Personal Tax returns
You should expect to receive a return whether you're a sole trader, business partner or receive rental income
Personal tax returns are simply the taxmans way of checking or collecting income tax. You should expect to receive a return if youre a sole trader, business partner or receive rental income. Returns are also regularly sent to higher rate tax payers with investments, and frequently to company directors too. Ordinary employees are less likely to receive a return, but if they do it must be completed.
The situation is slightly different for partnerships. Partnership returns only report joint income, splitting it for reporting and taxing via personal tax returns.
We are happy to prepare your standard personal or partnership tax returns, including those for business income, small rental portfolios, and managed share portfolios.
Well gather all the details we need by asking you for specific information, and then prepare and present your returns and accompanying accounts.
The type of records you have to keep, by law, will depend on what sort of business you run and how it trades.
VAT is a complex subject, but don’t worry - you don’t need to know everything. However, it’s worth seeking our help
New legislation requires company directors to demonstrate that they have planned for their company to be successful.
Year end accounts
All businesses have to provide year end accounts for the tax man, which must be prepared in accordance with the rules
If you pay any staff, then your business will need a payroll that accounts for tax
The law requires every Limited Company to submit an annual Corporation Tax return.