Tax
Our work includes the preparation of self-assessment tax returns, business accounts for sole traders, rental income and expenditure statements for property portfolios, and the calculation of capital gains and losses. We also have particular expertise in the preparation of trust accounts and advising on the associated tax obligations.
Under self-assessment, responsibility for accurate and timely tax reporting rests with the individual or trustee. We help ensure returns are complete, deadlines are met, and all relevant expenses, reliefs and exemptions are claimed where appropriate. If you are involved in an HMRC enquiry, we can deal directly with HMRC on your behalf, and we also offer fee protection insurance to cover the cost of our work in the event of a tax investigation, aspect enquiry or dispute.
Alongside compliance, we offer personal tax planning advice to help individuals and families preserve and enhance their wealth while remaining fully compliant with current legislation. We advise on income tax efficiency, remuneration and extraction planning, and broader capital gains tax and Inheritance Tax considerations, helping you to organise your affairs in a way that is practical, forward-looking and aligned with your personal circumstances.
If you would like to discuss how we can help with personal tax compliance, self-assessment or tax planning, please get in touch with our team.
We can also help sole traders and landlords prepare for Making Tax Digital for Income Tax, which is being introduced for many self-assessment taxpayers and will require digital records to be maintained and quarterly updates to be submitted to HMRC. Working alongside our bookkeeping team where needed, we can advise on whether the rules apply to you, help ensure the right software and processes are in place, and support the ongoing reporting and year-end tax position so that your personal tax affairs remain accurate, compliant and well managed.
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