The Tax Team

read moreFrom straight forward Personal Tax Returns, through more involved returns and tax issues, to full sets of Statutory Company Accounts, we have a level of service and competitive fees to meet your needs. A: It's a personal choice. There are many reasons for appointing someone to look after your tax affairs. Tax and Accountancy can be complicated and/or time consuming. Keeping up to date with changes in legislation, what can and cannot be claimed, changing rates/allowances and laws that may or may not apply are often reasons people appoint an agent.

read moreThe level of service is higher, additional pages may be needed to the Tax Return for any combination of Rental Income from Property, Self Employment (simple income and expenditure accounts), Capital Gains (a few disposals of shares etc), Foreign Income, Residence Pages (ex pats) and so on, meaning additional time is involved. Clients offered this service include those employed but in receipt of extensive remuneration packages, individuals who have a more substantial property portfolio, the self employed with an annual turnover of more than 85k and those with a higher than average individual "net worth" with resultant investment income from many sources.

read moreThe basic idea is that each individual will be able to access their tax account 24/7 via all digital means. All employers/pension providers/banks/investment houses and so on will provide direct information to this HMRC system to pre populate sections of the individual accounts. At present these accounts do not replace the Self Assessment system where individuals fall within HMRC requirements to report annually via a Self Assessment return. Progress of the MTD project has been slower than anticipated and currently only VAT registered businesses are mandated under new legislation, from April 2019, with individual landlords and smaller businesses currently continuing under Self Assessment.