Tax Returns
The administrative burden for clients to comply with all statutory duties and deadlines can be very demanding. We will assist you with these as effortlessly as possible. The less time you spend on this means more time for leisure or running your business.Self assessment personal tax returns for individuals and sole traders
Each April as the Government sends out its 9 million or so tax returns we send all clients a personalised letter detailing the records we need to complete your tax return based on the previous year. If you need further help we can also discuss this over the phone. If not already done so we will prepare business accounts for sole traders and letting accounts for those who rent out property. On completion we thoroughly review your return, calculate your tax liability (or refund), provide you with a detailed letter and schedule of return entries to keep. Last but not least we advise you of what tax to pay and when. After you have approved and signed your return we submit it for you to HM Revenue & Customs electronically.Self assessment business tax returns for partnerships
Partnership returns are based on the business accounts and other relevant information. Partners’ details and figures can be seamlessly transferred to personal tax returns if required. After you have approved and signed your return we submit it for you to HM Revenue & Customs electronically.Self assessment business tax returns for companies
Corporation tax returns are based on the business accounts and other relevant information. Once completed, the corporation tax liability is calculated. After approval returns are submitted to HM Revenue & Customs electronically with accounts and tax computations on your behalf. We will advise you of your liabilities and due dates. We will also file a copy of the accounts with Companies House.
Electronic Filing
We are committed to filing tax returns online and have done so for many years. The Government want all businesses to file all returns electronically and for larger businesses this is now mandatory in many cases. Over the next few years it will become mandatory for smaller businesses too. This is routine for all our clients so this is one tranch of legislation we don't have to worry about. Currently we file all of the above tax returns electronically plus employers’ annual returns and all vat returns. With electronic filing they can’t get lost in the post or by HM Revenue & Customs. Submission is quick and proof of receipt is obtained and the authorities can’t make mistakes with the figures. Where appropriate, refunds are usually received quickly.