey Street as in every part of England.
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 Turkey Street
Company directors in Turkey 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 Turkey Street, 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
Why Turkey Street businesses file with IGI
One fixed fee for tax planning in Turkey Street, agreed in writing before any work starts and never changed part-way through the job, however long it takes us.
Nothing for Turkey Street is left to the last week. Each deadline relevant to tax planning is tracked from the day you join, with the next four shown on every page we send you.
We serve Turkey 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.
A named person handles your tax planning from Turkey Street and knows the file, so you are not re-explaining your business to a different helpdesk each time.
The output for Turkey 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.
Approval before filing is a rule, not a courtesy. For tax planning in Turkey Street, every submission to HMRC or Companies House follows your written go-ahead.
Local facts
About Turkey Street
Turkey Street is in North London, within Enfield, in the EN3 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 |
|---|---|---|
| Bulls Cross | 0.4 mi | W |
| Enfield Wash | 0.5 mi | SE |
| Bullsmoor, Enfield | 0.5 mi | N |
| Freezywater | 0.7 mi | E |
| Enfield Lock | 0.8 mi | E |
| Waltham Cross | 1 mi | NE |
| Enfield Highway | 1 mi | S |
| Forty Hill | 1 mi | SW |
Worth knowing
Rules that come up in this work
Switching accountants
The main reasons people switch accountant are surprise invoices, missed deadlines and not understanding what they are being told. Switching involves a clearance letter between the firms, a transfer of records and agent authorisations, and a short handover of the current position. It takes about two weeks and should cost nothing extra.
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.
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
The expenses sole traders most often miss are home working costs, claimed by actual proportion or HMRC's flat rate, the business share of phone and internet, mileage at 45p for the first 10,000 business miles, and training that maintains existing skills. The ones most often claimed wrongly are commuting, entertaining customers and clothes that could be worn outside work.
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.
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.
Dormant companies
Dormancy is a status that is easy to lose. The strict rule is no accounting transactions other than share capital and Companies House fees, which means no bank account activity at all in practice. Fees should be paid personally by the director. A company that traded and has stopped becomes dormant only after its final trading accounts and tax return are filed and HMRC is told.
Questions
Tax Planning questions from Turkey Street
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.
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 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.
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 Turkey 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.
How do I get started from Turkey 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 Turkey Street clients are set up within a day.
Ready to fix your fee in Turkey Street?
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.