Tax services

PERSONAL SELF ASSESSMENT

Many taxpayers readily admit that they do not understand the complex tax returns and therefore fail to complete them correctly. In the first year of the self-assessment scheme alone, 775,000 taxpayers received £100 penalties for failing to submit their returns on time, and some 400,000 incurred further penalties because their returns were still outstanding six months later!  From the 2011/12 tax year onwards, even if you have no tax to pay at the 31st January deadline, if you return is filed late you will incur a late filing penalty.

 

The constant changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.

 

We can save you a lot of time, worry and money by handling your self-assessment for you. We will do all the necessary computations, complete your return, and maybe more importantly, offer advice on how you can minimise your tax liability.

 

We will calculate your tax payable and advise you accordingly in order for you to make payment by the Inland Revenue deadlines. We will also explain how the tax is calculated and when you should expect to pay your next instalment of tax.

 

We can act as your agent, dealing directly with the Revenue on your behalf and, should you be selected for a self-assessment enquiry, act for you at any meetings.

 

TAX PLANNING

 

With the tax regime becoming more complex and more emphasis being put on taxpayers' individual responsibilities, everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet all the compliance requirements.

 

We can provide you with year round tax advice on; Income Tax, Capital Gains Tax, Inheritance Tax, Construction Industry Scheme and Corporation Tax.

 

PAYROLL BUREAU

 

It is often uneconomic for small to medium sized businesses to prepare their own payrolls and to deal with the ever-increasing burden of PAYE and NIC regulations. The time constraints are becoming increasingly more onerous and the penalties for incorrect processing are now severe. We can provide help and assistance where required by our bureau payroll service. With the onset of RTI (Real Time Information) from 6th April 2013, it has become even more important that your PAYE reporting is processed correctly.  We can provide you with:

 

* A fully RTI compliant complete system

* Monthly or weekly payrolls with PAYE remittance details.

* Fixed or variable rates of pay, bonuses and overtime, SSP and SMP.

* Directors National Insurance, Class 1A, etc., including completion of P11D’s

* Full end of year service including P14's, P60's and P35 all filed online to receive Revenue benefits.

We are located at:

Unit 8

Old Forge Court Colchester Road
Elmstead Market
Essex
CO7 7EA (behind FV Conservatories)


 

 

Contact us today!

If you have any queries or wish to make an appointment, please contact us:

 

+44 1206 820321 +44 1206 820321

suzanne@howlettaccounts.co.uk

 

We always try our best to meet out clients' needs and we understand that in order to fit in with your business hours, evening or weekend appointments are sometimes more suitable. 

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