We’re here to help you better your business.
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We’re here to help you better your business.
What did you come to London Accountants for?
“Jez and the team have provided my company and residence freehold company with invaluable and professional advice. They are always available and the expertise and service have been superb. I will be continuing to use London Accountants for the foreseeable!”
Navigating the intricacies of tax law can be challenging and as an accountant specialising in the consulting industry, I stay up to date with the latest updates and amendments to tax regulations.
By understanding these changes, I can provide informed recommendations that align with your personal circumstances, ensuring compliance and helping you make the most of available tax benefits. My expertise can guide you through these complexities to keep your tax affairs in order.
As a self-employed consultant, you face a unique set of tax considerations. From home office deductions to mileage expenses and equipment costs, there are numerous tax advantages available to small business owners.
By enlisting the services of me, a qualified accountant, you gain access to expert guidance on navigating the often intricate world of tax write-offs. My specialised knowledge can help maximise your tax savings and potentially save you a significant amount of money. The benefits outweigh the accountant's fee by far!
Let's face it, tax matters involve numbers and calculations. If you'd rather undergo a root canal than deal with complex mathematics or if you find managing your finances personally overwhelming, hiring me is a wise decision.
I possess a natural affinity for numbers, equipped with the expertise and experience to handle tax forms accurately and efficiently. By entrusting your tax obligations to a professional who genuinely enjoys working with numbers, you can ensure greater accuracy and peace of mind.
If you have multiple sources of income, such as running your consultancy alongside any rental properties you may have or another side business, your tax situation can become considerably more complex. I can help you identify potential tax savings that you may not be aware of. By leveraging my knowledge and experience, you can optimise your tax position across various income streams, ensuring you capitalise on available opportunities while complying with tax regulations.
One of the most significant advantages of hiring an accountant is the time and accuracy I can offer. Preparing your own taxes can be a time-consuming task. By entrusting your taxes to a professional like me, you save precious time that can be better spent on your business.
Additionally, accountants possess comprehensive knowledge of tax laws and savings opportunities, making me an ideal advisor throughout the year, not just during tax season. Whether you have questions about tax incentives for electric vehicles, debt management, or other financial matters, I can serve as a trusted financial advisor, providing valuable guidance beyond tax compliance.
Investing in the services of an accountant tailored to your needs is a prudent choice, delivering long-term financial benefits and peace of mind.
Company directors in the UK are exempt from paying Class 1 National Insurance Contributions (NIC) on their director’s earnings because they are considered officeholders, not regular employees.
However, they may have NIC obligations for other types of income, such as Class 1A NIC on benefits in kind, Class 2 NIC if self-employed, or Class 4 NIC for self-employed income. Voluntary Class 3 NIC payments are also an option to maintain state benefit entitlements.
A PAYE (Pay As You Earn) reference is a unique identifier used by HMRC in the UK to track income tax and National Insurance contributions of employees. It’s given to employers and used for tax-related purposes.
The PAYE reference consists of two parts:
Employer Reference Number (ERN): This is a 3-digit HMRC office number followed by a reference code specific to each employer. It is unique to the employer and helps HMRC identify the tax office responsible for that employer.
Accounts Office Reference (AOR): This is a 13-character reference number that identifies the specific employer’s payroll scheme.
In the UK, the deadline for filing your company’s tax return depends on the company’s accounting period. The accounting period is the period for which the company prepares its financial statements.
For most companies in the UK, the deadline to file the company tax return is:
For example, if your company’s accounting period ends on December 31st, the deadline for filing the company tax return online would be December 31st of the following year. If you are filing a paper return, the deadline would be the end of September of the following year.
