Self employed

Sole trader

When you start a new business it’s just as important to structure how you are going spend the time working but also put all your paper work together on a regular basis. For some new businesses they have a plan but putting this into action can sometimes get left behind and the most usually put aside is the paperwork and then the business gets into a muddle.Why use us? A lot of new and existing businesses who complete their own Self Employment Tax Returns are unaware of what they can actually claim for. Different tax rules apply to different types of expenses, we can advise you on planning rules and tax traps. We also specialise in reducing your tax bill, and our expertise extends to dealing with Partnerships, Buy to Let, Business Tax Advice, New Business Start-Ups, Bookkeeping, Registering for Self-Assessment and dealing with HMRC. Another area are those Clients who haven’t completed any Tax Returns for some years and experiencing difficulties with HMRC penalties and fines.For Example A client hadn’t filed any self-assessment tax returns for 4 years. HMRC were pressing for payment with threatening letters and a large tax bill they had estimated. We completed the client’s tax returns, reduced the large debt to HMRC, dealt with all HMRC correspondence penalties and procedures, on the client’s behalf. We held the clients hand through this stressful time, the client now sleeps at night.

Partnership

If you work with someone else you will probably be in a partnership. Most important is you need a partnership agreement that we can help you with. You also need to tell the taxman o the partnership and complete an extra tax return.

Tax return
Every business need to do a tax return, or face really big fines. What we do is make sure yours looks as the taxman expect, and claims EVERYTHING you are allowed. That way your tax bill is less and the risk of an investigation is as small as possible.

Self assessment
This is the process under which individuals and partnerships have to complete their tax returns. You can do it yourself, but is the same way you would employ an electrician to do the wiring in your house on the grounds of safety, use an accountant for your tax return for the safety of you money.

Partnership

If you work with someone else you will probably be in a partnership. Most important is you need a partnership agreement that we can help you with. You also need to tell the taxman o the partnership and complete an extra tax return.

Business advice

See the one business. We see hundreds, every year. As a result we have lots of ideas that might help you business. We can do anything from a quick review to helping you plan a major project and we will guarantee to come up with some money saving ideas for you.

Self employed

Self employed is another name for a sole trader. The commonest form of business and the one we know the best.

Buy to let

A growing area in recent years and one we know from both professional and personal experience. There are loads of special rules that we can guide you through. Too many people do not even declare their income from buy to let properties, which is a big mistake as the taxman is looking hard at this area at the moment.