Personal Taxation and Self Assessment (SA)

A compliance review leading to completion of your SA Tax Return form and supporting schedules. Computation of your UK Income Tax, Class 4 NIC and Capital Gains Tax liabilities. An explanation of the amounts payable and the due dates of payment. Your Tax Return will be prepared using iris tax software in an electronic format for direct submission to HM Revenue & Customs using the File by Internet Service (FBI).

Non SA Income Tax Repayment Claims

Completion of repayment claim forms R40, PAYE repayment applications, multiple employment overpayment computations, PAYE coding notice allowance adjustments. Claims to personal tax allowances and employment expenses not reimbursed. Reporting changes to personal circumstances. Error or mistake claims and claims for in date tax years. Benefits in Kind review and calculations. PAYE coding higher rate tax and underpayment collection adjustments.

Business taxation and Accounts preparation

Sole traders, partnerships and audit exempt private limited companies. This can be from your prime records, your own bookkeeper's trial balance or your computer produced data. The iris accounts preparation package used is capable of final accounts production and printing, business tax computations and full self assessment mapping to the SA Tax Return accounts pages to ensure error free data transfer. Submission of Companies House annual returns and accounts by the internet based Web Filing Service.

Company directors, employees and Pay As You Earn

When and how to set up a full PAYE payroll system, either manual or computer based, for all periodical salary, wages and statutory payments. Assistance with routine, throughout the year compliance, end of year reconciliation and completion of forms P35, P14 (incorporating the important P60 certificate), P11D (benefits in kind) and associated forms. Submission of PAYE end of year forms by the internet based PAYE by internet service using PAYROLL MANAGER software.

Capital Gains Tax

Forward planning advice. Computation of gains and losses for all chargeable assets.

Inheritance Tax

Introduction to estate planning and general advice leading to a full consultation, usually with your solicitor.

Value Added Tax

All aspects of this complex tax, from an initial pre registration review, business structure planning, accounting data extraction for quarterly return completion to negotiations with HM Revenue & Customs.

For more information please contact us by E-mail: ceb@colinboon.co.uk,
or by telephone: 01983 246766.