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Personal Taxation
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Your accounts need to be prepared on time each year. Failure to do so, could lead to a higher risk of an Inland Revenue investigation. We will deal with H M Revenue and Customs on your behalf, relieving you of the worry.
We will explain which expenses can be offset against your profits and make sure that you comply with the tax legislation.
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Whether you're an employee, self-employed or in partnership don't get hung up with your tax return. We can prepare this for you and submit it electronically, allowing us to track it with the Inland Revenue and receive electronic confirmation of receipt. We will write to advise you of any liability and due dates of payment in advance. The self assessment form must be submitted to HM Revenue & Customs by the 31st January following the end of the tax year. If the tax return is submitted late interest will be charged automatically.
The tax return form is a complex document that comprises information about all your income sources. Fortunately, we can assist you to make a correct return.
Under self assessment, HM Revenue & Customs has the power to enquire into every submitted tax return. This can be a very worrying time for the tax payer. If a letter is received advising you of an enquiry into your tax affairs, you should seek advice by contacting us.
Individuals with income chargeable to income tax or capital gains tax and who have not been issued with a tax return must inform HM Revenue & Customs of their taxable status by 5th October following the year of assessment. Do not leave it to late, contact us now for friendly advise.
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