Income Tax

Income Tax and National Insurance can take a signifiicant chunk of your income, but with judicious planning it can be reduced.

To make sure you pay the least amount of tax possible, we will:

• summarise your income from all sources.
• identify the tax rate relating to each of your sources of income.
• research the reliefs and tax savings schemes that relate to you.
• advise you of the most tax efficient method of arranging your affairs.

Note:If we cannot suggest annual saving which are at least double your investment in this service, our charges will be reduced to one half of the proposal tax savings.

Capital Gains Tax Planning

Capital Gains tax can absorb a large portion of the proceeds of sale of capital assets.  However it is often avoidable.

Before a disposal is contracted we will:

• examine the nature of the proposed contract.
• calculate the amouny of Capital Gain Tax payable under the current rules.
• research the tax mitigation schemes that are avaible.
• report to you on the amount of tax payable and what you can do to reduce it.

Note: If we can suggest any tax savings schemes which will save at least twice as much as your investment in this service, our charges will be only one half of the tax saved.

Inheritance Tax Planning

Inheritance Tx can eat away at the bequest you wanted to leave your loved ones, that's why it's important to specifically plan your estate.

To make sure you pay the least amount of Inheritance Tax possible we will:

• summaries the whole of your(and your spouse's) estate.
• value it using either estimated or professionally supplied figures.
• calculate the amount of Inheritance Tax payable under the current rules.
• research the tax mitigation schemes available.
• report to you on the amount of tax payable and what you can do to reduce it.

Note: If we cannot suggest any tax savings schemes which will save at least 10 times as much as your investment in this service, our charges will be reduced to 10% of the propised tax saving.

Financial Planning is crucial.  Essentially, it involves making the most of your financial position now to leverage your future financial position, both short term and long term.  At John Harrison and Company  we look at the big picture - where you want to be, and the lifestyle you would like to become accustomed to!

Th team here at John Harrsion and Company are well versed in a variety of financial planning topics and we must meet continuing professional education requirements.  In addition to auditing and tax we have specialists who have a solid broad-based financial backgorund.

Given all those considerations you can rest assured we ofer you the financial knowhow and professional integrity you desire when developing creative planniong strategies and planning for your financial future.

The retirement safety nets that have existed in the past are being eroded. Worse yet, even if they were set in stone they're not likely to provide enough for the lifestyle you'd like to enjoy in you retirement!  Add to that the fact we are al living longer, so clearly retirement planning is vital.

Retirement planning is not a luxury – it is an absolute necessity. You have to think about how much you'll need, when to retire, how to achieve enough retirement income to enjoy the lifestyle you want for your later years and what will the government have to contribute - if anything?

We take into account your current lifestyle, income levels, projected income leading up to retirement and create a plan that is going to support your needs now and in retirement. While it is hard to predict what the future holds, it's easy to ensure that yours has at a very minimum the lifestyle you know you want. Talk with one of our specialist team members on how best to prepare for a comfortable retirement.