TAXATION SERVICES

We use HMRC approved software to:

• Complete your tax return
• Calculate your tax liability
• File the return online
• Liaise with you on the amounts to be paid and when they are due

If you’re a business owner, you have a legal obligation to make sure your business is correctly reporting and paying corporation tax. This information must be reported to HMRC annually on a Corporation Tax Return.

You must pay Corporation Tax on profits if you are:

• a limited company
• a foreign company with a UK branch or office
• a club, co-operative or other unincorporated association

It is important that the deadlines, which are determined by your company’s annual accounting date, are adhered to. There are strict penalties for late filings and interest is charged on tax paid late. 

We can assist with the preparation of your annual accounts and company tax returns. We will also provide advice on tax planning areas, ensuring that your business is as tax efficient as possible, reducing your tax bill and saving you money!

There are many reasons you might need to file a personal tax return.  It is your responsibility (not HMRC's) to ensure you are paying the correct amount of tax.

We prepare personal tax returns for Sole Traders, Directors of Limited Companies and clients that have income and investments which result in the need to complete a Self Assessment. 

Our experience and proactive approach will prevent unnecessary taxes, saving you money and seeing that all the necessary paperwork, submissions and deadlines are dealt with.

If you are unsure if you need to submit a return, get in touch and we will be happy to advise.

You must register for VAT if your VAT taxable turnover goes over £85,000 (the ‘threshold’), or you know that it will. Your VAT taxable turnover is the total of everything sold that is not VAT exempt. You can also register voluntarily. For more information go to www.gov.uk/vat-registration/when-to-register.

You must register for VAT if:

• You expect your VAT taxable turnover to be more than £85,000 in the next 30-day period
• Your business had a VAT taxable turnover of more than £85,000 over the last 12 months

As part of our bookkeeping service, we can ensure all your transactions accurately account for VAT and that you are registered with the most cost effective VAT Scheme for your business, reducing your VAT liability where possible.

We can prepare your VAT Returns and submit to HMRC using MTD (Making Tax Digital) compliant software.