Specialist Tax Services - Morris Palmer Limited

The British taxation system is based around case law and statute created by successive governments. Despite the recent overhaul of the tax system, tax law remains complex, and as such many people find that professional assistance in this area is a necessity. We stay abreast of the changing tax laws so that we may assist our clients with their tax matters.

We have invested considerable sums in training, new technology and systems in order to be able to ensure that your tax affairs comply with the new rules and take advantages of the available reliefs and concessions.

Income tax
The introduction of Self-Assessment has placed a greater burden on individual taxpayers to keep their income tax affairs in good order. We are fully conversant with all aspects of the income tax system and can assist in the preparation of annual income tax returns and their supporting schedules. We also work closely with financial planning professionals of your choice (or we can recommend one) to ensure that our clients receive comprehensive advice regarding income tax planning opportunities.

Business and corporate tax
We provide advice on a wide area of business tax matters including:

	Compliance for the preparation of partnership and corporation tax computations and returns
	Corporation and partnership tax planning
	Corporate group structures
	Business succession

Capital taxes
The buying and selling of private businesses, deregulation of share markets around the world, the Internet revolution and a buoyant property market have led to an upsurge in private investments by individuals. As a consequence of this trend, capital gains tax issues are encountered much more frequently. Morris Palmer can help you ensure these issues are properly planned and reported to HM Revenue and Customs so that you take proper advantage of available concessions (such as entrepreneurs relief and the annual gains allowance) thus minimising your liabilities.

Inheritance Tax and Estate Planning
Few of us could live with the thought that we have not made adequate provision for family and friends who survive us when we die. The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. The earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available and thereby maximising the amount that goes to your beneficiaries. Nothing is more demoralising than the thought that a substantial slice of the wealth you have worked hard to accumulate will end up in the Government's coffers! It is equally important when planning to transfer your estate that you make adequate provision for yourself and your spouse in your later years. Striking this balance calls for considerable skill and foresight - and a detailed knowledge of the tax regime. We provide a discreet inheritance tax and estate planning service that includes:

	Help with drawing up and reviewing your will.
	Making full use of exemptions and lower tax rates on lifetime transfers.
	Optimising lifetime transfers between spouses.
	Transferring agricultural or business property.
	Transferring assets into trust.
	Arranging adequate life assurance to cover potential inheritance tax liabilities.

Tax investigations
HM Revenue and Customs investigations are becoming far more commonplace than they ever have been in the past. There is no doubt that they are actively seeking to investigate as many returns and sets of accounts as possible with the intent of raising significant amounts of extra taxes. We offer insurance to all of our clients against the professional fees incurred when dealing with a tax investigation by the HM Revenue and Customs. HMRC’s own statistics indicate that cases with such insurance end up settling at 50% of the non-insured cases.

Our specialist investigations team is also available to deal with any HMRC investigations that may arise.