Accountants tax returns / Accountants for self-employed

Accountants tax returns

Looking for an accountant to complete your tax return? We are expert tax accountants that look after the affairs of a wide spectrum of individuals that are required to file a tax return. If you are self-employed we offer business-level support and if you are an individual looking for either general tax support of more bespoke tax advice we have got you covered.

All of our fees below include general tax advice as well as the completion of your self-assessment tax return. This service is suitable for anyone that may require a tax return in the UK such as landlords, limited company directors and self-employed workers (sole trader and partnership).

As accountants for tax returns, we have a proven track record of saving you tax. Ask us about our business guaranteed health check!

Accountants for Self-employed

from £25+vat p/m turnover below 10k and £31 p/m turnover above 10k
Unlimited email and phone support
Annual meeting if required
Annual tax review
Access to a qualified accountant and tax specialist
Annual accounts preparation (over 10k t/o)

Please note that these fees do not include bookkeeping (we can advise you on this). Please also note that if you have any outstanding tax returns we will quote a one-off fee for this work. If you would like some more information on our fees please visit the business pricing page.

Individuals (non-business clients)

from only £14+vat p/m
Unlimited email and phone support
Annual meeting if required
Annual tax review
An initial tax review of your circumstances to ensure you are tax-efficient
Access to a qualified accountant and tax specialist

Please note that if you have any outstanding tax returns we will quote a one-off fee for this work.

Accountants Property landlords

only £25+vat per month (small additional fee for additional properties in portfolio)
Unlimited email and phone support
Annual meeting if required
Annual tax review
Access to a qualified accountant and tax specialist

Please note that if you have any outstanding tax returns we will quote a one-off fee for this work.

Who needs to complete a tax return?

There are many reasons you may need to complete a tax return with the most common being:

Sole trader/Self-employed
Company Director
A Partner
Annual income over £100,000
If you receive child benefit and income is over £50,000
Receive rental income
Other untaxed income

There are other reasons you may need to complete a Self Assessment tax return, if you are unsure then feel free to give us a call. Cheltenham Tax Accountants are one of the leading tax return accountants in Gloucestershire, as a result we are more than confident that by using our services you are in good hands.

Register with HMRC

If you have started a business HMRC request that you register as a self-employed person within 3 months of trading. We can take care of this process if you prefer.

FAQ’s

Q – I’ve just started a new business, do I need to complete a tax return?

If your income is more than £1,000 then you will need to complete a UK tax return. There is a trading allowance for self-employed people of £1,000. This means that you will not need to do a UK tax return for this sole reason if your income is within this amount. More information on the trading allowance can be found on the HMRC website.

Q – Can a landlord claim the £1,000 traders allowance with HMRC?

Yes a UK landlord can also claim the allowance. It is designed for small self-employed businesses and landlords to be taken out of the UK tax return system due to their simplified affairs.

Q – What if I have an income greater than the £1,000 allowance?

You are still entitled to the allowance (read the information on the HMRC link above). However, you will need to complete a tax return to report your business or rental income to HMRC.

Q – I’m a director, do I need to complete a tax return?

HMRC requests that all UK directors complete a self-assessment tax return. If you do not receive any untaxed income then it is possible for you to seek permission from HMRC to not file an annual tax return.

Q – I’m self-employed, do I need to complete a tax return?

Yes if you are self-employed and your turnover is greater than £1,000 you will need to complete a tax return. You may need to complete a set of accounts or an income and expenditure account (profit and loss for your business) in order to be able to accurately complete your tax return.

Q – What expenses can I claim on my tax return?

This depends on what sources of income you have. If you are a landlord with property income or you are self-employed either as a sole trader or in a partnership then you will be able to claim any relevant expenses that are wholly and exclusively for business purposes.

Q – I need some advice, can you help?

We would be more than happy to assist you with your tax affairs. Call us now on 01242 528412 to get started or you can arrange a meeting from our free meeting page.

To learn more about Cheltenham Tax Accountants and our face to face or Online tax Accountant services feel free to book a meeting above or visit our home page.

Q – Are you qualified accountants?

We are qualified accountants regulated by the ACCA, the Association of Chartered Certified Accountants. This is one of the leading accounting bodies in the UK and the world. We also have valid, up to date professional indemnity insurance.