Personal tax help for the self-employed, individuals and landlords.
Personal tax help for the self-employed, individuals and landlords.
I have summarised the process of working together into 4 easy steps:
1 – Setup – Choosing a fixed-fee package to provide the support level you need. ID verification and HMRC authorisation.
To open the file I need details from you to verify your ID, as you would provide when opening a bank account for example. I then send you an engagement letter to sign. This sets out how we work together and the provision of information/etc.
I request HMRC authorisation to access details of your tax records. This is usually via a code they post to you for forwarding on to me. (If you are not registered with HMRC and don’t already have a UTR number then we would request this first.)
2 – Preparation – Preparation of the tax return and accounts according to the fixed-fee package level chosen.
3 – Agreement – Providing you with the tax return and clear computations setting out your liability. Explaining and agreeing these.
4 – Ongoing – Answering queries during the year. Reminding you of upcoming deadlines. Keeping you updated on tax changes.
I keep you updated about upcoming deadlines well in advance, so you can relax. You can also contact me throughout the year with any general tax queries you have. There is no need to worry about extra costs as queries are all included within the fixed-fee.
If you already have an accountant the only extra step would be for you to inform them of the change. I would then request professional clearance from them to transfer any relevant information across.
Discounts – are usually available in cases where we are completing multiple years together, for multiple family returns, or for reporting joint income on individual tax returns.
Payment – is normally made by bank transfer. You can also pay online securely by card or PayPal if you prefer.
Inflation – fees increase by an amount in line with inflation each tax year. I always aim to minimise the increases in times of excessive inflation. For example, annual inflation was over 10% in the 2022/23 year yet I only increased the fees by half this – 5%.
If you need help with submitting a personal tax return alone, to declare income or claim expenses.
For the self-employed / landlords. If you are keeping your own accounting records and require accounts.
If you have complex tax affairs, multiple income sources, and/or require bookkeeping
Calculation of the capital gain and estimation of the tax liability. To declare the gain on the disposal of a rental property to HMRC within 60 days of sale.
The Tax Return & Accounts Package includes one rental property or self-employment source. This charge is per additional rental property to add to the package.
Making Tax Digital for Income Tax is introduced from 2026 or 2027. Per quarterly submission to check and submit this to HMRC on your behalf. I will provide a MTD compatible spreadsheet for you to keep the digital bookkeeping records.
I operate fixed-fees, so you know in advance how much it will cost.
Please do visit the packages page to find out more about the choice of packages and the costs.
It is straightforward.
Please do visit the engagement page to see how we would start working together.
I have simplified the process into four steps, to make things easy to understand.
As well as qualifications, experience in helping businesses like yours is important.
When I founded my own practice in 2006, I had already spent 16 years building up my experience. I’ve run the tax department for a Surrey accountancy firm, and also worked with a big four firm over the years.
Since founding taxhelp.uk.com I have specialised in helping one person businesses.
Anyone can call themselves an “accountant”, even if they are not qualified.
I am dual qualified in tax and accounts. I’m also registered in practice with, and a fellow of, the ATT. The ATT is the oldest and largest professional body for UK tax compliance.
It is important to look for recognised qualifications when selecting an accountant.
Definitely – it is always much better to come forward to HMRC if you are behind than hope they miss you.
Penalties for not declaring income are much higher if you have not come forward on your own.
I have helped people who were several years behind get up to date in a matter of weeks. This also removes all the worry of not knowing what their liabilities could be.
Yes, it is also straightforward.
Please do visit the engagement page to see how we would start working together.
The only extra steps would be for you to inform your previous accountant of the change.
I would then request professional clearance to obtain any relevant transfer information.
Many small business owners make the mistake of trying to do everything themselves. Unfortunately, this could cost them significant time and money.
People usually underestimate the amount of time it will take… That time would be much better spent working on the business rather than in it.
Accountancy fees qualify for tax relief in the accounts, in effect reducing the cost to you.
With the regular changes in the tax regulations, they may also miss out on allowances and reliefs. Or could even claim deductions that are no longer available…
As a result, they could end up paying more tax by trying to do things themselves
Unfortunately, there can sometimes be confusion between a quote and an estimate.
My fees are actual fixed-fees rather than an estimate. My fees shown are also the actual total you pay. Many practitioners quote their fees excluding VAT. This could mean a nasty surprise if you had not realised this.
I specialise in helping small businesses who operate below the VAT registration limit. For them VAT added onto fees would mean an extra 20% cost to their business, that they were not expecting.