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We are specialists in income tax, capital gains tax and inheritance tax.
Self Assessment
If you are a higher rate tax payer or a tax return arrives on your door mat you will be required to complete the “Self-Assessment” personal tax return and submit it to the Inland Revenue, together with any tax, no later than the 31 st January after the end of the tax year.
Failure to submit your tax return will result in an automatic penalty of £100 and interest will be charged on overdue tax. Continuing failure to pay tax and make proper returns will result in escalating penalties and interest.
Alternatively you may have several sources of income or have paid too much tax in the past tax year. We can advise you and assist with making a tax return so as to minimise your tax liability or obtain a refund from the Inland Revenue. You never know, they may owe you interest on the late repayment of tax.
We have the expertise and 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 positions and the planning opportunities available to you. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.
Personal tax planning
Today, more and more emphasis is being put on taxpayers' individual responsibilities and 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
Being the subject of a tax investigation by the HMRC can be a stressful and worrying experience. With the onset of personal and corporate self-assessment, Revenue staff can now review cases on a 'sample basis'; consequently, tax investigations have become more frequent. We have a wealth of experience in dealing with HMRC investigations, whether they are enquiries into an individual’s Tax Return under the Self Assessment regime, more detailed enquiries or employer-related investigations into PAYE and P11d compliance. If you are about to be the subject of an investigation, we can provide expert help and support.
Why not contact us today to arrange a FREE no obligation consultation.
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