Is completing your personal tax return or business tax returns overly taxing for you?
There are better things you could be doing with your time instead of performing activities that do not make you any money.
Taxes do not have to be taxing because you can use TaxFreeeman Accountants’ Tax Return Sevices to do the heavy lifting for you. We can focus on saving you taxes while you can focus on growing your business.
It is so much easier for you to focus on the part of your business that is making money and outsource everything else.
Let Taxfreeman Accountants help with your taxes?
The UK tax code is one of the most complex tax systems in the world. Many entrepreneurs and business owners find the process of completing tax returns very complicated and time-consuming, so it’s no wonder that almost 1 million people a year are fined for failing to file their tax returns at HM Revenue & Customs.
Worse still, one in four tax returns is calculated incorrectly and inadvertently paying more tax than is necessary. While on the other hand, others do not pay enough and are charged interest and fined.
Not filing tax returns, whether personal or business on time on time and in a proper manner can also lead to being fined. The fines are sometimes more expensive than the amount you would pay a good accountant to help you.
Penalties: HMRC doesn’t like excuses for not filing tax returns.
There is no acceptable excuse for missing the self-assessment tax return deadlines, irrespective of whether you owe HMRC anything or not. If you miss the tax return deadline, there are a number of penalties that could hit you hard:
£100 automatic fine for late filing even if you are only a day late,
£900 in penalties can accumulate over the next three months for non-action
£3000 for each year may be payable if you can’t provide the necessary records
Are all Tax Return Services created equal?
Some cheap accountants in London churn out accounts and tax returns at rock-bottom prices by allowing unqualified staff to work on your accounts. You may ask why they do this but the simple reason is that they do not treat your accounts as a high priority but instead as a training practice for junior staff to gain valuable training experiences.
While others submit your accounts to HMRC without double-checking the accuracy of the figures and that your taxes are presented in the most tax-efficient way leaving you to pay unnecessarily fine.
A few business people get caught out because they believe that all accountants are the same. They charge a low upfront cost, but then, later on, you are forced to purchase add-ons.
We regularly hear of horror stories where unqualified people, posing as accountants, set up websites and charge unrealistic prices to lure unsuspecting entrepreneurs that only considers price when selecting an accountant.
How can TaxFreeman Accountants help?
We know that it is tough to run a business by yourself, let alone be the legal, accounting and tax expert as well. In the world of business, as you know, there is always demands on your time and effort. You have to be able to wear different hats and budget your time effectively to keep your head above waters.
Some smart entrepreneurs have realised that it is much better to focus on what they are good at, growing your business and let the accountants do what they are good at, crunching the numbers and giving you the information necessary to make informed decisions.
Our accounting firm, Taxfreeman Accountants in Kingston Upon Thames, has a team of accountants whose job it is to sift through the very complex UK tax rules to get you to pay the least amount of tax allowable by law.
We help you with what you are good at, reading the number and revealing its secrets to you so that you can make better business decisions.
We can also help you by preparing the most straight forward self-assessment tax return that is simple for you to understand and appreciate.
Tax Return Services provided by the #1 Accountants in Kingston Upon Thames
At Taxfreeman Accountants in Kingston Upon Thames, we provide a full range of accounting, bookkeeping and tax return services to our clients to help them to save tax and grow their business:
Capital Gains Tax Returns
CIS Tax Return
Corporation Tax Return
Landlord Tax Return
PAYE Tax Return
Personal Tax Return
Self-assessment Tax Return
VAT Returns
Accounting and Bookkeeping Services
Additionally, we provide advice on different types of accounting and bookkeeping services that would greatly benefit our clients:
Bookkeeping
Management Accounts
Micro Entity Accounts
Full Set of Accounts
Cash Flow Projection
Business Plans
Finance Director Services
TAX Services
Tax Planning
Estate Planning
Registrations
CIS Registration
Company Formation
Confirmation Statement
Corporation Tax registration
VAT Registration
PAYE Registration
Pension Registration
How we can help with our tax return services
We advise on of expenses on what can be claimed and the most tax-efficient way to withdraw money from the business. In the UK anyone can call themselves an accountant, whether they have qualifications or not.
So, everyone at Taxfreeman Accountants in Kingston Upon Thames studied an approved accounting qualification offered by one of the recognised awarding bodies (AAT, ACCA, ICAEW).
All accounts are prepared by or under the direct supervision of a highly qualified accountant with many years of practical accounting, bookkeeping and tax experience.
How much does it cost to provide a high-quality tax return service?
Accounting firms charge different prices and offer different levels of service, some charge as low as £250 for a basic self-assessment service. We offer a fixed fee tax return service at a competitive price that can suit most pockets.
The accounting fees can be claimed as a business expense when preparing your tax return and be used as a business expense to reduce your tax bill.
Get in touch with us today.
Most businesses fail in the first five years and other struggles on until their final demise because they did not get proper business and tax advice. Be one of the businesses that succeed!
Accounting and taxes can be a real challenge, even for the most professional and experienced accountant to understand. Ask us the difficult questions that most accountants or tax consultants are afraid to answer. Request a free consultation today! Honestly, we won’t bite.
What to do next?
Let Taxfreeman Accountants in Kingston Upon Thames help with your tax return services including CIS, VAT and Self-assessment tax returns. Call today on 0208 638 7484
