PERSONAL TAX

Self assessment

Self assessment can be a time consuming and often confusing business for busy individuals. Judging by the hundreds of thousands of taxpayers who are penalized by the HM Revenue & Customs each year it can also be very costly if:

q       Deadlines are missed

q       Incorrect returns are delivered

q       Appropriate records are not retained or presented

We aim to spare you all these headaches and free up your valuable time by offering a comprehensive personal tax compliance service for both individuals and partnerships, including:

q       Liaising with your bank, building society, stockbrokers, estate agents, etc to gather the relevant data for your annual returns

q       Preparing your accounts as necessary

q       Claiming all reliefs available to you

q      Calculating your overall tax liabilities for the year and advising you of these and of the due dates for payment.

q       Completing and filing your tax return on your behalf

q       Receiving and checking your self assessment statement of account and liasing with HM Revenue & Customs as necessary

q       Advising you when various payments are due and how much to pay

q       Dealing with claims to reduce payments on account that can be beneficial under self assessment

q       Advising on appropriate record retention

q       Introducing you to any relevant tax saving ideas

q       Representing you in the event of your being selected for investigation by HM Revenue & Customs

If you wish to know more about our Self assessment services or would like to arrange a free initial meeting to discuss in more detail how we can help you, please contact us on 01932 827091 or email us on info@peria.co.uk

Tax Compliance

Staying up to date with the numerous changes in legislation and regulations is vital for any individual with substantial assets. Tax compliance, including completion of self-assessment tax returns, ranges from the straightforward input of information into tax return software to detailed analysis of the disclosure required following a sophisticated tax planning exercise.

Our approach is to consider each individual client's personal and financial circumstances and the effects of the three major taxes: income tax, capital gains tax and inheritance tax. Wider concerns can also be included, for example the tax planning requirements of the client's family, business interests and company shareholdings,

Income Tax

We are here to help sole traders, partnerships, the retired and any other individual required to complete a Self Assessment Tax Return.

Capital Gains Tax

Capital Gains Tax applies when any chargeable asset is disposed of. It is imposed upon individuals, companies, personal representatives and trustees. It is vital that the tax implications of a capital disposal are considered in full before the disposal occurs.

We can provide detailed advice and provide an estimate of the Capital Gains Tax likely to arise.

Inheritance Tax