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Christmas & New Year Opening Times at Taxfile

Christmas & New Year Opening Times at Taxfile

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Christmas & New Year Opening Times at Taxfile

Please take a look at the calendar above and note our opening times over Christmas and New Year. As you can see, we’re closed on several days over the festive period. This is particularly important for those who need to come to see us for help with time-sensitive accounting and tax-related services in the run-up to January 31st.

Need Help Filing Your Tax Return?
Make an Appointment NOW!

In particular, we urge anyone who needs to file a 2017/18 Self-Assessment tax return to come and see us well before Christmas. By doing so, you’ll avoid the last minute stampede — way too many people leave it until January, which is the busiest time in the tax and accounting calendar. While the HMRC deadline for tax returns is the end of January, you run the risk of being caught up in the bottleneck if you leave things later than December. Taxfile files tax returns for thousands of customers during November, December and January, so we’re incredibly busy at this time of year — particularly January, which is frenetic! So, those leaving it until the last minute not only run the risk of being charged more to cover the long hours and overtime that we need to work during January, but they also risk receiving a fine from HMRC if they miss the deadline completely because they left things so late.

So the message is: please book an appointment with us now, ideally for a date before Christmas.

For Self-Assessment tax returns, records for the period 6th April 2017 to 5th April 2018 are required. For business accounts, we will also need to do accounts based upon the business’s individual year end.

Open for Saturday Appointments

We are happy to see people on Saturdays at this busy time of year (with the exception of the festive closures of course – see the calendar above). Saturday morning appointments should be more convenient for those who work on weekdays. As you can see on the calendar, we’re open from 10am to 1pm for most Saturdays in December and January but only for those with a pre-agreed appointment.

To book an appointment, please call 0208 761 8000 or book an appointment online here. Many thanks.

Taxfile's Autumn Newsletter 2018

Autumn Newsletter 2018

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Taxfile's Autumn Newsletter 2018

Those of you who are not on our mailing list may be unaware of our latest newsletter. So, we thought we’d post a little about it here, along with a link where you can download an Acrobat PDF version to read at your leisure.

Keep on Top of your Taxes

The Autumn 2018 Newsletter is packed full of articles and advice to help you get on top of your taxes, make sure you are aware of the services we offer and, above all else, ensure that you file your tax return in good time.

It’s Tax Return Time! Act Now!

When it comes to Self-Assessment tax returns, the main message is to act now. That way you will avoid the January stampede and any unnecessary, additional expenses.

Key Contacts at Taxfile

Along with other tax news and advice, we also include a very useful table of your key contacts at Taxfile. Simply choose the service you require and the key people responsible for helping you can be found alongside, including their email addresses for direct contact.

Download Taxfile's Autumn Newsletter 2018Download the eNewsletter

To find out much more, download the Taxfile Autumn 2018 Newsletter here.

Professional Help to Get Your Tax Affairs in Order

Taxfile are super-keen to help you through the maze of HMRC rules and tax regulations. We’ll get your paperwork, accounts, bookkeeping and tax returns all in order. Simple!

Open for Saturday Appointments

Taxfile’s Tulse Hill (SE21) office is now open on Saturday mornings, from 10am until 1pm, for pre-booked appointments. So, if you’d like to discuss any aspect of your tax and a weekend appointment is more convenient than a weekday, call 0208 761 8000 to book one or book an appointment online here.

Tax credits renewal deadline is just days away!

Tax Credits Renewal Deadline Just Days Away – Don’t Miss Out!

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Tax credits renewal deadline is just days away!

If you’re claiming tax credits and haven’t yet renewed, then you’d be wise to pay very close attention to the following …

Don’t Miss Out

Tax Credits are payments made to eligible people with children and/or very low incomes. Examples include Tax Credits and Child Tax Credits and the payments are made by the UK Government. However, the scheme rules are complex and part of that includes a strict renewal process, with a built-in deadline.

Renewal Deadline

Alarmingly, even if you are already claiming tax credits, there’s a high likelihood that your payments will cease completely unless you take proactive steps to renew your claim to them by 31st July* 2018 — that’s just a few days away at time of writing, so there is no time to lose.

* If your renewal pack states a different deadline, then that applies instead of 31st July in your case.

How to Renew Tax Credits

If you are claiming tax credits, you will be sent a renewal pack.

If your renewal pack has a red line across the first page, then you will need to send a reply.

Note that you can only renew your claim once you have received your renewal pack. Having received the pack, you should then ideally renew your tax credits online although see below for other options.

Automatic Renewal

If your form shows the code ‘TC 603 R’, you do not need to send a reply and your tax credits will be renewed automatically. However, you must make sure that you check the form carefully in case any of your details are incorrect. Should you fail to report any errors or to confirm any changes in your circumstances, your tax credits could stop or you could receive a fine. You can report errors and changes in circumstances using the Tax Credits Online Service.

Online Renewals

Renewing online is HMRC’s preferred method of renewal, via the Gov.UK website.

Telephone Renewals

To renew your claim to tax credits via telephone, simply contact the Tax Credit Helpline on 0345 300 3900 or textphone: 0345 300 3909.

