For many, the Self-Assessment Tax Return can be the most stressful interaction that individuals have with HMRC each year and we aim to take the stress and worry away from you. We can assist with the preparation and submission of your return to ensure that you are paying the right amount of tax and advising you of upcoming liabilities to give you time to prepare.
Since 6th April 2020, if a Capital Gains Tax (CGT) liability arises from the sale of residential UK property, individuals must submit a CGT Return to HMRC within 60 days of completion. We can help you to work out whether a liability arises from your disposal and if so, we can prepare and submit the return to HMRC.
Sole traders usually have enough to worry about with the stresses of running their business without the additional work that comes with sitting down and trying to work out what expenses they can claim and what their tax bill is likely to be each year. We are able to prepare accounts for you and translate this into a tax return to make sure that you are up to date and paying the correct amount of tax.
Landlords generally are required to submit a Self-Assessment Tax Return each year in order to declare their profits or losses and pay any tax arising from those profits. The tax landscape for property owners has changed significantly in the past few years and continues to evolve therefore it is important to ensure you are up to date with the latest developments. We can prepare rental accounts each year as well as preparing and submitting the corresponding return to HMRC ensuring that all possible reliefs and allowances have been claimed.
Getting a letter in a brown envelope to say that HMRC are looking into a taxpayer's affairs can be a daunting experience. It could just be a simple compliance check just to make sure that everything is done right but it also makes you question everything you've ever declared and if you've done something wrong or missed something off. We can review your affairs and correspond with HMRC on your behalf so that the process is as stress-free as possible.
MTD is one of the biggest changes to the way taxpayers report their income since self-assessment was first introduced. From April 2026, sole traders and landlords who exceed the gradually reducing threshold will be required to submit quarterly returns to HMRC as well as a final declaration in order to satisfy their reporting requirements. We are able to provide advice on the required submissions, discounted license fees for relevant software and in certain cirucmstances, we are able to prepare and file the submissions.