Your Tax Shop will always provide a service tailored to your financial situation. You won’t need to worry about a thing. Our experienced team will complete your Self-Assessments and can review your PAYE codes if needed. If you feel that you’ve been stung with an unjustified tax bill or penalty, we can help.
Completing your Self-Assessment Tax Return can be a complicated and lengthy process and whatever you submit to HMRC has to be 100% accurate. People often sit down to do their tax returns in the small hours days before the deadline and inevitably this leads to mistakes which in turn can mean more stress and a further headache .
Here at Your Tax Shop we offer a valuable service which takes the weight away and as such we can prepare, complete and submit your self-assessment return for on your behalf. You can even sign it electronically so that there is no paper involved at all.
We guarantee that your Tax Return will be submitted by the due date as long we receive your information with enough time to spare, which means that you have no need to worry about late payment penalties.
We help 100’s of landlords across the UK every year, and are fully-aware of the evolving buy-to-let tax relief changes. Our team can help you manage your rental income compliantly, making sure that you don’t miss out on entitled tax benefits and allowances.
We provide financial planning and advice for high earners to help them manage and maximise their earnings effectively. As part of this service we will regularly check any PAYE codes issued by HMRC.
Employee Expenses, PAYE Codes and Ongoing Support
Our team can also help you with ongoing employee expenses and benefits,help you to understand HMRCs PAYE codes, whilst providing you with ongoing support throughout the financial year.
In addition to small business taxes such as Corporation Tax or Self Assessment, we can also advise on minimising Capital Gains Tax. This can occur if you sell your business, second home, or another asset. Capital Gains Tax can be saved and sometimes avoided with the correct planning. You may need advice on the tax structure on the sale of part or all of your business whether an outright sale or an ‘earn out’. Second homes and, in particular, the sale of rental properties are areas requiring careful tax planning and understanding of the complex Capital Gains Tax regulations.
The need to understand, reduce, plan , or eliminate Inheritance Tax can be so important and effective planning can save money for your beneficiaries and help preserve the family business in the event of your death. There are numerous allowances to reduce potential IHT, which may arise. There are also many ways to reorganise your affairs with different business structures. We can help you make the right decisions before its too late.
There are many factors to consider in deciding if you are caught by the notorious IR35 legislation. Fundamental factors to consider:
• The right to get a substitute or helper to do the job
• Mutuality of obligations
Other factors to consider:
• Provision of equipment
• Financial Risk
• Basis of Payment
• Opportunity to profit from sound management
• Part and parcel of the organisation
• Right of dismissal
• Employee benefits
• Intention of the parties
• Length of engagement
These are often matters of general employment law, and not specific tax legislation but we can help you to review your existing arrangements.