Tax is one of the major worries for any businessman as there are penalties for late submission of tax returns, interest on late payments and also a general fear that … has it been completed correctly.
In addition to computing your tax liabilities we will also identify which sources of income need to be declared. We also make sure that you claim all available allowances and benefits and thereby reduce your tax liabilities & make the most out of any tax savings opportunities. We incorporate all required information in tax returns correctly this ensures that the tax man will be happy and no inquiries prevail.
As a registered agent, we can quickly and easily file your Tax returns online for you. We will make you aware about exact tax you need to pay in advance and that cash flow planning will give you a peace of mind.
You need to do a Self Assessment form if you do not pay tax on your salary through PAYE up to certain extent. Self Assessment tax return forms are issued every April, covering the previous 12 months (i.e. the tax year to the 5th April just passed).
In case of Self Assessment it is individuals' responsibility to complete their own Tax Returns and to ensure that they pay the correct amount of tax on time. Self Assessment applies to:
We can prepare your Self Assessment Tax Return, calculate your tax liability and submit this to HMRC. We will also advise you when you need to make your on-account (future) payments and how much they will be.
We can deal with your business's tax matters, such as income and corporation tax computations and preparing your partnerships and corporation tax return. We will also submit these online to HMRC to keep you at ease and peace.
Importantly, if your business is liable for Corporation or Partnership Taxation, you must calculate how much profit your business makes for each accounting period and how much tax is payable on those profits. This information must be reported to HMRC on a Corporation or Partnerships Tax Return forms and accounts & tax computations must be submitted to HMRC in support of the Return. Sending accounts in iXBRL format is a compulsory requirement in case of companies now. Our professionals are can deal with this expeditiously.
There are strict penalties for filing late Returns and interest is charged on tax paid late, so it is important that the deadlines, which are determined by your Company's annual accounting date, are adhered to.
The dedicated and qualified team of Professionals with us provides a complete service to deal with ongoing and annual Corporation Tax matters including:
The minimisation of a company's corporation tax liabilities can help maximise the amount of funds available to reinvest in the business or to return to the shareholders.
Capital Gains Tax is a tax on the profit you make when you sell an asset. Careful planning of capital asset disposals to utilise your annual personal CGT allowance is essential to minimise your capital gains tax liability. Any chargeable gains in excess of Capital Gain Tax allowance will be chargeable at Capital Gains Tax rates.
Capital Gains Tax has always been a complex area, however if you structure your affairs correctly in a lot of instances the gains can be deferred or mitigated.
We can calculate your Capital Gains Tax liability and advise on planning matters.
At Joshi Accounting Services we consistently offer our clients the best … when it comes to ideas, solutions and resources, and our tax planning service is no exception. We understand that you would like to keep as much as you earn and enjoy or pass on as much as you keep!
We offer our clients a range of tax planning ideas ranging from basic (but often overlooked) remuneration planning to complex bespoke tax arrangements to minimise the incidence of tax.
Think of us as your comprehensive cover against unnecessary tax!
We are happy to advise you on Taxation issues and planning matters.
With HMRC becoming increasingly aggressive in their approach to raising tax, many clients receive notification that their affairs are to be investigated
We undertake HMRC Investigation or Enquiry work and offer our clients the opportunity to have peace of mind against investigation or Enquiry at a competitive price.