Accounting Service in London | Online Accountancy services

Tax

Accounting Help will help you with all aspects of tax. We can help you both on-line and off-line. Our tax services cover:

  • Registering  with the HMRC

    When you start-up a new business we can register you with the HMRC for VAT, income tax or corporation tax. We will also explain what your obligations are in terms of filing returns and record-keeping. We will, from the start, ensure that you are compliant with all the HMRC legislation.
  • Choosing the appropriate trading entity - sole trader versus partnership versus limited liability partnership versus limited company

    We will review your business and work with you to select the correct form of trading entity taking into account both operational and tax planning factors.
  • Specialist tax solutions for web, software and service companies that operate in multiple countries

    We provide specialist tax planning solutions for company’s o group’s that operate across multiple countries. These solutions are particularly effective where there is intellectual property or cross-border sales. 
  • VAT

    VAT is one of the complex taxes that businesses have to deal with. The rules are also changing on a frequent basis. As are result many businesses end up inadvertently overpaying or underpaying the amount of VAT due. We ensure that you are compliant with all the Vat regulations and pay the correct amount due. We can also ensure that you report correctly and on-time.

    The areas we can assist include:
    • Assistance with VAT registration
    • Advice on VAT planning and administration
    • Use of the most appropriate VAT scheme
    • VAT contol and reconciliation
    • Assistance with completing and submitting your VAT returns
    • Planning to minimise future problems with HMRC
    • Negotiating with Customs and Excise in disputes or investigations
  • Corporation tax

    Corporation tax represents a substantial cost to your company. We will work to ensure that you pay the minimum amount of corporation tax. We will also ensure that the correct information is provided to the HMRC on a timely basis, thereby avoiding fines and late filing penalties.

    We will:
    • Provide effective tax planning to ensure that you pay the minimum amount of tax
    • Prepare and submit all relevant corporation tax returns
    • Ensure that you take full advantage of tax planning opportunities and reliefs
    • Achieving the optimum capital or revenue tax treatment
    • Make the most of tax opportunities specific to your industry
    • Ensure that you are fully compliant with all the relevant tax legislation
    • Act on you behalf in discussion with the HMRC
  • Personal tax planning

    We offer a comprehensive personal tax service that is more than just filling in your tax return. Our team will guide you through the complicated rules and legislation that makes up the Self Assessment regime.

    Our personal tax service includes:
    • Preparation of all types of UK Self Assessment tax returns-from the basic to the complex
    • Preparation of self-employed and rental accounts to calculate the tax related profit/loss position
    • Capital gains tax calculations on sale of property, investments, business assets etc
    • Calculation of you tax liability (or refund)
    • Notifying you when any payments are due including payments on account
    • Correspondence with HMRC concerning your tax affairs, including checking PAYE codes and Self Assessment statements of accounts
    • Dealing with HMRC enquiries, investigations and compliance checks
    • Advice on how to legitimately minimise the tax you have to pay
    • Reviewing you personal and financial affairs to identify the impact of income tax, inheritance tax and capital gains tax and to establish areas where you may benefit from tax planning

Phone Accounting Help us on 020 8362 0704 or email us at info@accounting-help.co.uk to find out more about how we can help you with your tax needs.

Tax

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Tax Rates

Income tax2013-142014-15
Tax-free personal allowance (under 65)£9,440£10,000
Basic rate: 20%£0 - £32,010£0 - £31,865

Higher rate: 40%(dividends: 32.5%)

£32,011 - £150,000

£31,866  - £150,000

Additional rate: (dividends: 42.5%)

Over £150,000

(45%)

Over £150,000

(45%)

Capital Gains2013-142014-15
Annual Exempt Amounts for individuals£10,900£11,000
Corporation tax (rates for financial years starting on 1st April)20142015
First £300,00020%20%

Next £1,200,000

23.75%21.25%
Over £1,500,00023%21%

Tax credit on dividends (basic rate taxpayer)

10%10%
Approved HMRC mileage ratesFirst 10,000 business miles in the tax yearEach business mile over 10,000 in the tax year
Cars & vans45p25p

Motor cycles

24p24p
Bicycles20p20p

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