Filling out tax returns on your own can be a daunting task. However, with the right tax returns accountants by your side, the process can be seamless and stress-free. Our team of experienced accountants in Bury is committed to helping individuals and businesses maximise their returns and minimise their tax liabilities. Whether you’re a small business owner or an individual taxpayer, our Bury professional accountants have tailored solutions for all your financial needs.
Why You Need a Tax Return Accountant
Filing tax returns isn’t just about submitting numbers to HMRC. It involves comprehensive financial management that requires expertise and precision.
Navigating Complex Tax Regulations
The UK’s tax code is extensive, and deciphering it is no easy feat. As regulations evolve and change, it becomes increasingly challenging to keep up. Tax returns accountants are specialists who understand these complex rules, and can help you avoid penalties by filing correctly and on time, take advantage of all deductions and reliefs available, and stay compliant with the latest regulations.
Maximising Tax Efficiency
Seasoned tax returns accountants know how to (legally) minimise your tax burden by structuring your finances strategically. This might include claiming allowable expenses for sole traders and limited companies, utilising tax reliefs like Research and Development (R&D) credits, and providing effective tax planning for future financial years.
Saving Time and Reducing Stress
Filing your tax return can be time-consuming and stressful. However, our tax returns accountants can manage the entire process for you, giving you peace of mind and time to focus on what you do best.
Personalised Advice for Every Client
No two clients are alike, and that’s why our Bury accountants provide tailored advice that addresses your unique financial situation.
Services Provided by Our Tax Returns Accountants
The professional tax returns accountants on our team can offer a broad range of services that cater to both individuals and businesses. Here’s a closer look at what they can do for you:
Self-Assessment Tax Returns
Whether you’re self-employed, a landlord, or have other sources of income, filling out a self-assessment tax return (and doing so correctly) is crucial. Our tax returns accountants can help you register with HMRC, complete and file your self-assessment accurately, and maximise your allowances and deductions.
Corporation Tax Returns
For limited companies, corporation tax is a major consideration. Our team will ensure accurate preparation and submission of your company’s tax return, identify opportunities for tax savings, and help with tax planning to improve future profitability.
VAT Returns and Compliance
Value Added Tax (VAT) is an essential aspect of business accounting. Our tax returns accountants can assist with registering your business for VAT, preparing and filing VAT returns, and advising on VAT schemes to ensure compliance and maximise savings.
Capital Gains Tax Planning
Whether you’re selling property or investments, capital gains tax (CGT) can have a significant impact on your finances. We provide guidance on calculating CGT liabilities, maximising reliefs - including Principal Private Residence Relief and Business Asset Disposal Relief - and structuring transactions to minimise your tax burden.
Payroll Services and PAYE
Managing payroll is an essential, yet often complicated, part of running a business. Our payroll services include processing payslips, tax, and National Insurance contributions, submitting Real-Time Information (RTI) to HMRC, and managing employee benefits, pensions, and expenses.
HMRC Investigations and Dispute Resolution
Being selected for an HMRC investigation can be a nerve-wracking experience. However, if it happens to you then our tax returns accountants will represent you, handle all communications with HMRC on your behalf, ensure your rights are protected throughout the process, and resolve disputes quickly and efficiently.
Estate Planning and Inheritance Tax
Inheritance tax (IHT) can significantly reduce the value of your estate. We offer estate planning services to help structure your will for tax efficiency, make full use of IHT exemptions and reliefs, and plan your estate to protect your family’s wealth.
Choosing the Right Tax Returns Accountant
Finding the right tax returns accountants is crucial for effective financial management. Here’s what you should consider:
Qualifications and Experience
Ensure that the accountant is qualified and has relevant experience in dealing with the types of tax issues that you’re likely to face.
Local Knowledge and Availability
Good local accountants will be familiar with regional regulations and economic conditions. Moreover, their general proximity and accessibility to you can provide quick support when you need it most.
Client Reviews and Referrals
You should also make sure to check client reviews and ask for referrals to gauge the quality of service that a candidate can offer.
Clear Communication
A good accountant communicates complex financial matters in a way that’s easy to understand, so look for those skills as part of your search criteria.
How Our Tax Returns Accountants Stand Out
At Accountants in Bury, we pride ourselves on providing high-quality local accounting services in Bury and the surrounding areas. Here's why our clients choose us:
Expertise and Specialisation
Our team consists of specialists in various fields of tax, accounting, and financial planning. We have Chartered Accountants (CAs) and Certified Public Accountants (CPAs), experts in corporate, personal, and VAT taxation, and more.
Personalised Approach
Every client receives a personalised strategy tailored to their needs, ensuring efficient tax planning and compliance.
Transparent Fees
We believe in upfront and transparent pricing. Our fees are competitive and designed to offer maximum value.
Proactive Support
From regular updates on tax legislation to strategic planning advice, our team provides proactive support to help you stay ahead.
The support of our expert tax returns accountants can make your tax season stress-free!
FAQs About Tax Returns Accountants
How can tax returns accountants help to reduce my tax liability?
Tax returns accountants identify all eligible deductions, reliefs, and allowances to ensure you only pay what you owe. They also provide strategic tax planning to reduce future liabilities.
When is the deadline for filing tax returns in the UK?
The deadline for paper self-assessment returns is 31 October, while the deadline for online submissions is 31 January.
What documents do I need to provide my accountant for tax returns?
Essential documents include income records (P60, P45, invoices), expense receipts, investment income, and any other relevant financial documents. The government has provided a comprehensive guide on record-keeping for tax returns too, which you can access here.
How much does it cost to hire a tax returns accountant?
Costs vary depending on the complexity of your tax situation. At Accountants in Bury, we offer competitive and transparent pricing.
Can I handle my tax return without an accountant?
Yes, you can, but hiring a tax returns accountant ensures that you maximise savings, avoid errors, and remain compliant with HMRC regulations.
Conclusion
Choosing the right tax returns accountants is crucial for effective financial management. At Accountants in Bury, our team of Bury professional accountants specialises in simplifying your finances and ensuring you receive the maximum return possible. If you’re ready to streamline your tax return process, connect with us on Facebook and schedule a meeting today to see how our local accounting services in Bury can benefit you.
Whether you're a sole trader, a company director, or an individual taxpayer, our Bury accountants are here to help you navigate the complexities of tax returns with ease.
Get in touch.
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