Newton Magnus

Chartered Certified Accountants & Registered Auditors

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Estate Planning

Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family and friends who survive us.


The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Since none of us knows when we shall die, this means making the necessary provisions now.


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 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.


We strongly advise you to begin your estate planning right away by contacting us for a preliminary review.

 

Construction industry

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Working in the construction industry?

Fed up with wasting time form filling and dealing with the paperwork?  We can prepare your monthly statements for you and submit them online should you require it.  This leaves you to get on with chargeable work.

Subcontractor?  We offer great rates to complete your tax returns.

Why not contact us for a free consultation.

Companies

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Using a company has its advantages and disadvantages when compared to being a sole trader or Partnership.                            
Some thought is needed to ensure it is the best business form for you.

We can do quick company formations including tax and VAT registration.

To compare a company with a sole trader please click here

Why not contact us for a free consultation.

Sole Trader or Partnership

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Working for yourself can be very fulfilling.  It can also be very demanding. We aim to provide a flexible service to fit around your needs, whether it be an early morning or early evening appointment, contact by phone, email or fax.

Why not contact us for a free consultation.

Latest News

  • Pensions – annual allowance

    18/09/2014 - More...

    The annual allowance for tax relief on pensions was reduced to £40,000 (from £50,000) with effect from 6 April 2014.

  • Employment intermediaries

    18/09/2014 - More...

    There are special rules that apply when an intermediary must treat a worker they provide to a UK-based client as an

  • National Minimum Wage

    18/09/2014 - More...

    The new National Minimum Wage (NMW) rates will come into effect on 1 October 2014. The hourly rate of the NMW will

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