
Please do not ignore the yearly e-reminder/letter, from Companies House, to submit the Annual Return/Confirmation Statement for your Company.
Hi — I’m Eveline and I am the administrator/coordinator of the Limited Companies business team and this is one problem that we come across too often at Taxfile.
As a Director, you just need to confirm once a year that there were no changes to the company and, if there were any, you can update them via the annual Confirmation Statement. Taxfile will help and send you a reminder — and we can submit the statement for you if you wish. Either way, please do make sure you submit the confirmation statement to Companies House online and in time.
If ignored, Companies House will start Strike Off action some time after the statement becomes overdue. If you ignore their further communication, they will dissolve your company after two months of publishing in the First Gazette. This would result in your bank sending you notice that the business bank account has been frozen and your assets will stay with the Government.
Taxfile is able to restore your company and help retrieve the money, but this is quite a long and costly process that could so easily have been avoided. So, please don’t forget to submit the Annual Return/Confirmation Statement in due time each year, or arrange for Taxfile to do so for you. Call 020 8761 8000 or contact us here and we’ll be happy to help with anything to do with tax, accountancy, bookkeeping, VAT or anything else to do with limited companies.
This post was brought to you by Eveline at Taxfile.
Christmas & New Year Opening Times at Taxfile
/in 2021, 2022, Accountancy, Accountants, Accounts, Annual Return, Christmas, Limited companies, London, Opening Times, Self-assessment, Self-employed, Tax, Tax accountants, tax rebates, Tax refunds, Tax returns, Taxfile, Tulse Hill/by MarkSeason’s greetings to all our clients and readers and sincere thanks to all of you who have kept us busy with work during 2021 — we really appreciate it.
Here’s a quick reminder of our opening times during the Christmas period and into the New Year. This is for our Tulse Hill office (Thurlow Park Road) and our Dulwich office (Turney Road) except where otherwise indicated.
Have You Contacted Taxfile About Your Tax Return Yet?
If you need a self-assessment tax return or any other kind of return and haven’t yet arranged it with us, please arrange an appointment urgently. January becomes frantically busy in the accounting world, so please make the most of the remaining December appointments while they’re still available — thank you. Appointments are by telephone, Zoom, Microsoft Teams, in person (under safety protocols) … Read more
Taxfile Covers Clients for HMRC Enquiries
/in Accountancy, Accountants, Corporation tax, Fee protection cover, HMRC, HMRC enquiry, HMRC investigation, Payroll, Self-assessment, Tax returns, VAT, VAT returns/by MarkDid you know that Taxfile’s clients are protected from HMRC enquiries, for example for tax returns and similar submissions we make to HMRC? Through a simple, low-cost fee, Taxfile promises to liaise with HMRC on clients’ behalves should HMRC ever want further clarification of figures submitted. This includes HMRC queries following a tax return, VAT return, corporation tax return or payroll submission made by us. Usually, protecting clients from this type of HMRC investigation could mount up in terms of cost, as it can sometimes take hours to deal with, even for tax experts like us. However, with Taxfile’s low cost cover, it’s all covered automatically (within reason, of course*).
(VAT extra). Most accountants would charge you a considerable sum for this level of protection against HMRC enquiries. However, at Taxfile, we spread the cost through the whole business and, as a result, the cost to clients is a fraction of what it could otherwise be. We hope you agree that it’s a very small price to pay for such peace of mind, should the worst happen.
Tax Advisers & Accountants in Tulse Hill, Dulwich, South London & The South West
Do ask a staff member if you would like more information or, indeed, if you would like any tax or accountancy help. Telephone 020 8761 8000 or contact us here. We are Read more
Saturday Appointments in December – Book Now for Tax Returns Etc.
