The self-employed, including partners in businesses, company directors, high earning individuals and those with sources of untaxed income, such as property rental income, have to complete annual tax returns (self assessment tax returns) and submit these to HM Revenue & Customs. Income tax payable is calculated based upon total income from all sources, after deducting any allowances and reliefs.
At Mapus-Smith & Lemmon we can prepare the most simplest return through to the most complicated.
Keeping accurate and up to date records is the key to income tax planning, this enables us to:
It is beneficial for all tax payers to submit their tax returns sooner rather than later as once the end of a tax year has passed often no tax saving measures can be identified.
Pre end of year tax planning can help identify measures to maximise tax reliefs and allowances such as:
No two taxpayers are the same and we base our recommendations upon your individual personal and businesses circumstances for the most beneficial tax outcome. Our team of Chartered Accountants, Chartered Tax Advisers and supporting staff can provide solutions even in the most complicated and specialist areas :
The latest news and expert advice from Mapus-Smith & Lemmon chartered accountants
New Dividend AllowanceRead more
Making Tax Digital - New Online Accounting Reporting Requirements From HMRCRead more
New Tax Rules For LandlordsRead more
Get Your Taxation Affairs In Order Undeclared IncomeRead more
23 London Road, Downham Market,
Norfolk PE38 9BJ
Monday to Friday 8.45am to 5pm