Tax Planing
If you are self-employed trader, partner in a business partnership or company director, then you will need to complete a self-assessment tax return and file it with HM Revenue and Customs by the 31st January each year.
1. Instances when you may need to submit tax returns.
You earn over £100,000 per year
If you have made a gain on disposal of an asset such as property or shares
If you are a non-resident landlord
You have income from land or property such as rents
If your income is over £50,000 and either you or your partner receive child benefit
You have any other income or gains
2. We can provide the following tax return services
Registration for self-assessment
Online filing with HMRC
Calculation of trading profits of sole trader and partnership for tax purposes
Advise on capital gains reliefs and exemptions available
Calculation of capital gains made
Tax efficient planning
Computation of income tax and national insurance liability and payment instructions
Dealing with all HMRC enquiries, when required to do so