Personal Taxes
A self-assessment income tax return is mandatory for sole traders, individuals in a business partnership, individuals with salary earnings exceeding £100,000, and those with additional income streams such as rent from property.
We can help with:
- Completion of annual tax returns to include the calculation of tax liabilities
- Notification of payments due and reminders around the due dates
- Maximising available claims, deductions, reliefs and allowances
- Support with HMRC enquires, statements and notices of coding
- Advice on dealing with payments on account
- Special returns for individuals impacted by residence and domicile rules
- Remittance basis returns for non-domiciled individuals
- Advice on capital gains tax, and inheritance tax
Capital gains tax can be subject to various reliefs. We can advise on delaying payments by rolling over business proceeds to another business asset, use of the annual tax free allowance, and Entrepreneur’s Relief. Non-domiciled taxpayers may also be able to claim the Business Investment Relief.
Capital gains within a company are taxed under Corporation Tax.