/in 2020, 2021, Accountancy, Accountants, Accounts, Annual Return, Self-assessment, Self-employed, tax rebates, Tax refunds, Tax return, Tax returns, Taxes, Taxfile, Tulse Hill/by Mark[Update for January 2022 available here]. Read more
Taxfile’s Autumn Newsletter 2021
/in 2021, Accountancy, Accountants, Accounts, Devon, Dulwich, Newsletter, Tax, Tax accountant, Tax accountants, Tax advice, Tax advisers, Tax agents, tax experts, Taxes, Taxfile, Tulse Hill/by MarkQR Codes
* If you’re viewing on a small screen, it may be easier to read if you download the newsletter as an Acrobat PDF so you can print it out at full size (A4). Read more
New 30-Day Rules for Capital Gains on Residential Property
/in 2020, 2021, 2022, Accountancy, Accountants, Annual exempt amount, Buy to let, Capital gains tax, CGT, Devon, Dulwich, Furnished Holiday Lettings, HMRC, Holiday lettings, Key dates, Land and property, Landlords, Lettings, property, Property investment, Self-assessment, South London, Tax, Tax advice, Tax advisers, Tax return, Tax returns, Taxes, Taxfile, Tulse Hill/by MarkNew rules have now come into force in relation to capital gains made on disposals of UK residential property*. Several key actions are now required if a taxable capital gain has arisen, including some that now need to be made fast:
Who Do the New CGT Rules Apply To?
The new rules apply whether you’re an individual, joint property owner, trustee, partner in a partnership or LLP, or a personal representative.
What Counts as a Residential Property Disposal?
The new rules apply to all UK residential property that was disposed of (taken as the date of the exchange of contracts) since 6 April 2020 inclusive, where a capital gain was made that will require payment of CGT.
To fall within the rules, a UK residential property must be one that:
It can be one in which the the owner has never lived or has lived for only part of the period they owned it. It can also be a rental property or a holiday home.
Where a property has been used for mixed purposes, only the capital gain that’s equivalent to Read more
Have You Received an Annual Return/Confirmation Statement Reminder?
/in Accountancy, Accountants, Annual Return, Confirmation Statement, Directors, Dulwich, Limited companies, Tulse Hill/by TaxfilePlease do not ignore the yearly e-reminder/letter, from Companies House, to submit the Annual Return/Confirmation Statement for your Company.
Hi — I’m Eveline and I am the administrator/coordinator of the Limited Companies business team and this is one problem that we come across too often at Taxfile.
If ignored, Companies House will start Strike Off action some time after the statement becomes overdue. If you ignore their further communication, they will dissolve your company after two months of publishing in the First Gazette. This would result in your bank sending you notice that the business bank account has been frozen and your assets will stay with the Government.
Taxfile is able to restore your company and help retrieve the money, but this is quite a long and costly process that could so easily have been avoided. So, please don’t forget to submit the Annual Return/Confirmation Statement in due time each year, or arrange for Taxfile to do so for you. Call 020 8761 8000 or contact us here and we’ll be happy to help with anything to do with tax, accountancy, bookkeeping, VAT or anything else to do with limited companies.
This post was brought to you by Eveline at Taxfile.
SEISS: The 5th & Final Round
/in 2020, 2021, coronavirus, Coronavirus, COVID-19, COVID-19, Pandemic, Pandemic, Partnership, SEISS, Self-assessment, Self-employed, Sole traders/by TaxfileHMRC has already started contacting possible eligible sole traders and partnerships for the 5th and final Self Employed Income Support Scheme grant announced by the Government last year.
HMRC’s online access for applications is due to open later this month (July) and the grant will cover the period 1st May 2021 through to 30th September 2021. You can claim the 5th grant if you believe that your business profit will be impacted by coronavirus between these dates.
This round of grants requires turnover calculations to be done by the applicant, following four stages to determine the two turnover figures required in the application and hence, how much they will be eligible for.
Harnessing Technology at Taxfile
/in 2021, Accountancy, Accountants, Accounts, Bookkeeping, Buy to let, Cab drivers, Capital gains tax, CGT, CIS, Construction Industry Scheme, Devon, Dulwich, Furnished Holiday Lettings, IHT, Income tax, Landlords, Lettings, Lettings income, Limited companies, Limited company, London, Partnership, Self-employed, Sole traders, South London, South West, Tax, Tax accountants, Tax advice, Tax advisers, Tax refunds, Tax returns, Tulse Hill, VAT/by TaxfileThe rapid pace of technological change has caused some of the biggest shifts in how we view and process our tax returns. At Taxfile, we’re constantly striving to use technology as effectively as possible to aid us in collecting, analysing, and collaborating when working on your personal data.
