Business and Personal Tax Advice and Planning

Understanding the tax implications before making financial or business decisions can help you meet your obligations, identify available reliefs and avoid unexpected liabilities.

At Tika Accountancy, we provide practical tax advice for individuals and owner-managed businesses, with particular experience in matters involving the UK and Hong Kong. Our advice takes account of your circumstances, commercial objectives and longer-term plans.

We assess the relevant rules, explain the available options and highlight material risks, uncertainties and reporting requirements, helping you make informed decisions.

Personal tax advice and planning

We can advise on:

• Income Tax allowances, reliefs and the treatment of different income sources

• Capital Gains Tax implications of selling or transferring property and investments

• The UK tax treatment of overseas rental income, investments and insurance policies

• UK tax residence, split-year treatment and eligibility for Foreign Income and Gains (FIG) relief

• Inheritance Tax exposure and the tax implications of lifetime gifts

Business tax advice and planning

We help business owners consider:

• The tax implications of operating as a sole trader, partnership or limited company

• Salary, dividends and employer pension contributions for owner-directors

• Allowable expenses, capital allowances and available loss reliefs

• Corporation Tax rates, Marginal Relief and associated company rules

• The tax implications of changes to business ownership, structure or activities

UK and Hong Kong cross-border matters

We assist with overseas income and gains, potential double taxation and the UK tax residence and reporting obligations of Hong Kong and other overseas-incorporated companies managed from the UK.

Our work focuses on the relevant UK rules and applicable tax treaty provisions. Where overseas tax or legal advice is needed, we can work with appropriately qualified advisers.

Our approach

Our advice is based on the relevant facts and applicable law, taking account of legislative purpose and professional standards. We help clients understand and use reliefs where the conditions are met, rather than promising a particular tax saving or outcome.

Read our UK tax overview for an introduction to the main UK taxes.

Contact us to discuss your circumstances and the decisions you are considering. We will agree the scope and fees before starting work.