MTD Self-Assessment
Completing your own self-assessment return is not always a straightforward task. It can be complicated and often requires expert assistance.
Self-assessment returns are usually just called tax returns. The term ‘self-assessment’ refers to an individual’s assessment of how much tax they need to pay by the end of the fiscal year.
Let us help you by calculating your taxable income, what tax you must to pay and if you are entitled to a tax refund. Above all save you needless time and expense, and make this task hassle-free.
Income Tax
HMRC continually update their regulations and it can be difficult to keep up to date with all the changes.
Let us take the worry out collating your income and expenses, filling in online forms, and meeting various tax deadlines.
We can assist with the following:
- Preparation of various types of self-assessment tax return
- Advising you on your tax liabilities and deadlines in a timely manner in order that you can manage your cash flow
- Dealing with HMRC on your behalf
- Identifying suitable planning opportunities to help save you money
- Reviewing your trading structure to ensure that it is the most suitable trading vehicle for your needs
Corporation Tax
We understand that tax can be the last thing on your mind when you are trying to run your business. Let us help you meet your compliance needs and ensure that you fulfil your tax obligations.
We can assist you with:
- The preparation of your corporation tax computations and tax returns and submitting them to HMRC on time.
- A review of your business to ensure that all reliefs are maximised to minimise your corporate tax liabilities.
- Advising on being tax efficient and keeping costs to a minimum.
- Corporation tax advice regarding reorganisations and changes to your business.
Inheritance Tax
Inheritance tax was introduced in 1975 to replace estate duty and was called capital transfer tax until 1986. This tax is charged on transfers of capital or assets by individuals.
It may be payable on the value of an estate or certain lifetime gifts.
Certain transfers are not considered for inheritance tax purposes, and this provides a number of planning opportunities for wealthy individuals wishing to minimise their exposure to taxation.
Please contact us about any of the following:
- Inheritance tax planning
- Making a will and other related matters
- Estate planning
- Tax aspects of your home
Capital Gains Tax
Capital gains tax (CGT) becomes payable when you sell an asset, a property or make money from sales. The amount you pay in tax depends on the value of the asset sold and your income.
When it comes to capitals gain tax returns, let us provide our assistance using our expertise to help with any transactions that have capital gains tax implications. We will calculate the capital gains tax that you must pay on disposal while advising you on the reliefs and exemptions, and how best to avoid penalties.
VAT
HMRC update their regulations continuously which makes VAT compliance a difficult administrative process.
We can help to ensure that you comply with the regulations and that overpayments and penalties are avoided.
We can help with the following:
- assistance with VAT registration and completing returns
- advice on VAT planning and administration
- use of the most appropriate scheme
- VAT control and reconciliation
- negotiating with HMRC in disputes and representing you at VAT tribunals if necessary.
- HMRC Investigations and Enquiries
Drop in for a friendly chat or use the contact form to send us a message
Book an appointment for an initial consultation to discover how we can assist your business with its tax affairs.
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