What’s included in our Personal Finances Accounting package?
Tax returns can be time consuming and stressful. Gathering the necessary information is one thing, but then working out what to put in which field on the HMRC website is another. Their requirements change every year, and because you only do it once a year the whole experience is confusing and complicated.
The temptation can be to just fill it in and hope for the best. However, that can lead to errors and you may end up paying the wrong amount of tax. If this happens, it’s possible that you overpay and will be due a refund in the future. However, it’s also possible you have additional tax to pay and you then risk incurring a penalty from HMRC too.
When it comes to Personal Finances, we can assist with the following:
Personal Tax Returns
Expert knowledge to help you maximise the numerous tax allowances and reliefs that are available Many people find it time consuming and complicated to file their own personal tax return, and still ensure they only pay the right amount of tax. Whether you are a sole trader, in a partnership, a director of a limited […]
Capital Gains Tax
Taking full advantage of your allowances If you sell assets that have increased in value, then you are going to be liable for Capital Gains Tax on the profits. From personal possessions, business assets and property, to shares and investments, you need to make sure you are paying the correct amount of Capital Gains Tax. […]
In a Nutshell
At Essendon, we take the stress out of tax by ensuring your return is filed on time, reviewing your pension contributions and Gift Aid donations to help reduce your bill if you’re a higher-rate taxpayer, and calculating exactly what you owe. We’ll also guide you on payment deadlines and provide clear estimates of future liabilities, so you can plan with confidence.
Helping you now and in the future
Based in Milton Keynes, we regularly work with independent financial advisers, and we have many property clients and high net worth clients for whom we save money and stress every year. However, we also have many other personal clients who benefit from our knowledge and wisdom too. And we can help you as well.
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Start your journey with Essendon Accounts & Tax today
Call us on 01908 774320, send an email to enquiries@essendonaccounts.co.uk or fill out the form below: