Our Key Services include a wide range of bespoke tax based solutions that aim to preserve prosperity now and in the future.
Kreston IOM offers Trust, Fiduciary and Corporate Key Services, tailored to the exacting needs of its clients. Our services are delivered through a dedicated team of professionally qualified individuals that include lawyers, accountants, chartered secretaries and trust and estate practitioners with extensive experience and expertise in this highly specialised field.
Our key services include:
Accounting Aspirations Limited provides a comprehensive range of professional accounting and business services for companies and individuals. Our dedicated team has many years of experience in providing a personal, cost effective and efficient service to our local and international clients. Our services include: Preparation and production of monthly, quarterly and annual management accounts Preparation of statutory financial statements in accordance with UK and international accounting standards Preparation and analysis of cash flows, budgets and forecasts VAT registration and preparation and filing of quarterly VAT returns with the IOM Customs and Excise or the UK’s HMRC Maintaining all necessary accounting and… Read more
In addition to company formation and management, we also provide management and administration facilities including accountancy, tax compliance and full company secretarial services… Read more
Kreston Pensions (Isle of Man) Limited is one of the island’s leading independent providers of trustee and pension administration services. Our key services include: Independent Trustees SIPPS Isle of Man QROPS Gibraltar QROPS QNUPS QROPS to QROPS transfers Kreston Pensions (Isle of Man) Ltd is registered by the Isle of Man Financial Services Authority as a Pension Scheme Administrator… Read more
The Isle of Man is a safe, well-regulated jurisdiction,and although it is not an EU member it is on the G20 white list and has achieved recognition for a proven record of compliance with international standards of tax co-operation. The Isle of Man is the only offshore jurisdiction with a dedicated pension regulator, the Financial Services Authority. An Isle of Man SIPP (Self Invested Personal Pension) allows individuals to make their own investment decisions in relation to their pension scheme, including a number of different options such as Unit Trusts, equities and residential and commercial property. Tax relief is granted… Read more
QROPS is an acronym which stands for Qualifying Recognised Overseas Pension Scheme and is a method of transferring UK pension funds to a pension scheme overseas without incurring a tax charge. “Qualifying” refers to the fact that the overseas scheme must qualify with the conditions set out by HMRC (Her Majesty’s Revenue and Customs). The scheme must be set up outside the UK and not be a registered pension scheme. The scheme must meet all the following conditions: tax recognition conditions regulated pension scheme conditions recognised overseas pension scheme conditions” (www.hmrc.gov.uk) “Recognised” means that HMRC have recognised rather than approved the scheme and have… Read more
Retirement Planning using Qualifying Non-UK Pension Schemes (QNUPS) Background QNUPS were introduced by The Inheritance Tax (Qualifying Non-UK Pension Schemes) Regulations 2010. Contributions to a QNUPS should be appropriate for retirement planning and proportionate to overall wealth in the context of pension planning. QNUPS assets should be appropriate for supporting a retirement benefits fund. The implementation of a QNUPS must not be seen as Inheritance Tax avoidance. Tax Treatment There are no reporting requirements from the QNUPS to HMRC. A UK resident may contribute to a QNUPS but will not receive tax relief on the contributions. There is no UK CGT… Read more
We can work closely with you to assist with growing your business and improving your profitability. Whilst you are the business you may not have the time, resources or inclination to manage your business’s finances – we can do that for you. Virtual CFO Monthly, quarterly, annual business reporting and analysis Benchmarking General management support and advice Identification of what makes your business profitable Development of KPI’s and analysis through KPIs System and Internal control reviews… Read more
If you are looking for advice to take your business to the next stage we can assist you – we have a broad profile of business experience within Kreston IOM with which to assist you with your plans. Identify business growth strategies Provide Advisory boards from a pool of experience within Kreston IOM Business valuations Support concerning business acquisitions, disposals and mergers, including due diligence on business and other acquisitions Employee bonus arrangements and employee profit share arrangements Employee engagement… Read more
Kreston IOM treats all clients individually, providing a bespoke and confidential service. We take time to understand the client’s situation and needs, and can reliably provide insight into and guidance on, appropriate structures and jurisdictions.
Working closely with professional advisers, we tailor a solution that is most appropriate to meet the needs of the client in a constantly changing world.