We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way.
Our services include:
We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax and the planning opportunities available to you. Over recent years HMRC have increased the penalties for failing to file a return on time and for errors. We can register you with HMRC, complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.
We always start with a free consultation, to understand what exactly needs to be submitted in your self-assessment tax return. At this point we can register you as self-employed with HMRC if needed, produce a quote, and advise what documents and information we will need to complete your tax return. Typically this will be:
- Records of self-employment, including sales, purchases, bank statements, CIS certificates, etc.
- P60s for other employment or pension companies;
- Statements of dividends and savings income;
- Landlord statements of rent received and mortgage interest paid.
We will then work with this information to produce a set of accounts (where applicable) and self-assessment tax return, keeping in contact with you throughout the entire process. The final step is to recollect the neatly filed paperwork and sign-off the accounts and/or tax return. We always explain exactly how and when tax should be paid to prevent late or forgotten payments.
Personal tax planning
Everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. Our specialist tax team can provide you with year-round advice on all aspects of personal taxation.