Completing a self assessment tax return can prove challenging. The burdens placed by seemingly ever-changing tax laws and increasingly harsh penalty regimes, means ensuring that clients’ tax affairs are properly managed and are up to date is more important than ever before.
Whilst there is the option for HMRC to compute tax liabilities, there can be no guarantee that it will be correct. This is often the case.
We offer a full range of tax compliance services for individuals, trustees, partnerships and companies, ensuring tax returns are correct and filing obligations are met. We provide an efficient and cost effective service and strive to save as much tax as possible by making use of all the reliefs and exemptions available.
Missing HMRC deadlines can result in penalties and interest being charged on late payments. In the current climate, HMRC is under pressure to collect as much outstanding tax as possible, and as a result they now take a much tougher stance on incorrect tax returns. Significant penalties can be charged for errors they regard as careless or deliberate. Should this result in an HMRC investigation, we will endeavour to bring the matter to a swift conclusion.
But it’s more than just compliance – the tax return preparation and review process enables us to identify planning opportunities which we can then discuss with our clients.