At present all companies and partnerships, plus approximately ten million individuals must complete tax returns each year. We can assist with each of these.
For companies, we prepare the corporation tax computation and corporation tax return as part and parcel of preparing the statutory company accounts. We will notify you of the amount of tax due, the payment date and we will file the return with HMRC on your behalf.
For partnerships, we will transfer your business profits to the partnership tax return and allocate the profit between partners.
For individuals the tax return can be more complex with income and deductions coming from multiple sources. We will work with you to ensure that all the relevant information is picked up. We will calculate your tax and notify you of the liability and the payment date(s).
We will notify you of the amount of tax due, the payment date and we will file the return with HMRC on your behalf.
There is talk of the ‘death of the tax return’ but not all information will be automatically available to HMRC. There will still be information that will need to be provided (e.g. sole trader or partnership profits or rental income) and the figures that HMRC show on the digital statement will need to be carefully checked. We will be able to assist you with these tasks.