Do you need help completing your Self Assessment tax return or need to know the tax implications of renting and selling investment properties? As tax advisers, our objective is to work closely with you to ensure you pay the minimum tax required by law. 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.
Self Assessment Compliance
We have the expertise and latest 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 complete tax returns, calculate any tax liabilities and advise you on exactly when to make payments and how much to pay to ensure full compliance.
High Net Worth Individuals
We manage a wide range of high net worth individuals with complex tax affairs, including extensive investment portfolios, SEIS/EIS and VCT tax reliefs, property portfolios, foreign investments and assets. Our role is to alleviate the burden of tax administrations and to streamline the annual filing process.
Sole Traders
Our team is well-equipped to support self-employed individuals with the preparation of annual sole trade accounts and Self Assessment tax return. We will work closely with you to ensure we claim all allowable expenses and advise on the correct income tax and National Insurance contributions due. When your income exceeds the VAT threshold of £85,000, we can help you get set up for Making Tax Digital and provide quarterly bookkeeping services.
Partnership
We can act for your incorporated or unincorporated business partnership to ensure you are compliant with filing requirements to HMRC and Companies House. We can also prepare each partner’s individual Self Assessment tax return to report the partnership profits and advise on any tax liabilities due.
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.
HMRC Investigations And Enquiries
Being the subject of a tax investigation or enquiry by HMRC can be a stressful and worrying experience. We have a wealth of experience in dealing with HMRC investigations, whether they are enquiries into an individual’s tax return, more detailed enquiries into a company’s affairs or employer-related investigations into PAYE and P11D compliance. If you are the subject of an investigation, we can provide you with expert help and support.
Tax Fee Protection Insurance
HMRC has powers to investigate income tax and corporation taxpayers at random.
With the ever-increasing risks of full tax enquiries and investigations, it may be worth considering protecting yourself from the accountancy costs of dealing with it as the amount of work involved is often substantial. Even if HMRC finds nothing as a result of any investigation, you will still have unexpected professional fees to pay as a result.
We cannot prevent you from being investigated but we can help to ensure that you get the best possible support and advice without having to worry about the cost.
We partner with market-leading provider, Markel Tax, to offer clients tax investigations cover for the following:
- Self-assessment enquiries
- VAT enquiries
- PAYE and benefits enquiries
- IR35 enquiries