Eaves & Co

Accountants

Eaves & Co are proud to act for a vast number of professional Accountancy firms, by providing specialist support and a second opinion. We do not compete with Accountants, as our specialty lies solely in tax and tax affairs, but we help them to provide a consistent, accurate service for their own clients. By specialising in tax, we are the ‘go-to’ company for other Accountants, who rely upon our experience and up to date expertise on the latest tax rules, regulations and developments. We solve problems and can advise on difficult or unusual situations, to provide a service that’s second to none.

Solicitors/IFA's

We work closely alongside Solicitors, IFAs and other professional firms, to help enhance the services they can provide to their clients. By providing a specialist service that’s detailed and accurate, we advise the advisors, and can help to solve any difficult queries that their customers might encounter. Our services include assistance with tax liabilities for deceased persons, company sales, IHT planning, complex HMRC enquiries, probate problems, and tax efficient divorce settlements to name but a few. If you have any tax-related problem or query, our experienced team will be happy to offer detailed and reliable help and advice.

High Net Worth Individual Planning

Eaves & Co are highly experienced in providing help and advice for High net Worth Individuals, which includes succession planning, business structure and family wealth preservation planning. Our services also include specialist advice on Capital Gains Tax (giving an illustrative tax computation to provide details on the net proceeds you can expect to receive), as well as Entrepreneurs' Relief (ensuring all conditions are met and advising you on how to take advantage of low tax rates), Private Residence Relief (used to provide relief from Capital Gains on property in certain circumstances), and EIS Deferral Relief (offering relief from income tax as well as deferring tax on capital gains). These complex systems and strict requirements means many people do not take advantage of efficient tax relief they may be entitled to – however, Eaves & Co aim to de-mystify the procedures and are able to provide help and advice along the way in order to assist you in these matters.

Owner Manager Business

We are pleased to provide a wide range of services for all Owner Managed Businesses, and we can assist with and advise upon all tax planning and compliance matters. Our dedicated team will work closely alongside every client in order to understand your business thoroughly, in order to best advise on how to move forward efficiently. We can add instant value to your business through tax-efficient extraction of capital, forward planning, succession planning, sales of business, shares, incentive schemes, research and development and Capital allowances, where appropriate. In order to realise your full business potential, contact Eaves & Co today to discuss your options in more detail.

EMI

Eaves & Co have many years of experience in assisting with and advising upon EMI (Enterprise Management Incentive) share option schemes. These are designed to offer an effective share option format for entrepreneurial companies, and can benefit both the staff and owners of the company. They can give employees the opportunity to be paid largely in shares rather than by way of salary, which can increase productivity and commitment to the company’s success in an effective way. They also enable the employers to realise the future value of a proportion of their shares at capital gains tax rates, often 10% if covered by Entrepreneurs' Relief, whilst driving the growth of the company. Our valuable experience in helping to implement such EMI schemes means you can be assured of the most efficient options for your particular business, and we are happy to outline the pros and cons with you in detail. Please contact us today for a no-obligation discussion about EMI share option schemes.

Succession Planning

Succession planning is vital for small or medium-sized businesses, who might struggle to keep the business in the family or transfer future management to who they designate. Eaves & Co are here to help, and can go through all your options with you in detail to help you decide on the best form of action. We take time to get to know you and your individual business, in order to provide the most accurate advice that is tailored to you and your requirements. As part of our service, we can compile a full report outlining various options and the tax implications for each avenue. We can then help you to implement the plan you choose, ensuring the relevant HMRC clearance is achieved. Please click on the link to find out more, or contact us for a no-obligation discussion.

Inheritance Tax (IHT) & Estates

Inheritance Tax can be confusing and complicated, and occurs at a highly emotional time for friends and family of the deceased. Therefore, Eaves & Co offer forward planning services in order to ensure that your assets pass to those left behind in the most tax-efficient way possible, making proceedings less complicated and distressing at the time, yet also in a way which allows for enjoyment of your retirement.  Inheritance Tax is charged at 40% of the estate exceeding the nil rate band of £325,000, therefore simple forward planning can offer significant savings. Eaves & Co can help with this, through advising on lifetime exemptions, regular gifts of income, making use of spouses, looking at relief available, trusts and more. We can also assist in the preparation of Inheritance Tax self-assessment, and can prepare income tax returns for estates in administration, as well as assisting with executor property sales, and advising on any relief or exemptions applicable. Please contact us first to see how we can help.

Tax Enquiries

Tax enquiries and investigations from HMRC can often be confusing, distressing and traumatic for many clients, which is why Eaves and Co are here to help. We can advise on the HMRC’s powers and procedures, penalties and compliance and the possibility of negotiating settlements. From civil settlement approaches to allegations of serious fraud and Proceeds of Crime Act implications, we are here to help you make sense of it and to prepare the necessary documentation demanded of you. Our highly experienced advisors aim to deal with the investigation with as little hassle for you as possible, and we will look after you and provide advice and assistance on any aspect of the process. In order to reduce further enquiries and the possibility of penalties, speak to Eaves and Co’s friendly and professional team.

Double Tax

It is becoming more and more common for UK residents to undertake employment overseas, either as a long-term professional or on an ad-hoc basis. However, not everybody realises they can be liable for being taxed in more than one country on the same income, which can be complicated and confusing. However, double taxation relief means you can reclaim some of this tax. There are numerous Double Tax Treaties with the UK and this number is continually growing, and at Eaves and Co we are experienced in offering the most up to date advice on what you might be eligible to claim for and how to achieve this. If you are a UK resident intending to work abroad, or a non-resident working in the UK, we can help you to understand complicated double tax eligibility, and help you to make the most of the opportunities available to you - so you can focus on what really matters.

Tax Residence Planning

Tax residence planning can be more complicated than expected, and the new Statutory Residence Test sets out new guidelines and factors that affect what rate of tax you must pay. It is extremely important to understand your tax liabilities if you are moving abroad, or living in the UK as a non-resident, in order to realise your capital gain. If you are able to prove you are a non-UK resident you could have a substantial reduction in your tax liability - however it is important to realise that in certain circumstances the gain could be brought back into UK tax if you return to the UK within 5 full tax years. Eaves & Co are here to help you de-mystify your eligibility, and to offer the most up to date advice. We can create a full report on your situation, and explain your tax status and its implications, in order to help you plan for the future. Please click on the link to find out more, or contact us directly to speak to one of our experienced advisors.