Over the pandemic, we’ve had to place our reliance even further on technology to maintain our standards, with regular meetings online. We’re constantly improving the efficiency of our work pipeline and, with the ability to pull figures directly from online bank statements, we can ensure precision in the numbers we present you with. For the last two years, we’ve implemented cloud technology as both a collaborative tool between our senior and junior staff and as storage for various databases used to track everything from employee working hours to the status of your tax return. We’re expanding further on this concept in collaboration with Pure Technology by merging our existing cloud systems with our current remote work solution to form one, all-encompassing workspace environment. Hosting it in the Microsoft Cloud ensures that, with the help of our office staff, your paperwork and bookings can be sent to and viewed by your tax agent as soon as possible. This and a variety of other endeavours are examples of our ambitions to be at the forefront of innovations, and constant review of our policies ensures we remain ahead, or on track, to meet the standards set by Making Tax Digital (MTD) for its 2023 launch.
Contact South London’s Favourite Accountant
Taxfile can help you with all your tax or accountancy requirements. We offer Read more
Workspaces Available at Taxfile Offices
/in 2021/by TaxfileDue to how COVID has changed the landscape of how Taxfile employees work, we now how some beautiful workspaces available at out studios situated at 11a Turney Road, SE21 8LX. We can offer desks and rooms for businesses to rent on a weekly basis.
If you are looking for a short-term or long-term inexpensive relaxed working environment then please don’t hesitate to contact us on 020 8761 8000.
Faiz from Taxfile – Helping the Community with Tax Problems
/in Accountancy, Accountants, Accounts, HMRC, Landlords, NI, NIC's, P60, Partnership, PAYE, Self-assessment, Self-employed, Subcontractor, Tax, Tax advisers, Tax affairs, Tax agents, tax experts, tax rebates, Tax refunds, Tax return, Tax returns, Taxes, Taxfile, Tulse Hill/by TaxfileHello; I’m Faiz Mazloumiar. I have been working for Taxfile since May 2005, mostly doing tax returns for subcontractors, self-employed individuals, partnerships and landlords. I specialise in helping clients who, for whatever reason, have fallen behind in their tax affairs, assisting in making disclosures to HMRC whilst trying to minimise the penalties imposed on them over the years. I always aim to put our customers first by calling HMRC to try to cancel recent years’ penalties, then I submit any outstanding tax returns. When I submit the tax returns I also do an appeal for older years’ penalties to be revoked. In many cases HMRC accept my appeals and clients get their money back for anything they have had to pay. I am always fighting for my clients and I have been known to battle on behalf of them for over a year.
I also help many people in our local community who are on PAYE but perhaps do not know if they are paying the right tax and NI contributions. It is a little like charity work. When people from the local community bring in their P60, I will check it and give them advice on how to contact HMRC and ask for a refund if they have overpaid. When new clients come with any problems, they are usually very stressed and anxious and sometimes don’t understand the intricacies of the UK tax system. We aim to help them with their tax problems, so they can leave us feeling relieved and a little happier. When I help clients they trust me and I have grown my client base only through recommendations. It is very exciting and satisfying for me to be able to help my clients and community as a whole.
Contact Taxfile, South London’s Favourite Tax Accountants
For any tax- or accountancy-related needs, contact us. We’d love to help! Call Faiz direct on 020 8655 7891 or speak to our main switchboard on 020 8761 8000. Alternatively message us your tax-related query here. We also offer a free 20-minute introductory appointment and this is available in person, through a video call (Zoom, Teams etc.) or via telephone — whichever you prefer. We are accountants and tax advisors in Tulse Hill, Dulwich, South London and Devon/Cornwall in the West Country.
This post was brought to you by Faiz at Taxfile.