We ensure your personal tax return is completed accurately and submitted to HMRC on time. But managing your personal finances involves more than simply filing a tax return.
We work with you to understand all aspects of your personal finances. This puts us in a position to ensure you don't have to pay any more than tax than necessary – regardless of whether your tax affairs are very simple or rather more exotic.
We take the time to understand how your business functions and what future plans you have. Only by doing this are we able to provide efficient tax advice. We aim to put you in control of the size and timings of your tax payments.
We will use accounting data – whether compiled by you or us – to calculate the taxable profits from your business. This may be sole trader businesses for personal tax returns or Corporation Tax returns for companies.
In most cases, tax returns are compiled in conjunction with annual accounts. Each client is able to choose how much or how little of the accounts and tax return compilation they wish to outsource.
The profits from a sole trader business or a partnership need to be calculated accurately each tax year to ensure your personal Self-Assessment Tax Return is completed. In performing the necessary calculations, we are able to offer advice on ways to potentially save you money and reduce your tax liability.
We will calculate a company's tax liability for the financial year to ensure taxable profits are computed accurately and on a timely basis. We are aware that Corporation Tax liability needs to be established as early as possible for cash flow planning. In calculating taxable profits, we will look closely at the company's accounting data to identify areas where efficiencies can be made and we will offer practical solutions to save you money.
© Sophie Wheeler 2012 - 2104