Postal Renewals

You can also renew your tax credits claim by post. Send your claim to: Comben House, Farriers Way, Netherton L75 1AX. Make sure that your renewal claim arrives by 31 July and we also recommend sending by recorded delivery so you have some proof of the arrival date.

What Next?

You should hear back from HMRC within Read more

Overseas assests - requirement to correct

Undeclared Overseas Assets? Beware the ‘Requirement to Correct’ Deadline!

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Overseas assests - requirement to correct

What does this mean for me?

If you are a taxpayer with overseas assets which are undeclared as regards income tax, capital gains tax or inheritance tax, you have an obligation to sort things out by 30 September 2018.

People who ignore this requirement and whose income or assets subsequently come to light will face much, much higher penalties and sanctions after the deadline.

Why bother now?

The United Kingdom has signed up for information exchange with a whole host of other countries. The information it receives from them will be input into its intelligence system known as Connect. This increases the likelihood of undeclared sources coming to light.

What if I do nothing?

After the deadline date, if your undeclared sources of income or gains come to light, you will face potential penalties as follows:

  • A tax geared penalty of between 100% and 200% of the tax due;
  • A potential asset based penalty of up to 10% of the asset value where the relevant tax at stake is over £25,000 in any one tax year;
  • Adverse publicity from being publicly named as a tax cheat where the tax is over £25,000;
  • A further potential penalty of 50% of the standard penalty if the Revenue show that assets or funds have been moved in an attempt to avoid the requirement to correct.

If you have a reasonable excuse for failing to correct your tax position, such as failing health for example, then penalties may be reduced or not charged in exceptional circumstances.

Get Started:

If you think you might be affected or are in any doubt, we suggest you act now to avoid any problems before the deadline.

Call Taxfile on 0208 761 8000 for a no-obligation discussion if you want to put things right. Alternatively, book an appointment here. We have a wealth of experience in dealing with voluntary disclosures and negotiating settlements with HMRC, so can definitely help you. We offer tax advice and accountancy services from our offices in Tulse Hill, Dulwich and Battersea in South and South West London along with tax experts in Exeter, Plymouth, Poole, Dorset, Devon, Yorkshire and Carlisle.

Christmas & New Year Opening at Taxfile

Christmas & New Year Opening at Taxfile

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Christmas & New Year Opening at Taxfile

The Taxfile Team would like to wish all our readers and customers a very happy festive season and to pass on our very best wishes to everyone for the New Year.

Taxfile will be open as usual until Saturday* 23 December. We then close briefly for Christmas Day and Boxing Day (Monday 25 & Tuesday 26 December respectively).

We will be open again as usual from Wednesday 27th to Saturday* 30th December, then closed for the New Year’s celebrations until Tuesday 2nd January 2018 when we re-open again —from that date it’s back to our usual working hours. Here are the full details:

  • Thursday 21 December: open 9am – 5pm
  • Friday 22 December: open 9am – 3pm
  • Saturday 23 December: open 10am to 1pm (by appointment only)
  • Sunday 24 December: closed
  • Monday 25 December (Christmas Day): closed
  • Tuesday 26 December (Boxing Day): closed
  • Wednesday 27 December: open 9am – 5pm
  • Thursday 28 December: open 9am – 5pm
  • Friday 29 December: open 9am – 3pm
  • Saturday 30 December: open 10am -1pm (by appointment only)
  • Sunday 31 December: closed
  • Monday 1 January 2018 (New Year’s Day): closed for the Bank Holiday
  • Tuesday 2 January onwards: open as usual Mon-Tues 9-6, Wed-Thur 9-5, Fri 9-3, Sat 9-1 (by appointment)

*Saturday morning opening is from 10am to 1pm and is for appointments only, so do book an appointment if you’d like to discuss anything with us at the weekend rather than during the normal working week.

Last few free 20 minute appointments – act fast if you’d like a free tax consultation!

If you would like a free 20 minute consultation for any tax matter, please book a date before the end of December as we pause free consultations during our busiest month of the year – in January we are swamped with tax return deadlines and have to concentrate on hitting those on behalf of our customers. Free 20 minute consultations will, of course, resume from 1st February.

You can book an appointment online here or simply call 0208 761 8000 (07766 495 871 after office hours) to arrange one with our tax professionals.

The Taxfile Team wishes you all a very happy festive season and our very best wishes for the New Year. Thank you too for your custom during 2017 — we really appreciate it. Here’s to 2018 when it arrives!

Self-assessment tax return help

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

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Self-assessment tax return help from Taxfile

Beat the tax return deadline AND save money by acting fastIf 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 Autumn 2017 Newsletter

Taxfile’s Autumn 2017 Newsletter

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Taxfile Autumn 2017 Newsletter

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

Tax returns & tax refunds, South London

Need help with your 2016-17 tax return?

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Tax returns & tax refunds, South London

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.

This Week Only – Beat the Tax Return Price Increase!

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Beat the Tax Return Price Increase

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.

Act now & save on your tax return

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

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Time to file your self-assessment tax return

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