An accountant is an expert utilised by businesses and individuals for guidance and support with staying on top of their finances. This piece will focus on personal accounting. For further information on accounting for businesses, contact our experts today and enjoy a bespoke consultation based on the specifications of your company.
For many individuals, an accountant is an extremely helpful consideration if and when you need to file a tax return. For more information on tax returns, visit our helpful piece here! Tax returns are necessary if you are self-employed as a sole trader or as a limited company, as well as for any other untaxed income that should be declared. If you Pay As You Earn (PAYE), your tax declarations and payments are handled by your employer and are paid automatically from your wages.
In the UK, you can choose to file your Self Assessment tax return yourself, but we do recommend seeking advice from an accountant and enlisting them to file it on your behalf to ensure accuracy. Our accountants all have the AAT (Association of Accounting Technicians) qualification and can help you to claim expenses, calculate the tax you owe and even find ways to lower your tax bill with tax-free allowance claims. Contact our experts today to learn more about our personal accounting services.
Of course! We advise that you start a comprehensive spreadsheet to keep track of your taxable income and relevant expenses throughout the year in order to make your tax return more straightforward. This can be done on an Excel spreadsheet or Google sheet to keep things simple! Contact our team for more advice today!
We know that you have plenty to consider when you run a business, so we keep things easy for you. If you are interested in learning more about our services, simply leave us a message via our online contact form and a member of our accounting team will contact you to explain everything you need to know.