Self-assessment | Taxfile

TODAY is the deadline for submission of your tax return. Contact Taxfile for help filing & avoid a minimum £100 fine!

10 DAYS to the Self Assessment Tax Return Deadline!

January 31, 2017/in 2015, 2016, 2017, Accountancy, Accountants, Deadline, HMRC, Key dates, Late return, Online returns, Self-assessment, South London, Tax accountants, Tax advice, Tax advisers, Tax determination, Tax returns, Taxfile, Tulse Hill /by Mark

There are just 10 days left in which to file your Self Assessment tax return with HMRC. Miss the deadline (11.59pm on 31st January 2017) and you’ll straight away be in for a £100 fine from HRMC, so don’t delay — contact Taxfile TODAY to book an appointment with one of our helpful tax advisors and accountancy experts.

We’ll make filling in and filing your tax return a breeze and what’s more, we’re currently open 6 DAYS A WEEK from now until the end of January (Saturday mornings by appointment). Don’t leave it to the last minute, though, as there is always a bottleneck for those who do — so come in as early as you can this week.

It doesn’t matter if you have zero tax to pay – you still need to submit your tax return on time! You also need to have paid HMRC any tax due for the 2015-16 financial year by the same 31 January deadline.

So get our professional help with filing of your tax return — you can book an appointment online, drop by the Tulse Hill shop to book one, send us an email message via our contact form or, better still, simply call us on 0208 761 8000 and we’ll book you in and help sort out your tax return accurately and on time. Don’t delay — time is quickly slipping by!

This Week Only – Beat the Tax Return Price Increase!

December 28, 2016/in 2016, 2017, HMRC, Self-assessment, Tax return, Tax returns /by Mark

Beat our 2017 price increase and get your tax affairs in order before the January rush by coming in to see Taxfile for your Self Assessment tax return before December is over.

It might be Christmas week for many but our staff are ready and waiting to help you get your figures correct and to fill out your tax return for you before the January rush. When complete, we’ll submit it to HMRC for you so you can relax for the start of the New Year, avoid any bottlenecks AND save money.

During January some of our prices will increase just a little, as forewarned in our previous post. This is simply to cover some of the overtime and extra hours that Taxfile staff will need to work during January, our busiest time of year, covering all the last minute tax returns. But don’t leave it until January — book an appointment with us during the remainder of December and you’ll save! Call 0208 761 8000 or book an appointment online here.

It’s Time to File Your Self-Assessment Tax Return!

November 22, 2016/in 2015, 2016, Accountancy, Accountants, CIS, Construction Industry Scheme, Deadline, HMRC, Self-assessment, Tax, Tax return, Tax returns, Taxfile, Tulse Hill /by Mark

If you haven’t already done so, you need to file your Self-Assessment Tax Return* very soon. However, don’t leave it until January or it’ll cost you more! Think more in terms of sorting it out right now — as time is of the essence! And don’t forget, you need to submit your tax return irrespective of whether you owe any tax.

Beat the January 1st price increase!

If you need professional help filling in and submitting your tax return, contact us here at Taxfile during November or December — ideally well before Christmas — and you’ll beat our price increase that kicks in on January 1st. Why the increase? Because we have to open for extended hours and pay overtime during January to cope with all the tax returns that have been left to the last minute. So the message is avoid bottlenecks, save money, and reduce stress by contacting us now.

We also do tax refunds (including CIS), bookkeeping & accountancy work

We can also help you with your CIS tax refund application if you’re a sub-contractor working in the construction industry — if you act fast you might even Read more

Big Changes Coming to the Tax System

November 21, 2016/in 2016, 2018, Accountants, Accounts, Bookkeeping, Buy to let, Cash basis, Digital tax accounts, HMRC, Income & Expenditure, Landlords, Limited company, London, Pay as you go, Records, Self-assessment, Self-employed, Sole traders, Tax advice, Tax returns, Taxfile /by Mark

Starting on 1 April 2018, a brand new tax system, one that will affect most business owners in the UK, will begin to roll out. Whether you’re a landlord, are working for yourself as a sole trader or have a limited company, the changes will affect you.

So what’s happening?

Instead of a once-a-year tax return, HMRC will require quarterly profit and loss information. So, that’s four times a year. For Taxfile clients, that means we’ll need to know all your income and expenses during every quarter so that we can make the necessary financial data available, on your behalf, to HMRC. As well as your bank statements, we’ll need to see receipts for the expenses, whether they’re provided physically or via a suitable electronic medium (there are plenty of apps and software packages for this purpose). Once we have everything for the quarter in question, we will be able to make sure that you’re claiming for all the allowable expenses that you are eligible for and aren’t claiming for things that you shouldn’t, so that your figures are absolutely correct.

If you don’t file in time there could be an HMRC penalty, so letting Taxfile handle your quarterly reporting will help to keep you on track seamlessly when the new changes come into force. We’ll be able to confirm our own pricing nearer the time but it’s likely to be circa just £75 per quarter, excluding VAT.

