Say goodbye to tax headaches by working with our personal tax return accountants
Keeping track of the ever-evolving compliance laws around personal tax can be difficult for those running a business. And yet keep up they must – the penalties for even minor mistakes on tax returns can be hefty. But rather than pore over tax laws yourself, why not get robust personal tax advice from us?
Here to make the complex world of personal
tax accounting simple and stress-free for you
When it comes to personal taxes, our approach goes beyond merely ensuring compliance. We strive to optimise your tax position through intelligent strategies that align with your unique situation and goals.
We prepare comprehensive Self Assessment tax returns based on all your income sources, whether you run a sole proprietorship, are a member of an LLP, or collect rent on property. Not only are your deadlines met, but we also help you keep more of your money by advising you on exemptions or reliefs you are eligible for.
Moreover, our wealth of experience extends across different sectors, providing us with a deep understanding of specific tax issues related to various industries. So, if you’re a landlord grappling with property taxes, a sole trader concerned about income tax, or a freelancer navigating the complexities of IR35, rest assured we possess the specialist knowledge to utilise any sector-specific reliefs and schemes to reduce your tax bill.
For instance, our advice to landlords might include guidance on structuring property ownership, deducting allowable expenses, or understanding the implications of the restrictions on mortgage interest relief. We translate our expertise into tangible benefits for you, ensuring your tax position is optimised no matter what your line of work is.
Scope of our personal taxation services
As long-time tax experts, we’ll handle all the nitty-gritty on your behalf so you never have to worry about overpaying tax or missing a deadline. We can help you with the following:
- Completion and filing of relevant returns
- Advice on what payments are due and when
- Preparation and submission of annual tax returns
- Submitting a Self Assessment tax return (Form SA100)
- Advice on capital gains tax/inheritance tax/property tax
- Assistance with HMRC tax investigation, whenever required
- Advice on sources of untaxed income (such as earnings from abroad)
We’re committed to helping you succeed by handling individual tax planning on your behalf
Here’s what you get when you work with us:
Tax savings
Whether you’re filing personal returns as a business owner, a member of a partnership or a landlord, we help you take advantage of provisions and schemes specifically designed to aid in savings. We want you to retain more of your hard-earned money.
Comprehensive returns
Have multiple income streams, such as rental income, overseas earnings, dividends from shares, or profits from a side business? No problem, We make sure your returns are in ship shape condition no matter how many sources of income you have.
Never miss a deadline
Make a mistake in your personal tax accounting, however, and the penalties from HMRC can be hefty – even if the mistake was unintentional. Our efficient and affordable services ensure you’re always well ahead of the HMRC tax deadlines. Never pay late fees again!
Affinity Associates - Your beacon in the ever-evolving maze of taxes!
Harness your financial growth with personalised tax strategies that reflect your unique circumstances. Ready to receive personal tax advice? Book your complimentary consultation today!
- Email us at
- info@affinityassociates.com
Technological mastery defines us
And, if you have your own personal taxation software installed, we’re happy to work with that too.
Frequently Asked Questions (FAQs)
1. How do you come up with personalised tax-savings strategies?
Our seasoned personal tax advisors dig into your financial landscape to understand your earnings and spending patterns. We look at the bigger picture, considering factors such as your financial goals, investment plans, retirement aspirations, and any upcoming life events. This enables us to recommend a tax-saving strategy perfectly tailored to your situation. Whether it’s utilising tax reliefs, deferring income, or restructuring your investments, we find the best ways to minimise your tax liability. Contact us to find out more.
2. What types of personal tax services do you offer?
We offer everything from personal tax planning and advice to tax return preparation and submission. Our services also cover handling income from various sources, advice on tax deductions and credits, dealing with capital gains tax, inheritance tax, property tax, and advice on untaxed income such as earnings from abroad.
3. What documents and information do you require to prepare my personal tax return?
The documents we need will depend on your personal circumstances and sources of income. Typically, this includes details of your income, such as P60s, P45s, P11Ds, details of any benefits, dividend vouchers, bank statements, and details of any deductible expenses.
4. Do I need an accountant to manage my personal taxes?
No, having an accountant is not a mandatory requirement for managing personal taxes. Many individuals are capable of handling their own personal tax planning. However, it can be a complex and overwhelming task and you may miss some of the tax saving opportunities by simply not being aware of them. By utilising the services of a professional team like ours, you can ensure that all your tax reporting obligations are expertly handled. At the end of the day, you have someone to give you individual tax advice.
Client stories: Experiences that speak volumes
Matthew Loxston
Zoe Spicer
