Because we deal with the day-to-day bookkeeping and accounting we should have all the information we need at our fingertips. So dealing with your tax returns should be straightforward.
All Sole Traders, Self Employed Contractors, Partners and Company Directors are required to submit a Self Assessment Tax return each year.
It’s vital that your tax return is received by HMRC before the deadline. Otherwise, penalties automatically arise and before long the amount owed can be greater than the original tax.
We’ll give you total peace of mind by looking after your Self Assessment Tax Return each year.
We’ll calculate your tax liability and make sure your Self Assessment is submitted on time.
As Your Virtual Accounts Office, we will have most of the information to hand that we’ll need to complete this quickly and efficiently
In addition to the Partnership Annual Return, we will prepare and submit an individual Self Assessment Tax Return for each partner (see above). Partners are responsible for paying their own National Insurance Contributions and tax on their individual share of profits.
Where a partner is a limited company, it will be liable to corporation tax on its partnership income.
For tax purposes, a Limited Liability Partnership (LLP) doesn’t differ greatly from an ordinary partnership
As Your Virtual Accounts Office, we will have most of the information to hand that we’ll need to complete this quickly and efficiently once the Year End Accounts have been finalised.
We can also look after the Self Assessment Tax Returns of the individual Directors (see above).
AccountsTeam will give your directors peace of mind and help you to keep your business focused on what you do best while we take care of your Corporation Tax and individual tax.