A ‘cash basis’ system

The new tax system will be known as a ‘Cash Basis’ system and will also allow tax to be paid to HMRC on a pay-as-you-go (PAYG) basis. Essentially, it means that businesses need only calculate their profits based on receipts and payments, which is far more straight forward than the more complex system that currently exists. When integrated into the Government’s new ‘digital tax accounts’, the system will really help to simplify tax, make budgeting and cash-flow easier through near real-time reporting and eventually remove the need for the traditional tax return at the end of the year — that’ll eventually be the case for virtually everyone. As an added bonus it’ll also mean that business owners keep more on top of their bookkeeping and thereby avoid a last minute scramble to update records. Taxpayers will also be able to see a complete financial picture of their tax affairs in the one place — their digital account — and all their liabilities and entitlements will be clear to see and manage more effectively than ever.

Taxfile

Nearer the time the changes come into place, Taxfile will be there to help its customers adapt to the new system and between us we’ll make sure that it’s easy and hassle-free. We’ll be able to Read more

Taxfile’s Autumn Newsletter 2016

October 13, 2016/in 2014, 2015, 2016, Accountancy, Accountants, Accounts, Advice, Auto Enrolment, CIS, Construction Industry Scheme, Contractor, Filing deadlines, FreeAgent, HMRC, Late return, London, penalties, penalty, Refund, Save money, Self-assessment, South London, Subcontractor, Tax accountant, Tax accountants, Tax advice, Tax advisers, Tax agents, Tax refunds, Tax return, Tax returns, Taxfile, Tulse Hill /by Mark

Hot off the press is our brand new Autumn newsletter for 2016. If you haven’t yet seen it, take a look because it’s jam-packed full of useful information that’ll help you keep your tax affairs and accounts in order, save you money and keep you up to speed on tax matters. Here’s a quick flavour of what’s included (or click the thumbnail image to view or download the newsletter):

Act fast to save money on your 2015-16 tax return – see the newsletter’s first article.
Sub-contractors working in the construction industry are invited to claim their CIS tax refunds through Taxfile, so they have their refund in time for Christmas!
Help if you’re late with any previous years’ tax returns and tax payments — and how you already owe HMRC at least £1300 if you haven’t filed your 2014/15 tax return or paid tax for that year.
Try the UK’s Number 1 cloud-based accounts package FREE, for a month. No credit card required – cancel at any time – full details are included in the newsletter. [UPDATE: Please note that this offer has now expired].
Help if your tax affairs are in a mess — are you late filing returns or paying tax? Are you worried about HMRC penalties? Are you a foreign worker, working in the UK, and need to get your tax records up to date following the Brexit decision? We’re here to help!
Taxfile are Finalists in the ‘Independent Firm of the Year, Greater London’ category of the British Accountancy Awards 2016.
Free tax enquiry Fee Protection Insurance for Taxfile customers who file their tax returns by the statutory deadline through Taxfile.
How online banking may save you time and money.
Introduce a new client to Taxfile and save 10% on our fees!
Saturday opening at Taxfile (Tulse Hill office) throughout November and December.
Help with all your tax and accounting needs – check out our list of all the things we can help you with — now including auto enrolment!
And a ‘thank you’ to all Taxfile customers … Read more

Tax Return Deadline!

January 25, 2016/in 2016, Deadline, Self-assessment, Tax return, Tax returns /by Mark

Time is fast running out to file your Self-Assessment tax return!

Contact Taxfile urgently to file your Self-Assessment tax return on time — you’ll face a minimum £100 HMRC fine even if you’re only 1 day late! The deadline is 11.59pm on 31st January 2016 — the end of this week!

Book an appointment here, send us a message here or call us on 0208 761 8000 and one of our tax experts will make filing your tax return a total breeze! We’re currently open 7 days a week including Saturday 30th January 9am to 7pm and Sunday 31st from 9am to 6pm, but don’t leave it to the last minute or there *will* be a bottleneck — it’s first come first served so book an appointment a.s.a.p.!

AMAZING OFFER! Save Time, Money & Space with a FREE Sage Bookkeeping & Accounts Package!*

January 14, 2016/in Accountancy, Accountants, Auto Enrolment, Bookkeeping, Cash flow, expenses, Filing deadlines, Income & Expenditure, Income tax, London, National Insurance, NI, NIC's, Online returns, PAYE, Payroll, Real Time Information, RTI, Sage, Save money, Self-assessment, Software packages, South London, Special Offers, Tax, Tax advice, Tax advisers, Tax calculation, Tax returns, Taxfile, VAT /by Mark

[UPDATE: Please note that this offer has now expired]. Taxfile’s customers can benefit from an incredible offer on a range of Sage accounting packages at the moment. We’re offering a FREE or, in effect, heavily subsidised* Sage accounting package to all active Taxfile customers, whether existing or new. There are various different packages available so we’re sure we’ll have one which will suit every customer perfectly. The list of benefits is almost endless — here are just a few:

