Personal Tax

Making the complicated simple

"I have a relatively complex personal tax set-up with multiple streams of income from different sole trader businesses.  Michelle wasn't phased by this and her vigelance and advice has saved me far more in tax than her fees have cost me."

Get in contact to see if we can help you and potentially save you money as well.

Personal Tax

The most common reasons that a tax return may be required are as follows:

  • You are self employed or a partner in a partnership
  • You are a company director
  • You have large amounts of savings or investment income
  • You own land or property that is being let
  • Your household receives Child Benefit and you have income in excess of £50,000
  • You have income from overseas
  • You have sold or given an asset away (such as a holiday home or some shares)
  • You’ve lived or worked abroad or aren’t domiciled in the UK

The staff at HM Revenue & Customs are not tasked to advise you on how to organise your affairs and minimise your tax. Therefore, if you want to make sure you are paying the right amount of tax, you should consult a professional.

750,000 people missed the Tax Return deadline of 31st January 2018 and were fined £100 late filing penalty. They risk further fines and penalties the longer the Return and payment is outstanding.  This is getting worse each year in 2021 1.8 million people missed the 31st January deadline partially due to the pandemic.

Don't risk it! Let M A Walker & Associates take away all the hassle by making sure your Self-Assessment Tax Return is completed correctly and filed on time to avoid penalties and fines.

We offer a complete Self Assessment Tax Return package completed by fully qualified accountants.

With the constant legislative changes to the taxation system it's no wonder that completing the tax return is a daunting prospect for many people.  With HMRC's 'Making Tax Digital' project this is just going to continue getting more complicated but you can rest assured that we are ready for the next set of changes.

We take the stress away by:-

  • Completing individual’s personal tax return with pension income, bank interest, dividends any chargeable events and letting income (if multiple properties would recommend Sole Trader Property Income & Expenditure Account).
  • Calculation of tax liability for the current tax year.
  • Adjustments for any payments already made on account towards the tax year under review.
  • Notifying you of your balancing payment/refund for the tax year under review and payments on account towards the next tax year if applicable
  • Submission to HM Revenue & Customs after approval
  • General correspondence with HM Revenue & Customs on your behalf.
  • Dealing with investigations by HM Revenue & Customs on your behalf*

*Any investigation work carried out incurs additional fees and will be discussed prior to undertaking

The fixed fee will be quoted prior to undertaking any work after discussion and analysis of the requirements. This is subject to change for future years dependent on business growth and the work involved producing the required documents.

For individuals in Torbay (Paignton, Torquay & Brixham), Totnes, Newton Abbot and surrounding areas of Devon we are happy to provide a pick-up service for your documentation. For areas further afield we are happy to receive your documentation either via post or electronic transfer.