I have retired. If you need help with your tax situation you may wish to contact my friend, Alan Hennessey. The articles and advice given are intended to be informative and helpful. Nevertheless, there is no substitute for paid professional advice and we take no responsibility for any losses incurred from acting on information on this site.
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Jon Stow started his career with a well-known international bank, and was for some years with a medium sized accountancy firm specialising in the insurance market, particularly Lloyd's. More recently he has been involved with clients who owned and managed their own businesses. He then successfully modernised the tax department of a small City firm of accountants whose target market was also owner-managers, before moving to a well-known national firm and later to a well known wealth management and tax consultancy.
Mr & Mrs G owned and let two flats, but did not declare their profits from rents for five years until the letter from HM Revenue & Customs dropped on their doormat. They came to us for help. We worked out their tax liabilities over the five years, submitted lettings accounts to HMRC, and agreed the amounts to pay including negotiating over the penalty for not declaring the income. We could assure Mr & Mrs G they were not going to jail, and the only worry they had was in writing the cheque for HMRC.
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