Income Tax - Self Assessment
The completion of the Annual Self Assessment Tax Return is often one of the biggest burden on the self employed, the one thing most of us put off until the absolute last moment. Recent changes have seen the submission dates change and now paper Returns can no longer be submitted after 31st October leaving submission online, often even more of a task for some, as the only available route.
We are here to help sole traders, partnerships, employed people with a secondary untaxed income, the retired and any other individual required to complete a Self Assessment Tax Return, Trust Return or Inheritance Tax Return.
We will talk you through what we will need, help you gather all the necessary information and complete the Return for you. All you will need to do is agree it. We can even submit it online on your behalf. Let us take the worry away from you.
All for one simple fixed fee we offer a comprehensive service which includes:-
* Preparation of your Self Assessment Tax Returns and subsequent submission to Revenue & Customs
* Tax and National Insurance liabilities - Calculating and advising as and when required
* Tax Planning - we review areas where it may be possible to reduce tax and advise accordingly
* Revenue and Customs queries, forms etc., – Dealing with all such communications on your behalf.
Capital Gains Tax
Capital Gains Tax applies when any chargeable asset is disposed of and is imposed upon individuals, companies, personal representatives and trustees.
Inheritance Tax
As a result of the increases in property values, this tax is unfortunately starting to apply to more and more of the population. For the current (2010/11) tax year, the threshold for Inheritance Tax is only £325,000.
Measures have however been announced to allow married couples and civil partners to combine their tax-free allowances, thus potentially doubling the IHT threshold.
