Tax returns Archives | Page 5 of 7

Tax Return Reminder: Beat the Last Minute Rush & Save Money!

December 21, 2017/in 2016, 2017, 2018, Accountants, HMRC, Self-assessment, Tax return, Tax returns/by Mark

If you’d like our help with your Self-Assessment tax return, please do try to get your records and figures to us before 10th of January if you want to avoid the last minute rush and save money – there will be slightly higher charges for our help from that date (inclusive). This is to cover extra staff and overtime required during the the final part of January – our busiest time of the year – when we can deal with all the last minute returns for those who have left it until the last minute. So, save hassle, avoid the last minute bottlenecks and also save yourself some money by getting your records and figures to us well before 10th January if at all possible. We can still help thereafter, of course, but it’ll cost you a little bit more.

For individuals, your figures, records and, where applicable, receipts are required for the financial year 6 April 2016 to 5 April 2017. (For business accounts, of course, we will also need to do accounts based on the business’s individual year end).

Either book your appointment online at taxfile.co.uk/appointments/ or call the office on 0208 761 8000 (07766 495 871 after hours). If English is not your first language we can still help, as our team speaks a variety of languages.

Please don’t leave it to the last minute – thank you.

Taxfile’s Autumn 2017 Newsletter

November 27, 2017/in 2017, Income tax, Newsletter, Self-assessment, Tax, Tax refunds, Tax returns, Taxfile/by Mark

The Autumn 2017 edition of Taxfile’s newsletter is now out and it’s packed full of useful information, tips, recommendations and key dates in the tax and accounting calendar, including some things you need to act on right away if you want to save time and money. Here is a quick overview of the articles:

Page 1:

Self-Assessment Tax Return Deadline Approaches – Act Now!
Late with your Tax Return & Tax Payment for a Previous Year?
Taxfile Now Open Saturdays by Appointment
Deadlines & Key Dates
The Future is Digital

Page 2:

Accounting for VAT
Have you made a Capital Gain?
Assets Overseas? Non-Resident Landlord? Read This!
Do you Employ People?
C.I.S. Sub-Contractors: Claim your Tax Refund for Christmas!
Tip!

Page 3:

The Benefits of Using Taxfile
All Your Tax & Accounting Needs Taken Care of
Tax Affairs in a Mess?
Who Works at Taxfile?
Thank You

If you haven’t already received a copy by email, then view the newsletter online here or Read more

Need help with your 2016-17 tax return?

October 12, 2017/in 2016, 2017, 2018, Accountants, HMRC, Self-assessment, Tax returns/by Mark

Act fast to save money!

[Updated 21 December 2017] Do you need Taxfile to sort out and file your tax return? We’d be very happy to help and do well over 1000 Self Assessment tax returns for customers every year.

However you need, please, to start giving us your paperwork ideally during December or, at a push, up to the 10th January 2018 absolute latest if you are to avoid the price increases that may come into effect thereafter. (Price increases are sometimes necessary during the busiest accounting months of the year in order to cover the extra staff needed, overtime for long hours, evening and weekend work, particularly to work on returns for those who have left it until the last minute. After 10th January, the accounting world goes mad as everyone tries to hit the January tax return deadline all at the same time — we’ll have something like 400 last-minute tax returns to do in one crazy month). So the message is:

Avoid both the bottlenecks — and a likely price increase from 10th January 2018 — by coming to see us for your tax return as soon as possible. You can book your appointment online at taxfile.co.uk/appointments/ or call the office on 0208 761 8000 (07766 495 871 after hours). If English is not your first language we can still help, as our team speaks a variety of languages.

Please don’t leave it to the last minute – thank you.

We’ll require your records, figures and receipts for the financial year 6 April 2016 to 5 April 2017.

Last Few Saturday Appointments for Claiming CIS Tax Refunds!

June 12, 2017/in 2016, 2017, CIS, Construction Industry Scheme, Contractor, Subcontractor, Tax refunds, Tax return, Tax returns, Tulse Hill/by Mark

If you still haven’t claimed your CIS tax refund or submitted the tax return, Taxfile can help! However, there are only a few remaining Saturday appointments left for those wishing to see us at the weekend. So, call 0208 761 8000 or book your free appointment in Tulse Hill here without delay.

Your figures and records are required for the period 6 April 2016 to 5 April 2017, including CIS statements and receipts etc. Learn more about what documents you need to supply and how we can help you apply for your refund and submit your CIS tax return for you, here. Or, alternatively, Read more

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 multi-lingual, multi-talented staff, at a glance

November 18, 2016/in Accountancy, Accountants, Bookkeeping, Capital gains tax, CIS, Construction Industry Scheme, Corporation tax, Dulwich, HMRC, Income tax, Landlords, Lettings income, Limited company, Multilingual staff, NI, PAYE, Payroll, Payroll bureau, Rebate, Refund, RTI, Self-employed, South London, Tax, Tax accountant, Tax accountants, Tax advice, Tax advisers, Tax agents, tax experts, Tax refunds, Tax returns, Taxfile, Tulse Hill, Value Added Tax, VAT/by Mark

[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? Our staff ‘mind map’ tells you a bit more about each member of the team, what their specialities are, key interests and, of course, their contact details in case you ever need their help. Take a look … 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

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