028 9335 0290
Speak to our experts on the phone now.
At MJ Kane & Co Accountants we take a very individual approach to our personal tax accountants service. We have a team of dedicated accountants with expertise in all aspects of personal tax who will ensure that your returns are filed accurately and on time, whilst ensuring that you are not paying any unnecessary taxes.
Often individuals don’t realise they are required to complete a self-assessment tax return. If you are a sole-trader or you have an income stream other than a PAYE job you may be required to complete a tax return each financial year.
Self-Assessment will take into account your total income, relevant expenditure and any tax paid during the year to assess whether any tax is due to HMRC. ‘It is important that you calculate this correctly and on time as failure to do so can result in complex amendments and potential fines and penalties.
Our specialist tax team can provide year-round advice on all aspects of your personal tax affairs from the completion of your annual self-assessment tax return to more complex issues involving, for example (but not limited to):
Sometimes you’ll be a little too close to the puzzle. An independent adviser can take a step back and view the bigger picture, helping you make sense of your situation.
Your personal tax adviser will be able to advise on a number of important issues, such as:
With our income tax return service, we remove the burden of administration from you and ensure that every deadline is met.
We can handle the whole process from, the production, compliance checks and submission.
Our inheritance tax accountant team can advise on arranging your own estate in a tax-efficient manner.
We will make sure that you are claiming all available reliefs and that your tax bill is minimised.
In addition to the personal tax advice offered, we also provide a bespoke service to those of our clients wishing to make savings across their entire financial activity.
What do I pay tax on?
When do I pay my income tax?
The tax year runs from the 6th April to the 5th April the following year.
The first payment on account for the tax year ending the following 5 April is due on the 31st January.
If you have a second payment on account due for the tax year ending the previous 5 April it is due for payment on the 31st July.
It is worth remembering that not everyone has to pay these payments on account.