Firstly we’ll GIVE* Taxfile customers the package — you don’t have to pay Sage at all;
Say hello to quick and easy bookkeeping and record-keeping;
Quick and easy cash flow management tools;
Cloud-based record keeping means you can access accounts records from anywhere with an internet connection;
Automatic bank statement integration makes bank reconciliation a breeze, helping when receipts go missing and even recognising – and accounting for – regular transactions;
A mobile app module allows you to simply snap a photo of your receipt and it uploads to your Sage account (say goodbye to physical receipt storage!);
Less paperwork!
Automatic tax computations performed by the software;
Report and analysis options;
VAT handling;
Automatic VAT return options (or let us handle it for you as you prefer);
Shows you the taxes and National Insurance due so you can easily pay them on time;
Fast and easier tax returns;
Help from Taxfile at any point and from Sage’s own helpful videos;
Helps you stay in line with UK laws, taxes and regulations;
No experience needed;
Perfect for the self-employed, start-ups and small businesses;
Taxfile will even be happy to set you up;
Integrated invoicing and quotation options available (even from your mobile phone!);
A quick and easy payroll bolt-on is also available for limited companies, with payslips, RTI, Auto Enrolment integration etc.;
Auto enrolment communications included if you have a company pension scheme;
Option to automatically integrate online e-commerce records into your Sage account;
Fast and easier company accounts preparation;
… and much more!

But there is more major benefit – collaboration with us, your accountant!

The Sage packages we supply are not only free, or in effect heavily subsidised depending on the package involved, but also allow us, your accountant and tax adviser, to collaborate with you within your Sage package with your permission. So where you cannot do something yourself, we can log in using our own integrated Sage administration system to get involved on your behalf, for example to set things up for you, run reports, activate VAT returns, tax returns, end of year accounts, payroll and so on. It’s amazing really! So you do as much or as little as you want to … and we cover everything else!

You save money!

Using the easy but powerful Sage bookkeeping and accounting packages supplied by Taxfile
means that you’ll save money. It’s as simple as that. Customers using such packages makes our job easier, reducing our chargeable hours working on your accounts, so quite simply saves you money!

You also save time!

Our Sage packages will save you SO much time you’ll never look back! Once you’ve tried our Sage packages for a while you’ll Read more

Save money & hassle with our latest PDF newsletter!

November 17, 2015/in 2014, 2015, 2016, Accountancy, Accountants, Buy to let, CIS, Construction Industry Scheme, Deadline, expenditure, Filing deadlines, Furnished Holiday Lettings, Key dates, Landlords, Lettings income, penalties, Refund, Self-assessment, Subcontractor, Tax, Tax advice, Tax refunds, Tulse Hill /by Mark

Check out our latest A4 newsletter — which is jam-packed with ways to save money when dealing with your tax affairs and is more comprehensive than our recent e-newsletter. Savings include our 5% Early Bird discount for help with your tax return or accounts before Christmas, our offer to reduce your Taxfile bill by a further 12½% if you introduce a friend who then becomes a Taxfile client, a shout out to all sub-contractors in the construction industry who, if they act fast, can have their CIS tax refunds in time for Christmas, plus Key Dates in the tax calendar, a warning to Landlords — and a whole lot more.

Download the newsletter here (Acrobat PDF format – right-click to save the PDF to your hard drive then open it in Acrobat Reader or alternatively left-click the link to view the newsletter directly in most browsers).

Beat The January Rush and Save!

November 11, 2015/in 2015, Accountancy, Accountants, CIS, Construction Industry Scheme, Refund, Save money, Self-assessment, Self-employed, South London, Subcontractor, Tax advice, Tax advisers, Tax refunds, Tax returns, Tulse Hill /by Mark

TaxFile are offering a 5% reduction for clients who can submit their accounts to us before December 21st this year. This helps both of us — you receive a 5% reduction in your bill and it eases the rush in the New Year, our busiest time.

For example you could use this opportunity to reduce our charges for help with your self-assessment tax return submission if you’re self-employed, or for help with your CIS tax refund application if you’re a sub-contractor working in the construction industry, or if you’re one of our many clients who simply require tax advice and accountancy-related assistance from time to time.

Don’t delay – this discount is only available for a few weeks so call us on 020 8761 8000 or call into our Tulse Hill branch in SE21 for a chat and we’ll be delighted to help. You can also email us by clicking here or alternatively you can make an appointment with one of our tax agents here.

Want to save money before Christmas?

November 5, 2015/in Accountancy, CIS, Discount, Save money, Self-assessment, Tax refunds, Tax returns, Taxfile, Tulse Hill /by Mark

Check out Taxfile’s latest e-newsletter to find out our latest tax news and easy ways you can save money — but only if you act fast.

Taxfile’s friendly staff are always available to help on all matters regarding tax and if you come in before 21st December we’ll give you a discount – check out the e-newsletter for full details and other ways to save even more. Up to date bulletins can also be found here on our tax blog.

If you’d like to save money on your self-assessment or tax refund, including CIS refunds for sub-contractors, call into Taxfile’s Tulse Hill Branch in SE21, or telephone 020 8761 8000. You can also contact Taxfile online here or book a free introductory appointment with a tax advisor here.

If you’d like to be included in our future e-newsletter mail-outs, please click here. We only send a few each year and you can unsubscribe at any time with a simple mouse-click. Your details will, of course, not be passed on to anyone else — they are only used to send out our own newsletters and tax news.