Personal Tax

We Offer Personal Tax Services Tailored to You

At Gro, we aim to make your personal tax affairs as simple and stress-free as we can. We help individuals who are self-employed, a director of a limited company, or have rental or other taxable income, and more, with our team of tax experts here to make sure your personal tax obligations are managed effectively.

Why Choose Gro Profit First Accountants for Your Personal Tax Needs?

Accuracy, compliance, and tax efficiency are paramount when it comes to handling your taxes. At Gro, we ensure that your taxes are filed on time and accurately and help you plan strategically to reduce your liabilities.

Our team has a very proactive approach, so clients benefit from knowing how to stay ahead, avoid penalties, and save money wherever possible.

We believe that personal tax services should do more than just ‘tick boxes’ – they should provide you with certainty and peace of mind, knowing that your taxes are minimised where legally possible and that everything is handled by experienced professionals.

Our Personal Tax Services Include:

1. Self-Assessment Tax Returns:
   • Completing a self-assessment tax return is time-consuming. Our team will handle the entire process start to finish, so your return is accurate and submitted well before the deadlines.
   • CTA can help you manage everything from registration to filing, guiding your every step.
2. Tax Planning & Advisory Services:
   • We don’t just help you stay compliant; we help you be tax-efficient. Our tax planning services are designed to minimise your tax bill, allowing you to keep more of what you earn.
3. Capital Gains Tax (CGT):
   • If you’ve sold a property or shares recently, you might need to pay capital gains tax. We can help you understand your obligations and explore smart ways to minimise them.
   • Our team offers comprehensive CGT planning, ensuring that you’re fully compliant while paying as little tax as legally possible.
4. Rental Income Tax Services:
   • Managing rental income is tricky, particularly when it comes to declaring everything correctly and keeping HMRC happy. Our team will help you manage and declare rental income, identify deductible expenses, and stay compliant with HMRC’s requirements.
   • If you need a local tax accountant to help you with rental income and associated tax obligations, Gro can ensure you get the most out of your property investments.
5. Tax Investigation Protection:
   • With Gro, you can sleep easy knowing you are protected. Our tax investigation insurance covers you in the unlikely event of an HMRC enquiry or inspection, ensuring that you won’t be hit with unexpected costs.
   • If there is an HMRC investigation, our insurance covers the cost of representing you, allowing us to handle everything while you stay stress-free.

Who Will Benefit From Our Personal Tax Services?

Our personal tax services are suitable for a range of individuals, including:

• Sole Traders and Self-Employed Individuals: If you’re self-employed and need help managing your tax return, we provide support to keep your finances in order.
• Company Directors: As a company director, you have specific tax obligations that require careful management. Our team will guarantee that your self-assessment is filed correctly and on time, making the process simple and stree-free.
• Rental Property Owners: If you receive rental income, our team will help you declare this correctly and take advantage of allowable deductions to reduce your tax bill.
• Investors: Have you recently made gains from selling a property or shares? Our expertise in CGT means we can guide you through the entire process, from calculating your liabilities to filing your return.

How Our Services Work

• All-Inclusive Packages: If you take one of our full accounting packages and you’re a business owner, we will include your personal tax return as part of your monthly fee. This means you don’t need to worry about keeping on top of things separately-your entire financial picture is looked after in one place.
• Standalone Tax Return Services: We also offer standalone tax return services for individuals. Our fees start from £250 + VAT per year for simple tax returns, up to £500 + VAT for sole traders (excluding bookkeeping). If your turnover is above £80,000 or you are VAT registered, we recommend a more holistic discussion about your needs to ensure we’re giving you the best service possible.

The Benefits of Using Gro for Your Tax Returns

• Peace of Mind: Filing your own tax return means you could make costly mistakes without even realising it. Our team has the expertise to ensure your return is correct and your tax bill is minimised.
• Local Expertise: If you’re searching for a local tax accountant Gro is here to provide personal, 1-to-1 support. We understand the Gloucestershire community and the specific challenges faced by individuals in our area.
• Qualified Professionals: Our team is made up of certified and chartered accountants with extensive experience in all types of personal tax matters.
• Tax Investigation Insurance: Included in most of our packages, this gives you peace of mind that if HMRC comes knocking, you’re covered.

Contact Us Today and get a no-obligation free discovery call to find out more about our personal tax services and how we can help you stay on top of your finances.