Tax Services For Private Clients

50+ 5-star reviews from clients
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Private Client Tax Services

Ward Goodman Private Tax clients benefit from the synergy between our tax team and our financial planners. We seamlessly combine your investment and tax planning.

Tax rules change constantly, so we invest in regular updates for our qualified and experienced staff. We are committed to using effective and secure technology to make processes work better for you. Most returns are submitted electronically and we offer a secure portal for transmission and approval of sensitive documents. This technology will allow us to adapt to the expected changes in the way the tax system works.

Making Tax Digital has been postponed for a few years, but watch this space for future updates about new ways of meeting your tax reporting obligations.

How Our Team Can Help Private Tax Clients

Ward Goodman provides comprehensive private client tax services tailored to all individuals and businesses. Our private client tax advisors are dedicated to providing expert guidance and personalised solutions to meet your unique needs.

Personal Tax Returns

Peace of mind from knowing tax returns have been completed correctly and on time by our experts.

Capital Gains Tax (CGT)

Selling your home is often tax-free, but not always.

Rental Income and Accounts

We advise on all the tax aspects, and where possible, we consider whether the tax burden can be reduced by changing ownership structures.

Trusts and Deceased Estates

Experts in interpreting the tax implications of different types of trust deeds.

Hear What Our Clients Have To Say

Ward Goodman consistently exceeds the expectations of our valued private clients by delivering exceptional private client tax services tailored to your needs.

5.0/5

Davina does a great job and has done for the many years that she has worked on our account

Gavin at Codified Legal
5.0/5
A good accountant should be a long term relationship for client and business, and I look forward to many more years working with Ward Goodman.
Private Client – Testimonial
5.0/5
@wardgoodmanltd Thank you @rodd_ian was dreading the business consultation but you made it painless and fun – got my brain switched on!
Health Products Retailer
5.0/5
“Many thanks for sorting out the accounts and the best options for my business. I have been really impressed with the personal service your company has offered, and the way you have personally dealt with my accounts and concerns.”
Private Client Testimonials
5.0/5
Many thanks for getting our P11D’s done despite my best efforts to leave you with no time !!
Local Manufacturing Company
5.0/5
The Ward Goodman tax team are always most helpful and proactive. They have provided invaluable support to me in specialist areas of the tax legislation.
Private Client Testimonial
5.0/5
Many thanks for all your help and advice and for looking after us in the excellent way that you do without which we would be at a complete loss.
Bournemouth Client

Services We Offer

Personal tax returns under the self-assessment system have to be submitted by 31 January following the end of the UK tax year. Self-assessment tax is paid on 31 January and 31 July. Other tax is paid through deduction at source from salaries and pensions. We can check your tax codes to make sure they are reasonable.

Our clients have peace of mind from knowing that their tax returns have been completed correctly and on time. We use our professional skills to make sure that any relevant claims and deductions are claimed appropriately.

We give timely advice about what to pay, and when, especially for clients first encounter with making tax payments on account.Our expertise covers the wide range required – for example, exercise of share options, complex EIS relief claims and portfolios, overseas income, advice on UK Residence status, UK, returns for non resident taxpayers, non domicile advice and receipts from offshore trusts including capital payments.

You may pay CGT if you make a profit on selling assets such as rental properties, or shares, but not cars. The calculations can be intricate. You must usually report transactions to HMRC within the self assessment system. If you have made a loss we help you claim reliefs.

Sharing ownership of assets between married couples or civil partners can be a simple and effective strategy to reduce tax, especially when assets are sold. The basic position is that spouses own joint assets in equal shares. This can be varied, but you must have legal documentation to support this. If partners are not married then tax rules are different – not just for CGT but also for Inheritance Tax.

Assets given to you by a spouse before 6 April 2008 could have an extra deduction in working out the gain: it is worth checking.

Selling your home is often tax free, but not always. If the property has a lot of land attached there could be a tax charge. If you spent time away or rented it out for a period this can mean CGT is payable. Selling a leasehold property is even more complicated. If selling your house or garden to a building developer and the deal gives you a future share of their development profit, this “slice of the action” deal will be charged to income tax rather than CGT.

Many of our clients have rental properties – we advise on all the tax aspects, and help you understand the impact of changes. Where possible, we consider whether the tax burden can be reduced by changing ownership structures. Maybe a property company might be the right way forward for you? We also work closely with our colleagues in WG Financial Services when refinancing is required.

We have expertise in interpreting the tax implications of different types of trust deeds and explaining them to our clients, and we work closely with your legal advisors.

We prepare self assessment returns of income tax and capital gains tax for UK trustees, and can advise trustees on tax efficient distributions to the people who benefit from the trust where appropriate. We will usually deal with the beneficiaries’ tax returns as well, or we work with their own advisors.

We can prepare annual trust accounts if this is required or helpful for all concerned – this is typically useful if the trust holds land and buildings, or if there are many different classes of beneficiaries.

Most UK trusts have to pay 10 year inheritance tax charges, and we advise trustees and deal with the reporting to HMRC Capital taxes. We advise on the tax implications of taking assets either in or out of trusts.

We can also advise on the implications of receiving income or capital benefits from offshore trusts including capital payments.

We also advise on tax implications of deceased estates especially where the estate takes several years to administer.

The Process

A hassle-free onboarding process

Initial referral or inquiry

Whether you’ve been referred or inquired yourself, our team will reach out to you in a timely manner.

Free consultation

We offer a no-cost, no-obligation meeting at one of our offices, or over the phone.

Quote and setup

We’ll provide you with a tailored quote and when you’re ready, our private client accounting team will begin.

Book a Meeting

If you would like to discuss further, please book a meeting with an experienced member of our team. Simply let us know when’s best for you and we will get in touch to arrange a suitable time.

Why Choose Ward Goodman?

Client satisfaction is paramount to us. We have a broad range of clients, and we endeavour to offer them the best service possible through continuous improvement and focus on doing things right the first time.

Experienced Tax Experts

Our Dorset-based team can advise and support any private client locally or nationwide

Customised Tax Planning Solutions

Flexible, bespoke service covering all aspects of private client tax planning.

Access to a Full Team of Experts

From our independent private client accountants, financial planners and bookkeepers.

Our Awards and Accreditations

Ward Goodman’s excellence in private client accounting and financial services is validated by notable awards and accreditations within the UK financial industry.

Xero Certified

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AAT Qualified

Ward Goodman was honoured with the prestigious Accounting Excellence Award,

Xero Certified

We are accredited by the Association of Chartered Certified Accountants (ACCA)

ICAEW Membership

Ward Goodman proudly holds membership with the Institute of Chartered Accountants

Partnerships

As a distinguished Partner, we utilise cutting-edge technology
xero
Join Ward Goodman and experience the benefits of our pioneering approach in financial planning, wealth management, accounting, and tax advisory.

Experienced Auditing Experts

Ward Goodman’s dedication to excellence is embodied through our team of helpful experts:

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Torie Freestone

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Anthony Boni

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