Tax return services
We can help and advise you on all the following areas and many more:
- Income Tax
- Self assessment
- Capital Gains Tax
- Inheritance Tax
- Property income
- National insurance
- Savings and investments
Preparing your tax return can be quite a challenging task. We will not only help you with calculating your tax liability. We will also advise you on payment and submission deadlines. As a result, you will not be one of the hundreds of thousands of taxpayers who are penalised by HM Revenue and Customs each year for missing the deadlines. Or for submitting an incorrect tax return. In the past years, we have seen an increasing number of people who leave their jobs and become sole traders, or start their own companies. Because of that, instead of paying your tax via PAYE schemes, you are required to complete a tax return. Obviously not many people are tax experts, which is why the services of Adiva Accountants are required.
More than tax return - Tax planning
If you have to prepare a self assessment tax return why not use our professional advice and support. As a result, you will not only meet the compliance requirements. We will also optimise your tax position through professional tax planning. Tax planning is not just about trying to minimise the present tax liability. Most of all it is about evaluating the past and considering the future.
Before we advise you on the best business structure for you, we need to know what you have been doing in the last few years. This is helpful as if for example you have been a taxpayer and are now about to start your own business, it is possible to get tax rebates for income tax that you have paid in the last three years.
Capital Gains Tax
There are many transactions, such as the disposal of shares, sale of property or business that result in a capital gains tax liability. Thankfully, there are many reliefs available to lower the CGT bill or reduce it to Nil. Please contact us to discuss your liability to capital gains tax and to get professional advice about the tax reliefs available.