Personal Tax Returns
At Accounting Solutions Manchester, we have a proven track record of reducing our clients’ tax liability by truly understanding their business. Our comprehensive service goes beyond simply preparing your self-assessment tax return. We diligently review your finances to identify potential expenses and reliefs that you may have overlooked, ensuring that you claim every benefit you are entitled to.
Reduce your personal tax liability
When we have taken on a new client it has been very rare that we have not been able to further reduce their tax liability. We do this by simply taking the time to understand their business. Such savings have come as a result of expenses or reliefs that the client was not aware that they could claim.
As part of our service, we will check your self-assessment tax return to see if any further tax savings can be made, after which we will review the form to see if there are any areas of concern that need to be addressed before submitting the return.
We are here to help you
Our attention to detail minimises your risk of a HM Revenue & Customs inquiry into your tax affairs. If you are experiencing cash flow problems, we can explore the possibilities of deferring your tax payments.
By giving you a fixed, competitive price, we can take the worry away when it comes to self-assessment tax returns; allowing you to focus on running your business.
What we will do for you
- We will claim ALL allowances, relief and expenses that you are rightfully entitled to
- We will calculate your Tax Liability
- We will file your Personal Tax return directly with HMRC
- We check your return to reduce the risk of a HMRC enquiry
- We will prepare your tax return efficiently and accurately
- We will discuss the tax that is payable including due dates
- We will provide unlimited support – throughout the year
Feel free to reach out to us today and start saving money. Call 0161 879 7175. Our team is available to assist you and would be delighted to have a conversation with you!
Personal Tax Returns Frequently Asked Questions
Whether you’re a small business owner or an individual, our team is ready to assist you in managing your finances effectively. In this section, we have compiled some of the most commonly asked questions about our services related to personal tax returns to help you gain a better understanding of what we offer.
Feel free to explore and discover how we can support you on your financial journey.
The deadline for filing your personal tax return in the UK is usually on or before January 31st following the end of the tax year.
If you miss the deadline, you may be subject to penalties and interest charges imposed by HM Revenue & Customs (HMRC). It is important to file your tax return on time to avoid these consequences.
If you are self-employed or work from home as an employee, you may be able to claim certain expenses related to your home office, such as a portion of your utility bills and internet costs. However, specific rules and criteria apply, so it’s best to consult with a tax professional for guidance.
The documents you may need for filing your personal tax return include:
– P60 form (if you are employed)
– P45 form (if you changed jobs during the tax year)
– Self-employment income records (if applicable)
– Bank statements
– Investment income statements
– Rental income records (if applicable)
– Expenses receipts (if applicable)
Yes, you can claim tax relief on charitable donations through the Gift Aid scheme. This allows charities to claim an additional 25% from HMRC on top of your donation. Keep in mind that you need to have paid enough tax to cover the amount being claimed.
If you’re experiencing cash flow difficulties, you may be able to explore options for deferring your tax payments. Contact us to discuss your situation, and we can help assess if you are eligible for any available deferral arrangements.
If you discover an error or omission on your submitted tax return, you can make amendments by filing a revised return. However, it’s important to act quickly and notify HMRC as soon as possible to avoid potential penalties.
If HMRC decides to conduct an inquiry into your tax affairs, it is essential to cooperate fully and provide all requested information and documentation. Having accurate and well-documented records can help support your case during an investigation.
If you have any further questions regarding your personal tax return or would like to speak to one of our accountants for friendly advice and support, please get in touch today.
Don’t miss out on your potential Tax Savings
When you choose us for your personal tax return needs, you can trust that we will handle every aspect of the process with utmost care and precision. From preparing your return efficiently and accurately to filing it directly with HMRC, we ensure that all necessary steps are taken to meet your tax obligations.
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Let’s get started today
For a Free no-obligation consultation with our Manchester accountants, contact us today.
We’ll answer any questions you may have to help you make the right decision for your business.