We don’t just do your personal self-assessment tax returns; our qualified accountants will provide you the necessary advice and guidance on how to minimise your tax liability. We believe in providing a value-add service, not just number crunching.
ond same day or within 24 hours, provide a proactive value add service. We believe that by building strong relationships with our clients, the experience is much more rewarding.
One point of contact based in UK who can speak to you in simple plain English and deal with all your tax affairs. Our goal is to provide exceptional customer service every time. Your personal tax return accountant will respond same day or within 24 hours, provide a proactive value add service. We believe that by building strong relationships with our clients, the experience is much more rewarding.
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As a complete service, we will act as your tax agents to the HMRC, which means that we will deal with HMRC and any other tax matters on your behalf so you can relax and let us take care your tax affairs. We will also ensure we keep to all statutory deadlines so there are surprise penalties.
Preparation and online submission of your personal tax return, calculating your tax bills and advising you on how much tax to pay and when; completing a personal tax return is not just form filling – we follow a 9-step process in order to complete your personal tax return for you:
No-one can prevent HMRC raising an investigation, but with our comprehensive tax investigations service you will enjoy the following:
You will need to do a Tax return if during the financial year ending 5th April:
Self-employed sole traders who are running their own business or service
There may be other reasons also where you may need to do a PTR but in simple you may need to do a personal tax return if either you need to declare additional taxes payable or reclaimable.
If an individual becomes chargeable to income tax or capital gain tax for the first time, he has a duty to notify HMRC within six months of the end of the tax year in which he becomes chargeable.
For example, an individual who received dividend income on tax year 2019/20 has until 5 October 2020 to notify HMRC. In order to file a tax return, you need to be registered for self-assessment and must have a UTR or Unique Tax Identifier number. A self-assessment registration form is submitted for a UTR no. However, it can take up to 6 weeks for a UTR number to be issued by HMRC.
A self-assessment Tax return also known as “Personal Tax Return” is way for individuals to declare their annual tax on Income received or Gains/profits made on their capital investments.
Some taxes such as PAYE are collected at source, for example; Employees will have their taxes deducted before being paid by the employer and similarly savings income may be taxed by the bank when paying out interest. However, income from other sources like Rental Property, a Sole Trader Business or sale of an asset that increased in value (e.g a Buy-to-let property) will not have been taxed at source, and hence will need to be declared through a Personal Tax Return and any additional taxes paid.
Similarly, a Tax Return may be done to claim any overpaid taxes, e.g. your employer put you on wrong tax code initially and you were overcharged.
If an individual becomes chargeable to income tax or capital gain tax for the first time, he has a duty to notify HMRC within six months of the end of the tax year in which he becomes chargeable.
For example, an individual who received dividend income on tax year 2019/20 has until 5 October 2020 to notify HMRC. In order to file a tax return, you need to be registered for self-assessment and must have a UTR or Unique Tax Identifier number. A self-assessment registration form is submitted for a UTR no. However, it can take up to 6 weeks for a UTR number to be issued by HMRC.
