Are your accountants aware of ‘Making Tax Digital’? Contact our office to see how we can help you ensure you meet the legislation within the set timescales.
Every self-employed individual, company director and higher rate tax payer is required to file an annual self-assessment tax return by the 31 January each year.
These returns have to be submitted electronically otherwise the deadline for manual returns is 31 October.
We have the systems in place to ensure key dates are adhered to and the returns are provided to HM Revenue & Customs via the Internet.
Corporation Tax Returns
We will endeavour to prepare your Corporation tax returns at the same time as we prepare your annual financial statements. This allows us to deal with any issues immediately whilst it is fresh in everyone’s minds. We prepare these returns through our knowledge and experience on allowable items and can advise further on tax reliefs including capital allowances.
Returns have to be submitted within 12 months after the year end to HMRC and any tax should be paid 9 months and 1 day after the year end.
Trust & Estates
We provide a comprehensive service on Trust and Estate accounts, coupled with the statutory tax returns. We receive work from existing clients, new clients and referrals from local solicitors.
We offer the service of assisting our existing and new clients dealing with probate during at an emotional time of losing someone close to them. LHP is also in the process of applying for Probate status which means that in the future we can assist our clients through the whole probate process.
We are able to assist in the preparation of the annual Tax Credits declaration. We can advise you of your actual or estimated figures in a timely fashion and again if adjustments are necessary once your tax returns have been finalised.
Our dedicated VAT department are able to complete your VAT returns within the statutory deadlines and advise of the payment/repayment thereof. This service takes the hassle out of completing the VAT return yourself and also provides a peace of mind service. We can advise on the best VAT solution for your business including the Flat Rate Scheme, Cash or Annual Accounting etc.
With HMRC inspectors under pressure to increase the tax revenue, more and more tax enquiries are expected. LHP have the expertise to deal with the enquiries and negotiate settlements.
However, we understand that many of the enquiries maybe of a random nature, we offer a fee protection scheme to cover the cost of our fees in having to deal with the enquiry. This protects our clients from the financial burden of an enquiry or dispute.
Many of our clients have taken up this service and we believe that the level of cover and benefit on offer is ideal in an increasingly tough economy.