Private Client Advisory Accounting Services

The demand for specialised tax advice among private clients has never been greater. Globally, legislation has become more complicated, tax authorities’ attitudes toward tax planning are hardening, and the risk of investigation is continuing to increase. We pay close attention to our clients’ specific needs and strive to provide an outstanding service through practical, tailored advice that is specifically geared towards an individual’s goals and priorities.

Income and Capital Gains Tax planning

The UK tax system is complex and frequently changing but there a number of legitimate, non-aggressive ways of improving tax efficiency. Our team of experts have years of experience navigating this system and as such can help you understand the rules and, more importantly, the reliefs and exemptions that are available to you. We can break these down for you and walk you through the intricacies, as well as prepare calculations based on different scenarios and decisions that you make.

Inheritance tax planning

Evaluating your likely Inheritance Tax exposure begins with gathering an overview of everything you own and owe, assessing what reliefs and exemptions might apply to those upon your death, and understanding how to improve on that. We carefully listen to what is important to you and assist you in striking a balance between making gifts during your lifetime and ensuring that you have enough to maintain your lifestyle. We offer an integrated approach to tax and financial planning and we can provide you with sound professional advice, giving you peace of mind before making any decisions.

Succession and estate planning through trusts and/or corporate structures

Choosing the right structure to give your family an effective way of passing wealth down the generations whilst protecting against issues such as marital breakdown, bankruptcy and family disputes is key. We can help you to navigate the pros and cons of the various trust and corporate options to find the right solution for you. We can then support you through formation and administration and be on hand to ensure it remains fit for purpose.

Family office services

We’ve worked with a variety of shapes and styles of family offices over the years and can use our knowledge and experience to provide you with a better service, whether you want to engage in a large strategic project, outsource your compliance work or simply find a specialist for a one-off piece of advice. If you would like to put a family office in place, or use us as your family office, our experts will help you to explore your options. Taking the effort to understand the purpose and goals of your family office from the beginning will alleviate a lot of tension and guarantee that you develop on solid and sturdy foundations. We can then assist you with the creation and implementation of your plans throughout the process.

Business exit planning

Whatever your business size, we can help you formulate a plan that works for all stakeholders and maximises your returns.

New wealth advice – inheritors/divorcees/lottery winners/business sellers and so on

We can guide you through making a plan for structuring your new-found wealth and can help with financial education, support and guidance for you or your family members so that you can be confident you are well positioned and supported going forwards.

International and Non-Domicile Tax

Whether you are thinking about moving to the UK or leaving, how to structure an inbound investment into the UK, or you wish to explore whether you can take advantage of the generous non-UK domicile tax rules, we can help you plan your finances in a pragmatic, effective, and appropriate manner. We act for clients who have a UK tax footprint for a variety of reasons and can aide you whether you are an investor, an entrepreneur, an internationally mobile employee, a trust fund beneficiary and so on.

Personal Tax Compliance

Alongside strategic tax planning, we also provide a range of compliance based personal tax services such as

Personal tax returns and business accounts
Trust returns and accounts
Repayment claims
ATED returns
Automatic exchange of information reporting
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Tax Investigations/Bringing your tax affairs up to date

We can take the burden off your shoulders and minimise the impact on you, whether the enquiry is the consequence of a tax reporting mistake or a misunderstanding of the UK’s complicated tax legislation. In the event that something goes wrong and you find that you have not reported something or that you have paid the incorrect amount of tax, we can assist you in making the necessary disclosures to HMRC and getting your affairs back on track.

For more information about our Private Client Advisory services
please get in touch.

Kind words

Having worked with many accountants, Ballards LLP are very good, I get a personal service, and honest advice with no jargon. I particularly appreciate their pre-planning meetings which minimises the GP's time, their support is invaluable and I have on many occasions recommended them.

Ballards LLP really understands the farming business, they speak my language and they know what's going on in the sector. Their advice on diversifying has been great for me. With Ballards LLP, I don't have to worry about the everyday financial compliance and I can concentrate on, with their assistance, growing the farm and pushing forward with my plans.

Ballards LLP have really looked after our business, it was with their help that we acquired the funding to develop our business, and with their ongoing support we keep track of the business financially so we know where we're going.

We have had a very long association with Ballards LLP who have provided our accounting services to us for over 15 years. It has been very reassuring to have such a professional organisation advising with our accounting and development requirements. I really can't recommend Ballards LLP highly enough.