Our Services

Managing Your Wealth

Personal Tax Planning

Bright Brown’s services are not restricted to businesses and we have a large core of personal tax clients. Whether you need assistance with your self assessment tax returns or advice on inheritance tax planning, Bright Brown can help you.

This is a highly specialised area and our dedicated team can provide the following services:
• Advice on minimising tax liability for all personal taxes including:
o Income tax
o Capital gains tax (CGT)
o Inheritance tax (IHT)
o Non-domiciliary taxes
• Completion and filing of relevant returns
• Advice on what payments are due and when
• Advice on trusts and estates

Profit Extraction

Bright Brown can help you to keep as much of your hard earned money as you possibly can. When extracting profit from your business, you will of course want to keep your tax liability to a minimum. Bright Brown can advise you on the best possible way to go about doing this.

This is a highly specialised area and our dedicated team will discuss:
• How and when you are able to implement remuneration strategies and extract company dividends
• How personal allowances and national insurance contributions factor in
• Pension contributions
• The perks and pitfalls of leaving the money in the business

Remuneration Strategies

Bright Brown can help you to put together an attractive remuneration package for yourself and your employees. Bright Brown can advise you on issues such as:
• Commission and performance related incentives
• Insurance
• Company cars
• Bonuses
• Retirement plans

Planning For Retirement

Planning for your eventual retirement can easily be overlooked, especially if you are concerned with the day to day running of a business. Yet with careful and timely planning you will be able to make the most of the options available.

Bright Brown can assist with the following:
• Devising an exit strategy
• Tax-efficient disposals
• Management buy-outs
• Pension provision

Estate & Inheritance Tax Planning

Early planning is crucial when making arrangements for the future of your estate upon your death. Such forethought may enable you to take full advantage of the tax opportunities available and thus maximise the amount that is passed to your beneficiaries.

It is equally important when planning to transfer your estate that you make adequate provision for yourself and your spouse in your later years. Striking this balance calls for considerable skill and foresight - and a detailed knowledge of the tax regime.

Bright Brown provides a discrete estate planning service that includes:
• Help with drawing up and reviewing your will in partnership with your solicitor
• Making full use of exemptions and lower tax rates on lifetime transfers
• Optimising lifetime transfers between spouses
• Transferring agricultural or business property
• Transferring assets into trust

Gifting Strategies

It is possible to make wealth transfers through gifting, for example to your children or to other beneficiaries. Bright Brown have in-depth knowledge about the tax implications of the following:
• Savings plans
• Trusts
• Life insurance trusts
• Medical or education expenses
• Wills

Speak to us for more information on how to pass your wealth onto your loved ones, whilst minimising any tax liability.

Trusts & Executorships

Trusts are relatively easy and a very tax efficient way to set aside assets for future beneficiaries outside of the inheritance tax net. They can also be useful for:
• Providing funds for your children's education, maintenance, etc.
• Restricting access to property by future beneficiaries
• Providing for people who are mentally or otherwise incapacitated

Bright Brown can advise on the most suitable type of trust for your purposes, set up trusts in partnership with your solicitor, and provide a full range of accounting services for trusts.