Personal Tax

Personal Tax Advice

Many individuals find it extremely challenging to understand how much tax they are expected to pay during the financial year – especially if they don’t have any previous experience in dealing with the accounting, tax and finance industry. That’s why hundreds of people are now utilising our personal tax advice service.

Whether you require assistance preparing and filing Personal Tax Returns or whether you need help registering for a Self-Assessment, our team of professional accountants are dedicated to ensuring that our clients receive the highest annual income possible, whilst paying the minimum amount of tax.

Our personal tax advice service

We offer a variety of personal tax services that can be tailored to the requirements of every individual. Our team can provide advice and assistance for the following areas of personal tax:

Rental property income

Rental property income is added onto other money earned throughout the year, from employment, so that your tax liability can be calculated. This income must be declared on an annual Self-Assessment, however, certain expenses can be claimed to offset your rental income and reduce your tax bill. Our team will ensure you pay the minimum amount of tax possible.

  • Self-Assessment registration

One of our skilled and experienced team members will assist you in registering for a Self-Assessment tax return and will ensure that all necessary paperwork is completed in compliance with HMRC regulations.

Tax advice and planning

Along with offering personal tax advice, our team can also help with tax planning. We use our extensive knowledge of available tax allowances to ensure our clients are only required to pay the minimum amount of tax.

Personal Tax Return preparation and filing

We will prepare your Personal Tax return in line with HMRC guidelines and submit it within the specified time frame to ensure you aren’t expected to pay and late submission fines.

Why choose us to provide you with personal tax advice?

Due to the fact that we have been delivering exceptional accounting and finance services to individuals and businesses for over 15 years, we have extensive knowledge when it comes to assisting individuals with every area of tax. All the personal tax services we offer are cost effective and will help you prepare your tax calculations and returns efficiently.

Furthermore, our dedicated team of professionals will deal directly with HMRC on your behalf, meaning that you won’t have to spend your time waiting in line to speak with one of their advisors.

Get in touch with a member of our friendly team today Limited Company Formation

Limited company formation is much simpler to carry out than it was several years ago. Instead of having to fill out several documents, send them to the relevant parties and wait for Companies House to approve the formation, the process can be carried out online in a matter of hours.

Businesses must register with Companies House and provide information about their organisation in order to register as a limited company. Accountants are able to complete the necessary forms and correspond with Companies House whilst you focus on other areas of your business.

The benefits of limited company formation

Having a limited company offers several benefits. Three of the main benefits include:

The company has a separate legal identity 

Limited companies have their own identity in the eyes of the law. This means that the business is separate from its directors and shareholders and has its own tax responsibilities and accounts. Having a separate legal identity enables directors to control all elements of their business without having as many financial responsibilities.

Tax benefits 

There are a variety of tax allowances that can be utilised by limited companies and will reduce tax liability. Because of our current knowledge of the accounting, finance and tax industry, our team have access to these allowances and will ensure that your organisation pays the least amount of tax possible.

Credibility 

Another benefit of forming a limited company is that many consumers deem your business as more credible. This is because of the professional impression that a limited company creates and it often builds a level of trust between the organisation and its clients.

Our limited company formation service

Although some people choose to register their business as a limited company without professional assistance, using an accountant can save you valuable time whilst ensuring that the formation is carried out correctly.

We have a skilled and experienced team of accountants that can incorporate your business with ease. Our team is committed to delivering exceptional services and utilise their knowledge of the industry to help you create your limited company.

Company structure advice

The structure of your business determines which tax allowances are available to you. Sometimes, becoming a limited company isn’t always the best option for your organisation. If this is the case and you are unsure on which company structure would be most suited to your business, our team are able to offer expert advice.

One of our accountants will discuss other company structure options with you and will advise you on the structure that we believe is the most suitable for your business.

Contact our team to find out more

If you would like to find out more about our limited company formation service or if you have some questions that you would like to ask a member of our team, please feel free to contact us today.

Email us at contact@vipuljogia.com and we’ll happily answer any questions you may have and provide you with further information about the limited company packages we have available.

If you have any questions you’d like to ask a member of our dedicated team, or if you are interested in finding out more information about the personal tax advice service we provide, please don’t hesitate to get in touch as we are keen to hear from you.

Call our office on 07932 809 774 or email us at contact@vipuljogia.com and we will happily provide you with more information about how we can help you and answer any questions you may have.