Minimal taxation, maximum service – all tailored to you – from Bells Accountants in Surrey.
The ‘average worker’ is a bit of a misnomer today. Now, more than ever before, people are becoming freelancers, self-employed, sole traders and entrepreneurs in increasing numbers. As people move from previously fully managed PAYE schemes to facing the task of completing personal tax returns, confusion and chaos can reign. With few being tax experts, and even fewer accustomed to the complex forms and processes HMRC places on the self-assessed, it can be easy to trip up and even easier to fall victim to paying over the odds in tax. When you’re faced with these complexities, you need to carefully choose your accountant in Surrey.
Find out more about how your business setup can affect your tax.
HELPING YOU WITH PERSONAL TAX
Tax matters. Here’s how we can help:
- Capital Gains Tax
- Income Tax
- Inheritance Tax
- National insurance
- Savings and investments
- Trusts: discretionary, accumulation and mixed
“The hardest thing to understand in the world is the income tax.”
GETTING TO GRIPS WITH YOUR PERSONAL TAX
That imposing self-assessment form isn’t going away. Whether you’re soon to face your first self-assessment or have worked through the cumbersome process many times over, the potential for error is ever present. Aside from being daunted by the process and the prospect of getting it wrong, you could also be unaware of all the exemptions you may be entitled to. We can help you understand exactly what you’re legally eligible for, driving down your tax bill and relieving the pressure when you likely have so many other business matters at hand that are jostling for your attention.
CONTACT US ABOUT YOUR PERSONAL TAXES
Let’s talk about your tax obligations. Our accountants will make financial services personable, providing a friendly face for handling your tax matters. Get in touch with Bells Accountants in Surrey by calling us on 020 8763 1711 or emailing us via and achieve minimised taxation and maximum service, on your terms.
FAQS ABOUT TAX AND EMPLOYMENT
Q: What does it mean to be self-employed?
A: 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 as self-employed, provide guidance as to what expenses you can claim tax deductions for, and complete your tax return for you each year.
Q: How does the ‘tax year’ work?
A: The tax year runs from the 6th April to 5th April each year.
Q: What are the deadlines?
A: Your tax return is due by 31st January following the end of each tax year.
Q: What can I claim for?
A: The expenses you can claim for are very specific to each trade. For example, a consultant cannot claim for 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 form for more information.