“The invention of the teenager was a mistake. Once you identify a period of life in which people get to stay out late but don’t have to pay taxes – naturally, no one wants to live any other way.”

– Judith Martin, American journalist.

 

Personal Tax Accountant Kent

The role of the working person is changing. More and more people are becoming freelancers, sole traders or are starting up companies on their own.

 

This means that less people are paying their tax via employee PAYE schemes and are instead required to complete personal tax returns.

 

Naturally, very few people are tax experts, which is where we here at Bells Accountants in Kent come in.

 

If you are required to complete a personal tax return, we can advise you on the legal tax exemption opportunities that are available to you, so you minimise the amount of tax you are legally obliged to pay.

Discover just how easy it is to switch Accountants

Personal Tax Accountant KentTax may not need to be ‘taxing’, but it often is

 

If you’ve never filled in a personal tax assessment form before, the amount of information and detail you are expected to record and reveal can be quite daunting. In addition, it’s unlikely that you will be aware of all the possible exemptions you are legally entitled to, in order to minimise the amount of tax you need to pay.

We can advise you on all the following and more:

 

  • Capital Gains Tax
  • Income Tax
  • Inheritance Tax
  • Living or working offshore or abroad
  • National insurance
  • Self-assessment
  • Savings and investments
  • Trusts – discretionary, accumulation and mixed

 

If you employ our services, all our experience and expertise will of course be made available to you.

CALLING ALL LANDLORDS!

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Here at Bells Accountants in Kent, we can supply you with a friendly, personal service that will genuinely help you to minimise the amount of tax you pay. We would be delighted to hear from you – call us on , or you can email us at .

Below, you will find answers to questions that we are frequently asked – if the question you have is not listed here, please call us on .

Self employment

What does it mean to be self employed?

When you are self employed it effectively means that you are receiving income from a business or trade that is not taxed at source by an employer or agency. This money therefore needs to be declared to HMRC as part of a self-assessment tax return. Bells can help you to register for self employement, provide guidance as to what expenses you can claim tax deductions for and complete your tax return for you each year.

How does the “tax year” work?

The tax year runs from the 6th April to 5th April each year.

What are the deadlines?

Your tax return is due by 31st January following the end of each tax year. So for the tax year ended 5 April 2015, the tax return and any tax payable is due by 31st January 2016.

What can I claim for?

The expenses you can claim for are very specific to each trade, for example, a consultant cannot claim for all the same things a plumber can claim for although there will be some things that can be claimed for by both such as travel and telephone bills. Bells can provide some general guidance in the form of a leaflet or a bespoke list. Fill out our contact us form for more information.

How do I pay my national insurance contributions?

The best way to pay this is via monthly direct debit straight from your bank account, Bells can provide you with a form to complete to get this arrangement set up.

The Brilliant ClubWe first started using Bell’s Accountants in 2012 as a start-up charity. Joanne and her dedicated team have always been extremely professional and efficient. Over the years we have developed a great relationship with Bell’s and we work in partnership to make sure our complicated payroll is completed correctly to the benefit of everyone involved. Loraine explains situations and solutions to us very clearly and we very much appreciate her support. I would highly recommend Bell’s to any company looking for a personal service that’s great value for money

 

Simon Coyle
Chief Operating Officer and Co-Founder
The Brilliant Club