Welcome to Taxfile’s Autumn Newsletter for 2021. One of our biggest yet, it includes useful tax- and accountancy-related news that you need to be aware of, ways to save time or money – and much more. Take a look!

QR Codes

You’ll find QR codes throughout the newsletter. These are a quick and easy way to access further information about the topic. Assuming you are viewing the newsletter on a desktop device or a printed* version, simply point your mobile camera phone at a QR code and then open the link that pops up. Your mobile’s browser will then take you straight to the information page. Alternatively, we supply simple link URLs to simply tap in.

Download As an Acrobat PDF & Print Out

* 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) ...

The post Taxfile’s Autumn Newsletter 2021 appeared first on Taxfile.

The post Faiz from Taxfile – Helping the Community with Tax Problems appeared first on Taxfile.

The post Peace of Mind from Using an Experienced Tax Team appeared first on Taxfile.

Are you making the most of your tax allowances for small trading? If you have small earnings from self employment, then it may be advantageous to make a claim for Trading Income Allowance i.e. to claim a flat rate deduction of £1,000 for expenses instead of claiming the actual expenses incurred.

Example:

Christina has income of £2,360 and expenses for web hosting of £204, software of £103 and publishing costs of £430
(total expenses £737).

As her expenses are less than £1,000 she can claim £1,000 Trading Income Allowance in preference to claiming the actual expenses.

Her taxable profit therefore becomes £1,360 instead of £1,623. So, she pays less tax!

This is just one simple way in which Taxfile's knowledge of the tax system can help its customers pay less tax in a totally acceptable way from HMRC's perspective.

Contact your nearest Taxfile branch

Please do contact us for any accountancy work that you or your business(es) require. We're tax experts and are also very well trusted by HMRC because we deal with them on a daily basis on behalf hundreds of clients. We have several UK branches including...

The post Making the Most of your Tax Allowances for Small Trading? appeared first on Taxfile.

Our informative May e-Newsletter is now ready to view online. It includes exciting news of our new branch opening in Battersea along with important tax and accountancy-related news that might affect you. Here is a quick summary of the newsletter's contents:

• The first article announces the opening of our new Battersea Branch in London SW8. New and existing customers are welcome to pop in and say hello and to get expert help with your tax affairs and accountancy requirements. Learn more about the opening of the Battersea branch, and the core services on offer, here or click the big button below to read the newsletter.
• If you work on one of the many Battersea construction sites in or around SW8, we can help you reclaim overpaid tax and much more ... see the newsletter for more details - click the big button below.
• If you're a sub-contractor working in the construction industry scheme ('CIS'), you're almost certainly due a tax refund (learn why here). Taxfile are experts at getting tax rebates from HMRC, so come and see us and we'll get you the maximum refund possible. Read the newsletter (click the big button below) to learn how we make your tax refund application fast and hassle-free.
• We can help limited company contractors too! We're tax and accountancy experts so we can help you register as a limited company or register for CIS if you're not already set up, we'll help you with the monthly tasks demanded of you by HMRC including accounts preparation, confirmation statements, corporation tax handling, CIS set-off rebate, National Insurance (NI), VAT, bookkeeping, payroll and much more. We'll save you time and will make operating the Construction Industry Scheme a breeze. Click the pink newsletter button below for more details.
• If you introduce a family member, friend or colleague to Taxfile, you will get a discount off your next tax return if they sign up as a new paying customer with us. Click the button for details.
• Taxfile recently printed some brightly coloured postcards to promote our new Battersea office and our tax-related services. Simply get in contact if you'd like some of these postcards to hand out to colleagues. If you write your full name on the back and use it to refer a colleague, it might even save you money! Click the button for more details.
• Our team are multi-lingual and always happy to help. If English is not your first language, let us know and we'll try to match you to the most appropriate staff member.
• If you, your friends, family or colleagues have not dealt with your old tax returns, HMRC will be adding £10 per day to the penalty from 1st May. That's on top of the £100 fine that will have applied immediately after missing the original 31 January deadline. Let Taxfile get your tax records, tax returns and overdue tax all in order so you don't have to pay any more in fines than you have already. Learn more here or contact your nearest branch for a consultation.
• All Taxfile clients get free 'Tax Enquiry Fee Protection Insurance' when they file their tax return through Taxfile by the statutory deadline. So - if you're investigated by HMRC - our fees to sort it out are covered. Click the button for more details.

[av_button label='Read the Newsletter' link='manually,https://www.taxfile.co.uk/wp-content/uploads/2025/03/May-18-NL-screenshot-scaled.jpg' link_target='_blank' size='medium' position='left' icon_select='yes' icon='ue84e' font='entypo-fontello' color='custom' custom_bg='#f04168' custom_font='#ffffff' admin_preview_bg='' av_uid='av-2ys5kg']

Feel free to

The post May Newsletter – New Battersea Branch, Easy CIS Tax Refunds, Avoid £10 Daily Fines & More appeared first on Taxfile.

