Accounting Services

Preparation of annual accounts is a legal necessity for many businesses, so it cannot be overlooked. The review of these accounts presents a perfect opportunity to reflect on and reassess the business, identifying ways to develop and build it, and move it forward successfully.

We are able to add value to the accounts by helping you plan for future growth and success.

The most common services we provide our clients are:

  • Monthly/quarterly financial reports for informed decision-making
  • Preparation of statutory accounts compliant with UK GAAP or FRS 102 
  • Support with Companies House and HMRC filings 
  • VAT registration and compliance
  • UK payroll services
  • Streamlined bookkeeping using Xero, QuickBooks, etc 
  • Bank reconciliation, expense tracking, and financial record maintenance 
  • Integration with Making Tax Digital (MTD) requirements 

Company Secretarial Services

We understand the importance of compliance, governance, and seamless corporate administration for the business. Our Company Secretarial Services are designed to support the business by handling all statutory and regulatory obligations, allowing you to focus on growing your business. As IFS we also provide the following company secretarial services:

  • Company formations and registrations
  • Preparation and filing of the annual confirmation statements
  • Maintenance of statutory books and records
  • General advice on company law
  • Managing accounting reference dates
  • Ad-hoc advice on company secretarial procedures
  • Appointment and resignation of directors
  • Alterations to Articles of Association
  • Capital reductions and share buy-back
  • Company restructuring including various classes of shares
  • Share redemptions, share transfers, share issues and allotments
  • Changes of company name
  • Directors’ meetings and resolutions
  • Dissolution and restoration
  • Re-registration on change of company status
  • Registered office and service address
  • Minutes on board and shareholders’ meetings and resolutions any Secretarial Services

Personal Tax

We specialise in providing comprehensive, tailored tax solutions for individuals from different backgrounds. This includes sole traders, company directors, property investors, high-net-worth individuals, expatriates, and non-domiciled (non-dom). Individuals. Whether you’re new to the UK tax system or seeking expert advice to optimise your tax position, or you are considering changing from being a sole trader business into a limited company, or even planning to sell your business. At IFS our dedicated team provides clear, strategic guidance to ensure compliance while minimising your tax liabilities.

Core services

  • Self-Assessment Tax Return Preparation
  • Capital gains tax(CGT) reporting
  • Property and landlord tax compliance
  • Expatriate and Non-Resident Tax Services
  • Double Taxation Relief Minimising tax on foreign income by applying relevant treaties and reliefs
  • High-net-worth individual tax advisory
  • HMRC Enquiries & Compliance
  • Voluntary Disclosures & Compliance
  • Tax planning services include bespoke long-term residency strategies, investments, and wealth preservation

Property Tax

The property sector remains a dynamic area for investors. The nature of Investment in the property sector varies greatly, from a single buy to let property through to a large and varied portfolio. Investors may buy off plan, or may lead the development, from buying land to building and renovation.

Whatever the manner and type of your investment, we can help to ensure that you structure your investment as tax efficiently as possible. For example, early consideration of capital gains tax can greatly impact on the outcome of your investment, as can awareness of the tax treatment of repairs and renovation.

If you are purchasing or if you own a property with a value in excess of £500,000 you need to be aware of the additional tax charges which may arise. In particular, there are special rules for properties acquired using companies or partnerships with corporate partners. We can advise you on the exemptions which might be available from higher tax charges and how best to structure your investment in property.

We are experienced in providing specialist tax advice to both UK and overseas landlords and can also liaise with the tax authorities on your behalf, reducing the administrative burden of property ownership.

Our team of specialists are experienced in advising property investors and developers on the following areas

Our team of specialists are experienced in advising property investors and developers on the following areas

  • Stamp Duty Land Tax (SDLT) Compliance & Planning
  • Capital gains tax(CGT) reporting and management
  • Annual Tax on Enveloped Dwellings (ATED)
  • VAT on Property Transactions
  • Inheritance Tax (IHT) & Property Planning

VAT

No area of financial legislation is as complex as VAT. We are able to break things down into simple language for our clients to understand. No matter how complex the problem, our experienced VAT planning team can help.

We have a complete understanding not only of the legislation but of HMRC’s policies and procedures. Our work extends to every aspect of VAT but some of the services we are most often asked to provide involve negotiation with HMRC on liability issues and agreeing on partial exemption methods, providing VAT planning ideas for clients to improve cash flow, assisting clients through the maze of VAT property law, and advising them on EU and other international transactions.

Below is an overview of our key offerings:

  • We guide businesses through VAT registration with HMRC, ensuring timely and accurate submissions
  • Streamlined preparation and submission of VAT returns in line with Making Tax Digital (MTD) requirements
  • Assisting with VAT investigations and disputes
  • Expertise in global VAT complexities for businesses trading internationally

Inheritance Tax

IHT is charged at a flat rate of 40% on your estate at death. Your estate will include all the assets you own, such as your house, cash in bank accounts and personal belongings, but will also include any foreign assets, any assets you have given away in the last seven years, assets which you have given away in which you still retain an interest, and also the capital value of trust funds from which you receive an income.

There are various methods of planning your estate to ensure it is both efficient for IHT purposes and provides for your beneficiaries properly. At IFS we can discuss the options available and the most appropriate planning tools for your specific situation.

Below is an overview of our key offerings:

  • Proactive strategies to reduce IHT exposure through reliefs (e.g., Business Relief, Agricultural Relief), gifting allowances, and trusts
  • Tailored advice on lifetime estate planning, including use of the nil-rate band (£325,000) and residence nil-rate band (up to £175,000)
  • Guidance on exemptions for spouses, charities, and intergenerational wealth transfers
  • Estate Valuation and compliance
  • Post- Death Administration
  • Advice on setting up and managing trusts to protect assets and optimise tax efficiency
  • Compliance with trust registration and 10-year IHT charges

Estates & Wills

Our Estate planning specialists can assist you in mitigating Inheritance Tax liabilities by utilising lifetime gifts, both outright or via a trust, and by advising you on how best to write or update your will.

Where an inheritance tax liability is unavoidable, we can help plan for the funding of the tax due so that the administration of your estate is completed promptly and cost-effectively.