Get the advice and support you need
Whether you require assistance with a personal self-assessment, a VAT return or a complex corporation tax return, our team of qualified & experienced accountants can help.
Unfortunately, taxation is a fact of life and, with a few exceptions, every UK resident individual and business is required to pay UK taxes to HMRC. All companies are required to file a tax return and many individuals will also need to file a return each year. In addition, employers need to consider payroll legislation and the associated monthly process and businesses which exceed the relevant threshold will also need to be aware of VAT and the quarterly filing requirements. There are opportunities to minimise tax that should be taken and penalties should be avoided.
Things to consider
Taxation legislation is continually changing and the volume of tax rules increases each year. Meeting the calculation and filing requirements, for even a simple return, can be a little daunting. Therefore, care will need to be taken and planning will be required. However, there is not need for the process to be stressful or difficult. Some of the things a taxpayers may need to consider are:
All companies must file their tax return online within 9mths after year-end,
VAT and payroll are also generally filed online each month or quarter,
There are penalties for late filings, late payments and errors,
Individuals may still file a paper return but usually also file online by 31 Jan,
Companies will also need to file a copy of the Statutory Accounts with the tax return.
Boxwood have been our accountants for a number of years and provide us with advice and support for our year-end Statutory Accounts and Corporation Tax Return. We have always found the team helpful and professional. They are always available to chat through any questions we may have and we no longer worry about getting our tax filed on time.
John at Bentley Consultancy Services Ltd
How We Can Help
Our team of accountants can help you with all areas of UK tax. Regardless of whether you have a complex corporation tax question or a comparatively straight-forward query relating to VAT or personal tax, our Boxwood team can help. We will be able to advise on tax savings opportunities and on deadlines, helping to avoid penalties. We ensure that all work is carried out efficiently and on time and our friendly & experienced team will always be available if you have any questions. Finally, we will always agree a fixed fee with our clients prior to any work being carried out.