Our Services - For Individuals

UK Tax

Tax laws and regulations are complicated. For more than sixty years we have helped our clients navigate the tax system.

We would like a simpler and easier system but whilst we wait for this, we continue to apply our knowledge to our clients challenges, planning around their life events.

Our tax services include:

Personal Tax
Tax Return preparation, tax planning including capital gains tax and inheritance tax planning, tax efficient employee reward plans, technical tax advice.

Capital Gains Tax Reporting
Residential Capital Gains Tax computations and Returns, Non-Resident Capital Gains Tax computations and Returns.

HMRC Enquiries and Investigations
A full service of advising clients on all types of HMRC enquiries and investigations.

VAT Advice
Advice on VAT including Registration, VAT compliance, Quarterly reporting and Deregistration.

Making Tax Digital
We are preparing for the implementation of Making Tax Digital and the extra support clients will need to comply with new reporting requirements.

Corporate Tax Advice
Corporation Tax Return (CT600) preparation, Capital Allowance advice, profit extraction and dividend policies.

Accounts Preparation
Accounts preparation for small company and micro entities for submission to Companies House and HMRC.

Payroll Tax
We provide a full PAYE service or can advise on which one of our partners can best help you.

Private Office Management

As a family firm with more than sixty years of history, we have a unique insight into how families work. We develop close and strong relationships with our clients, sharing their challenges and being their trusted advisors.

This advice is tailored to each client and ranges from setting up and running formal Family Office structures to personal advice in supporting day to day financial administration, inter-generational giving and philanthropy.

In many instances, we work closely with other professionals providing a seamless and sophisticated support mechanism for complex affairs.

This work is limitless in its scope but a selection of our experience includes:

  • Co-ordinating financial administration including monitoring and regular financial reporting
  • Liaising with investment managers on financial administration and providing tax input to investment management advice
  • Planning inter-generational giving including advice to second and further generations
  • Financial planning and modelling including tax cashflow projections 
  • Working with legal advisors on Estate planning, Wills and Letters of Wishes 
  • Working with other advisors on Corporate, Partnership or Trust structures including implementation and ongoing execution.

Summers & Co. does not give investment advice.

Inheritance & Trusteeship

Many of our clients think about safeguarding their assets for future generations. We have helped many to achieve their objectives in the simplest and most effective way.

Our trust, gift and estate services:

  • Financial planning, including cash flow analysis
  • Lifetime transfer planning
  • Charitable giving and foundation planning
  • Estate management and distribution planning
  • Multistate estate planning
  • International estate planning
  • Asset protection planning
  • Valuation services
  • Trust planning
  • Trust administration
US Tax Service

We offer a full US compliance and filing service for those who are either US citizens, Green card holders or are subject to US taxes.

We prepare all types of Federal and State Returns including:

  • Form 1040 – Individual Income Tax Return
  • Schedule A
  • Schedule B
  • Schedule C
  • Schedule D
  • Schedule E
  • Forms 1116 with associated workings
  • Form 6251 – AMT
  • Form 1116 with associated workings re AMT
  • Form 2555 – Foreign Earned Income
  • Form 8582 – Passive Activity Loss Limitation
  • Form 8938 – Statement of Specified Foreign Financial Assets
  • Form 8960 – Net Investment Income Tax
  • Form 8829 – Expenses for Business Use of Your Home
  • Form 4562 – Depreciation and Amortization
  • From 8621 – Information Return by a Shareholder of a Passive Foreign Investment Company
  • Form 5471 – Information Return for US Persons with Respect to Certain Foreign Corporations
  • Extension forms 4868 and 2688 without computations
  • Extension forms 4868 and 2688 with computations
  • Form 3520 and 3520A – Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts
  • Form 1040NR – US Non-resident Alien Income Tax Return
  • Form 1040X – Amended US Individual Income Tax Return se
Negotiation and Mediation Advice

We have extensive experience of negotiation support for mergers, acquisitions or disposals, commercial or contractual opportunities or disagreements, shareholder disagreements, and other dispute resolutions. 

We are happy to enter into direct negotiation on behalf of clients or support them in their negotiations. We have experience working with mediators as an alternative dispute resolution mechanism in reaching an effective conclusion.

We believe that effective negotiation is achieved by being well briefed and understanding the needs and aspirations of both sides. Often our strength has been to find imaginative solutions to intractable problems.

We help at all stages including:

  • Data gathering
  • Data Analysis
  • Scenario Planning
  • Disclosure
  • Strategic planning
  • Direct structured negotiation
  • Informal negotiation
Divorce

Divorce is often a very difficult time however we have developed a great deal of experience supporting our clients and taking care of the technical aspects.

Valuation 

Our almost sixty years of work with clients means our team have experience of the financial dynamics of most businesses and thus understand the drivers and inhibitors of value.

Shadow expert witness services

We are often instructed by solicitors to review disclosures and valuations prepared by other professionals to support them in protecting their client’s interests.

Assistance with asset scheduling, including Form E

The key part of any divorce is the preparation of Form E that outlines the assets of both parties.  This can be a difficult and time-consuming process and we work with our clients to ease the difficulty of such a disclosure.

Expert Witness

In many disputes, appointment of a Single Joint Expert is an effective way of resolving difficult issues.   “Shadow Experts” provide comfort that expert advice has been properly scrutinised and is rigorous and fair.

Our “Shadow Expert” service advises in a dispute often acting on instructions of a solicitor.  We provide advice on technical matters reviewing the accuracy of disclosures and assumptions made.  We are not Court appointed so act purely in the interests of the instructing party.

We can help instruct Single Joint Experts, review their Reports once issued and advise on further questions to ask.  We are frequently involved in discussions on tactics of approach and likely ways to resolve outstanding issues.

We have extensive experience in this work. Our reputation is for honest advice based on strong technical knowledgee