Specialists in Property Taxation

 

Our Principal, Jennifer Adams, is a specialist in property taxation. 

 

We can provide practical help and advice on such matters as...

 

  • Allowable expenses - what can be claimed against rental income?

  • The difference between a repair and a capital improvement

  • Minimising tax on a jointly owned property

  • HMRC's Let Property Campaign

  • Use of management company as a way of saving tax

  • Trader or investor - what is the difference?

  • The new mortgage interest rules including calculation of the impact on your rental income

  • Making the most of the Principal Private Residence election

  • How to minimise Capital Gains Tax on the disposal of second homes or rental property

  • Inheritance Tax reduction strategies

 

Property tax can be a bit of a maze but we can help you run your property business successfully by delivering services specific to your needs.

 

Personal & Corporate Tax Returns

Many taxpayers struggle to understand the complex tax return rules under self assessment, completing returns incorrectly and as such may end up paying more tax than they need. With the advent of HMRC's new 'Making Tax Digital' strategy on 6 April 2018, the completion and submission of returns is set to become even more complicated.

 

Under 'Making Tax Digital' every business owner or landlord, large or small, VAT registered or not, will be required to submit quarterly returns online. If any are late by more than one month, then penalty points will be levied.
​​
What we can do for you.....

 

We can save you a lot of time, worry and money.  We complete tax returns for all types of business:

  • Sole traders

  • Individuals including landlords

  • Limited Companies including companies Limited by Guarantee and Management Companies. Many accountants do not offer a service for these specialist companies whereas we have a number of such clients.

 

 

We do all the necessary computations, complete and submit return and accounts to both HMRC and Companies House. At the same time we offer tax planning advice so that you can be confident your tax bill is as small as (legally) possible.

 

We act as your agent, dealing directly with HMRC on your behalf. Should you be selected for enquiry by HMRC, we will act as your representative at any meetings you may be asked to attend.

 

However, we would just mention that we have never had an enquiry into any accounts or returns prepared by this firm in all the 30+ years that we have been in business.

 

 

 

 

 

 

 

Book-keeping Services

 

 

Let us take the chore off your hands.

 

We can..........

 

  • Take delivery of your invoices, bank statements, etc at a time to suit you or you can email the information

  • We do all the processing on a monthly, quarterly or annual basis as required

  • You then pick up the records (neatly filed and organised!) and all the information we've agreed to provide you with

 

We prepare your......

 

  • Monthly or quarterly accounts

  • VAT Returns (if you are registered for VAT)

  • End of year Accounts

​​
- and estimate the tax liabilities as you go along so there's no 'end of year' surprises.

Accounts Preparation


Accounts are prepared to agreed timescales and deadlines.

 

We can.....

 

  • Prepare full accounts and/or management statements for your own use

  • File abbreviated or micro accounts to HMRC and Companies House 

  • .....but we do more than just report the history of what's already happened .... 

  • We take the time to explain the figures shown in your accounts so that you understand what is going on financially within your business, helping you to plan for the future

  • Discuss the accounts with you so as to identify areas where the tax bill may be minimised (it's called 'tax planning'). 

  • On completion of the accounts and tax returns we either send you a copy of the final accounts for approval by e-signing or as a hard copy, with confirmation of our fee.

Payroll

You've expanded your business and now you need to take on an employee to help take it to the next level - this is when you find out what the term 'red tape' is all about.

 

Payroll is complicated and with the change to 'Real Time Information' it is now more important than ever that the payroll is done on time; as an employer you are responsible for any mistakes.

 

We can help....

 

By making sure that the payroll is run on time, providing a tailor made service for your business including.....

  • Employee payslips

  • Monthly summaries

  • Dealing with leavers and starters

  • PAYE returns for the Revenue

  • Assistance with automated payment set-up to your employees

  • CIS returns completed by us

  • Produce employee P60's at company year end

 

We also give specialist tax advice on payroll related matters.

Company Formation

Transferring your business from a sole trader or partnership into a Limited Company is not something that should be taken lightly.

 

There's much more to consider than just buying a cheap readymade company on the internet.

 

We can....​​
 

  • Advise on the pros and cons of incorporation in your own situation - it might not be the best route to go

  • Undertake a tax review prior to company formation - forming the company yourself and getting this wrong can be very costly

  • Check on the availability of the Limited Company name

  • Purchase the company

  • Complete the necessary minutes and resolutions

  • Advise on amendment to company Articles and Shareholder Agreements as necessary

  • Assist in the opening of a bank account

  • VAT registration

  • Book-keeping set-up advice

  • Company registration for Corporation Tax

  • Set-up of Company PAYE scheme

  • Advise on Directors responsibilities

 

 
 
 
 
 
 
 
 

Contact Us

Naldrett Accountants

Tel: ​01483 494654 Woking Office

Tel: 01300 341094 Dorchester Office
Mobile: 07831 502165​
Email: mail@naldrettaccountants.co.uk​

Twitter: @naldrettaccs
 

 

© 2012 by Accountant & Co.

Publications
Qualifications