Self -Assessment / Personal Tax Returns

Self-assessment is used to collect tax from the self-employed, paying income tax on their profits. It is also used if you’re a business partner or a director of a limited company.

Highlights

• Tax Planning based on the industry specifics
• Accounts preparationComplete and file the Tax Return/ SA100 form
• Paper tax returns must be submitted before or by 31 October of every year
• Online tax returns must be submitted before or by 31 January of every year
• Payment can be made via online or telephone banking, CHAPS, debit card online, at your bank or building society, Bacs, Direct Debit or cheque through the post
• You can no longer pay HMRC at the Post Office or via credit card from January 2018

VAT Returns

• Help clients to register for suitable VAT scheme
• VAT returns preparation
• Ensuring returns are accurate and timely.
• Checking of assessment and penalties in case of HMRC reviews and provision of services on complex VAT issuesSupport and advice on Customs/Excise duties including product classification
• Duty reclaims and import / export procedures

Payroll Processing

• Use the payroll software to record pay, tax and National Insurance
• Calculate deductions from the pay e.g. tax, absences & NI
• Prepare payslips for each employee
• Report the pay and deductions to HMRC in a Full Payment Submission(FPS)
• End of the year reports are prepared in accordance with HMRC requirements and, if desired,submitted on client’s behalf.