At Sence Accounting we can support your business with the preparation of Corporation Tax Returns and Personal Tax Returns for Directors. We also provide a stand-alone Personal Tax Return for individual clients.
Personal Tax Returns
Personal taxation is becoming increasingly complex despite HMRC’s efforts to simplify it. Legislation is changing at a pace like it’s never been known before and it isn’t likely to slow down any time soon so with their best efforts of encouraging individuals to be responsible for their own taxes, it is almost becoming more vital that everybody has a trusted qualified accountant by their side to help them do this.
Whether you are an investor, pensioner, widower, business owner, director, shareholder or landlord individual taxpayers are responsible for ensuring that they have completed their self-assessment tax return accurately and on time as needed.
A self-assessment tax return brings a persons income and earnings from a whole array of sources, dependent on circumstances. It then shows how much tax you need to pay to HMRC depending on levels and types of income, applying all the rules every step of the way. A self-assessment tax return brings together:
- Income Tax
- PAYE & NIC
- Student loan repayments
- Higher Income Child Benefit Charge
- Capital Gains Tax and;
- Foreign Tax
HMRC can launch an investigation into the tax or VAT affairs of any business or individual. You could face a substantial bill for the professional fees of an accountant to support you with providing information, even if you have done nothing wrong.
Corporation Tax Returns
Corporation Tax is the tax that is paid by a Limited Company based on the profits it makes in its accounting period. It is something many business owners and/or directors are unfamiliar with. They will be aware the company has to pay something but don’t know much more than that. Like all the other taxes, it comes with its own set of rules and reliefs and things are constantly changing.
It can be daunting not knowing what is allowable for relief against tax and what isn’t and again this is enough of a reason to ensure you have a trusted accountant on board with you.
When your accounts records are tidy, tax planning is a service that we offer to help a business be as tax efficient as possible.
If you’re a start-up business, you may not know anything about Corporation Tax. If you’re an established business, you may know a bit about Corporation Tax but not be up to speed with rule changes.
A Corporation Tax return can combine area such as:
- Trading profits and or losses
- Capital Gains
- Investment Income
- Foreign Income
- Capital Allowances
- Research & Development claims
- Patent Box
At Sence, it our job to help you complete these Corporation Tax Returns accurately and on time to comply with HMRC.
HMRC can launch an investigation into the tax and VAT affairs of any business or individual. You could face a substantial bill for the professional fees on an accountant to support you with providing information, even if you have done nothing wrong.
At Sence Accounting, we offer a tax protection policy that covers you up to the equivalent of £100,000 towards our professional fees resulting in us having to assist with a HMRC enquiry.
- Peace of mind knowing your tax calculation is correct
- Peace of mind knowing we will deal with HMRC on your behalf
- Support there for when personal circumstances change
“Sence Accounting came highly recommended to us and have proved why they have such a good reputation. Anna and the team have always been very helpful and guided us through anything we were not sure of. Amy comes to our office to carry out bookkeeping duties and is always professional and fits in well with our team. I would recommend Sence every time.”Mr KMCNovember 2019
“My business has changed considerably since joining Sence, during this period they have guided and supported us throughout this growth, critically advising us as our needs have changed. From tax planning, variance analysis and external payroll services there is a wealth of advice and support that we have used and will continue to draw upon.Mr XAugust 2019
We can't fault the professionalism and personal touch that Sence provides a business like ours and can highly recommend them to any business no matter how big or small they are.”
"One of the biggest positives for me about working with Sence is that I can trust them to do what’s right for me. I’m only a small business but they have my best interests at heart, nothing is too much trouble & there are no silly questions. I know that my accounts & self-assessment tax return will be filed in plenty of time. It is very clear that Anna & her team have a passion for helping businesses all shapes & sizes."Mrs LVMay 2020