Tax Accountant in Surrey

Affordable fixed fee personal tax packages. Covering tax returns, self employed & rental accounts, bookkeeping and complex tax affairs. Making tax as easy as possible for clients since 2006.

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The taxhelp.uk.com February 2013 newsletter

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taxhelp.uk.com February 2013 newsletter

Now that the 31st January tax deadline has passed, it is a good time for planning.

There is no video this month, due to last week’s tax deadline, these will return next month.

With a couple of months before the end of the tax year, there is time to look at both tax and business planning.

Who do you know who missed the tax deadline?
If there is anyone you know, time is running out to avoid further penalties.

They will have already received a £100 fine for a late return form, however HMRC will add 5% to their tax bill at the end of February – without a return they won’t know if they have paid all their tax to avoid this surcharge.

After that, HMRC can impose a daily £10 fine for not submitting the return – this is due to legislation brought in last year, and we have already seen them applying these fines.

Please do refer anyone who may have missed the deadline, as the penalties can amount to £1600 or more.

Tax planning
The end of the tax year is a good time to review whether now is a good time to purchase new equipment, whether that is computers, vehicles or other assets that you will use in the business.

It can also be a good time to look at tax efficient investments, as both of these may reduce your tax liability for the year ended 5th April 2013.

Please do contact me if you would like to review any purchases you are thinking of making, there is time for planning before the end of the tax year.

Business planning
It is also a good time of year to look at potential growth opportunities for the year.

If there are any topics you would like me to cover in future text or video blogs, or if you have any queries please do contact me.

James

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Accountant in Surrey

Are you looking for a personal tax specialist?

I built up my tax experience in industry and practice over 17 years before founding my own practice in 2006.

Based in Cobham, Surrey I can also help clients throughout the UK.

  

My goal is to make personal tax and accounts for the self-employed as easy as possible for clients

 

Award-winning Accountant

Small Business Saturday is the UK's most successful small business campaign. Only one hundred of the UK’s top small businesses are selected each year for the SBS100. They act as trail-blazers in the official count-down towards the annual event.

I was one of the alumni from the 2014 Small Business Saturday 100, resulting in two visits to Downing Street.

In the Surrey Digital Awards from 2015 - 2018, I was also the winner of several top awards.

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