Tax doesn’t have to be Taxing… does it?
It’s important to remember that although all businesses must prepare an annual Tax return (e.g. sole traders, partnerships and companies) those of you with untaxed income are also required to declare income from your worldwide sources! This could include:
- Side hustles or online trading
- Letting of property
- Dividends income
- Pension income
- Bank or savings income
- Individuals affected by High Income Child Benefit Charge (HICBC)
Why is it important?
- Ensures you pay the correct amount of tax.
- Avoids penalties for late or incorrect filing.
- Identifies opportunities for tax savings and reliefs.
What does the service include?
Not only will we help with taking away the stress of the annual compliance but we’ll guide you through the hard to understand Payments On Account (POA) system and keep you updated on any changes in the Tax system.
Additional services we offer:
- Director’s remuneration planning
- Dividend planning
- Exit strategy planning including retirement
- Company share structures
- Inheritance Tax planning
- Capital Gains Tax planning
- Incorporation Relief planning
You’ll be pleased to know that if you’re a Limited Company a lot of the above is already done as part of your annual package.
How we deliver this to clients
We gather all the necessary information, prepare your return, and submit it to HMRC on time. We also provide advice on tax planning opportunities such as pension contributions, gift aid and capital gains.
Summary & next steps
Tax doesn’t have to be stressful. Let us handle your return accurately and efficiently while looking for ways to minimise your tax bill.
Contact us today for a tailored Taxes package.