Category: Services

Inheritance Tax is the tax payable either on the advent of a person’s death, or at the time of making a chargeable lifetime transfer. This service area includes the completion of all relevant HMRC returns. We will provide our clients with:

Under the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s payments and pass it to HMRC. The deductions count as advance payments towards the subcontractor’s tax and National Insurance. Contractors must register for the scheme. Subcontractors do not have to register, but deductions are taken from their payments at a higher rate if they’re not registered. If you are a contractor and no idea of what to do next, we are here to guide you the next steps in completing your … Continue reading “Contractors”

Accurate rental property accounting is essential for landlords seeking to evaluate their investments, prepare for tax obligations, and maintain meticulous financial records. Without a robust bookkeeping process for each rental property, it can be challenging to discern if a property is becoming too costly to maintain or to assess its profitability amid shifting market conditions. Managing rental property accounting need not be stressful, particularly with the appropriate tools and support. Taxguide Accountants can assist you in consolidating the tracking of … Continue reading “Rental Property Accounts”

A tax investigation is an official examination of your tax payments conducted by HM Revenue and Customs (HMRC), an authoritative body in the United Kingdom. As a governing authority, HMRC has the legal right to scrutinize your financial records, necessitating compliance with their requests. These requests may encompass a range of documents, including VAT information, evidence of PAYE payments, and details of income tax, among others. While this process can be intricate for HMRC, it often causes stress and requires … Continue reading “Tax Investigations”

We offer complimentary registration services for new businesses, including sole traders, partnerships, and companies with HMRC. Our registration process also includes enrolling your company with the Companies House. For individuals, we will manage the registration for self-assessment with HMRC. Upon registering your business, HMRC will issue an agent authorisation code that allows us to act as your agent. We will guide you in determining the most suitable business structure, whether it be a sole trader or company registration, based on … Continue reading “Business Plans”

You will be required to pay tax on any profit realized from the sale or disposal of an asset, including shares from a company. Disposal of an asset encompasses: Capital Gains Tax is applicable on total gains exceeding an annual tax-free threshold. Generally, no tax is due on gifts to your spouse, civil partner, or a charity. If you are in such circumstances and unsure where to begin, rest assured we can provide tailored advice to help you effectively plan … Continue reading “Capital Gains Tax”

We offer complimentary registration services for new businesses, including sole traders and partnerships with HMRC. For individuals, we will manage the registration for self-assessment with HMRC. Upon registering your business, HMRC will issue an agent authorisation code that allows us to act as your agent. We will guide you in determining the most suitable business structure, whether it be a sole trader or partnership based on your specific requirements. Our expertise extends to providing comprehensive tax advice to ensure that … Continue reading “Sole Traders and Partnerships”

A personal limited company, owned by an individual, is a distinct legal entity that provides personal liability protection. The company is accountable for meeting its tax obligations and fulfilling all statutory responsibilities. We will establish your own personal limited company, with you as the sole director and shareholder. Our incorporation service covers the registration of all pertinent taxes, including Corporation Tax, PAYE, auto-enrollment, VAT, and Self-Assessment for one or more directors. You will be required to open a dedicated business … Continue reading “Limited Companies”

The Self Assessment system is designed to gather Income Tax from individuals and businesses not subject to PAYE. It must be submitted to HMRC following the conclusion of the relevant tax year (5 April).  You may be required to file a tax return if you: If you find yourself overwhelmed with personal commitments or career responsibilities, we offer comprehensive services ranging from bookkeeping to ensuring timely tax return filing. Additionally, we provide valuable guidance on managing tax liabilities.