Taxfile has over 100 years of combined tax and accounting experience. It's incredible to think that the key personnel have administered over 30,000 tax submissions in the past 20 years! Beginning way back in 1994 (and continuing as Guy Bridger Limited from 1997), we originally started business offering only CIS sub-contractor returns but quickly developed the service to help the self-employed, local businesses and higher rate taxpayers with their tax computations. Along the way we added tax and accounting services for taxi drivers, cab drivers, landlords and more. We also offer Capital Gains tax expertise and tax investigation help and, more recently, professional help with disclosures, written tax advice and tax planning for things like inheritance.

We have exceptional accounting experience in all key tax and accounting areas including:

• CIS computations, CIS returns and refunds for sub-contractors and limited companies in the construction industry,
• Tax, tax returns and accountancy for the self-employed, small businesses, partnerships etc.,
• Tax help for taxi drivers and cab drivers,
• Tax help for landlords,
• Tax help for limited companies,
• Tax help for directors,
• Payroll services,
• Bookkeeping,
• VAT including VAT registrations, VAT returns and VAT accounting,
• Corporation tax,
• Capital Gains Tax (CGT),
• Year end accounts for limited companies, SME's, partnerships,
• Non-domicile taxes/foreign taxes,
• PAYE and National Insurance Contributions (NIC),
• Company registrations,
• Auto Enrolment for Workplace Pensions
• and just about any other tax and accounting-related assistance you can think of.

Taxfile helps individuals as well as businesses. Our customers are very varied, turning over anything from £10,000 to over £1 million a year. A few are high wealth individuals who no longer need to work but still need to account for their taxes etc. Some customers have retired, others operate small businesses and some don't even live in the UK but may have assets here. So, whatever your income, assets or situation, the message is that if you need ANY tax-related help, you've found the right place in Taxfile.

Taxfile also has the back-up and expertise of professional bodies on tap (so nothing is too complicated for us) and also has excellent relations with the tax authorities — we're very well trusted by HMRC. Guy even helps in the local employment zone, which aims to improve business in the Tulse Hill and West Norwood area. So, Taxfile is very much part of the local community, particularly in South London (but expanding to other areas too — keep an eye on this blog for forthcoming information about that in the very near future).

Whatever help you need with tax and accountancy-related matters, call Taxfile on 0208 761 8000 and we'll be delighted to help you. Alternatively,

The post Taxfile: Your One-Stop Tax & Accountancy Shop appeared first on Taxfile.

You can now get tax planning and tax advice from Taxfile. We have highly experienced senior accounting staff who can give you the right tax advice when you need it most — for example, when your circumstances are changing, if you've had trouble keeping on top of your tax commitments and need to bring things up to date, or perhaps a friend or relative simply needs a bit of reassurance with regard to their tax situation. Perhaps you have assets or income abroad as well as income in the UK and want to make sense of your tax position. Or, perhaps you have recently made a tidy profit trading crypto coins like Bitcoin and want to know where you are from the standpoint of Capital Gains or Income Tax. Maybe you need to disclose income from property rental that you have previously not told HMRC about (more about that in a later post). Those are all examples of typical situations where our new Professional Tax Advice and Tax Planning services can help you to see the wood from the trees.

A Free Telephone Consultation

In the first instance, we are inviting clients to speak for just 15 minutes with one of our resident tax planning experts. This will be in the form of a free, introductory telephone call, perhaps in February or March if it suits you. We can then see what's needed and take it from there. We can, of course, discuss any costs with you before you commit to anything further, and there is no obligation.

Whether it's about labour taxes, investment taxes, business taxes, disclosures to HMRC or even professional help to support you during an HMRC tax investigation, we can make sense of all the options for you and — in a fair and ethical way — help to make sure you are paying no more tax than you should do. With decades of experience in accountancy and tax planning, we know exactly what's what when it comes to tax, so can definitely help you. Call 0208 761 8000 to arrange your free 15 minute telephone appointment with a tax expert, at a mutually convenient time. Alternatively,

The post New: Tax Advice & Planning Service appeared first on Taxfile.

[Updated]: It's common knowledge that most of Taxfile's South London staff are multi-lingual but can you guess which staff member speaks no less than four languages fluently (Russian, Pashto, Dari and English) and which staff member is into both metal music and Irish dancing? And who should you ask for if you need payroll services? And who specialises in bookkeeping ... who in limited company accounts and so on?

The post Taxfile’s multi-lingual, multi-talented staff, at a glance appeared first on Taxfile.

The post You have only HOURS left to submit your Tax Return! appeared first on Taxfile.

The post Save Money, Beat the December Price Increase! appeared first on Taxfile.