We can help you to complete your Tax Returns on time, accurately, correctly and with confidence that you are paying the correct amount of tax. We can advise you on claiming the correct allowances and reliefs and what income needs to be declared.
Correctly completing their Tax Return can be a time consuming and often confusing business for many people.
Many taxpayers struggle to fully appreciate what is required to complete their tax return correctly or understand what is required of them under the ‘Self Assessment ‘system.
The constant stream of changes to tax legislation means that even those who feel confident may fail to recognise that the goalposts have moved. Hence, without professional help the tax payer is at greater risk of incurring penalties through failing to complete their returns on time or correctly. The risk of paying the wrong amount of tax is a very real one.
We can help you
We can help you plan, record, report and maximise your property income and capital gains.
In recent years, many people have become “accidental landlords” when they moved house, inherited property or were unable to sell their previous home. There are more than 2 million landlords in the UK and HMRC know that some individuals are not declaring their property income and gains. This has resulted in a concerted campaign by them to enquire into property ownership and whether owners of more than one property are receiving an income. HMRC has a number of tools at its disposal, especially in the amount of information now available to them online. Those not coming forward and who may not be declaring rental income can expect higher penalties and even criminal prosecution if HMRC chooses to launch an investigation and it concludes that some individuals are not declaring their property income and gains.
This includes: