PRACTICE AREAS

Practice Areas

Tax

If you require a self assessment tax return I can complete it for you. I go through your data and claim the correct deductions, ensure the tax return is completed correctly and point you in the direction of making your affairs tax efficient in future years.

If you have a limited company I can deal with the corporation tax return and the individual directors' tax returns.

For partnerships and LLPs I can prepare the partnership tax returns.

I provide tax advice on VAT, capital gains, salary levels, incorporation and general all round tax planning.

I also have experience of dealing with tax enquiries and HMRC investigations.

Annual Accounts

If you have a limited company I can prepare accounts which are compliant with Companies House and submit them digitally to Companies House on your behalf. I can set up a company for you.It can be more tax efficient to trade through a limited company or you may want the protection of limited liability. With the Scottish tax rates it can now be more tax efficient to trade through a company rather than as an individual.

I can prepare accounts for sole trades and partnerships and can arrange the transition from sole trade to limited company and vice versa.

Very often banks and mortgage advisors require to see your accounts to obtain a mortgage or loan finance. I can provide accounts to them and deal with the forms that are required.

Some businesses also require cash flow forecasts and management accounts on an ongoing basis and I can provide these.

I can also advise on Companies House forms and Company Law.

Property Taxes

If you have a buy to let property I can help with preparing property accounts and the property pages on your tax return.

From 6 April 2020 you will require to prepare a capital gains return and pay the tax within 30 days of the sale of a buy to let and I can help prepare the capital gain return for this. I can also provide advice on capital gains, the timing of property sales and the different tax reliefs on property.

If you have a holiday letting property either in the UK or abroad I can deal with the property accounts and property pages on your tax return and the sometimes complicated rules for capital allowances and repairs.

Bookkeeping

With Making Tax Digital all businesses which have turnover above the VAT threshold now require to have a digital bookkeeping system.

I can advise on setting up QuickBooks. You link me into the software and I can then get you off and running by setting up rules and making sure the software incorporates your bank automatically, puts your expenses and sales into the correct boxes and is set up to deal with VAT each quarter.

QuickBooks should then go on to automatically do a lot of your bookkeeping work.

I can fix you up with a bookkeeper if you don't have time to do this.

Payroll

For small one or two man companies I can deal with your RTI payroll returns, submit the monthly return and deal with annual forms. I advise on the most tax efficient salary to pay yourself each month.

For bigger clients I can arrange for a payroll bureau to take care of your weekly/monthly payroll returns.

Other Services

I can help with the following common areas where clients need advice:

-registering for VAT, flat rate VAT returns, advice on the VAT rules, VAT and its interation with the construction industry, reverse VAT charge.

-inheritance tax planning, gifts and allowances

-registering for CIS, CIS claims.

-tax returns for non residents and tax planning for non residence

-IR35 and employed/self employed status questions

-capital allowances claims on plant, buildings and building interiors

-preparation of charity accounts

-preparation of LLP accounts

-shutting down companies which are no longer required. Dormant accounts.