We can help make sure you don't pay more than you need to, keeping you on-top of your VAT.
Value Added Tax (VAT) is a tax that must be paid when purchasing services or goods.
As an accounting client of JT Accounting we can help you through the whole VAT process of reporting to and paying HMRC, including:
- Preparation and submission of your VAT returns from bookkeeping maintained in finance software (our software of choice is currently Xero)
- VAT registration – including the best scheme for your business
- Guidance and advice on VAT rates and relevant changes
All businesses that have a relevant turnover over the VAT registration threshold (at time of writing this is due to increase to £90k) must add VAT to all the products and services that they sell. We can help ensure you are on time with you return and claim as many as possible of the allowable VAT costs incurred, to offset the payment due.
Corporation tax
Corporation tax reliefs and rates change annually, so we ensure that we can provide all the right guidance and advice when looking at exemptions, allowances and deductions that may be available.
We will thoroughly review and prepare corporation tax returns in great detail in order to ensure you are complaint and that you don’t incur any penalties.
Self assessment
Our tax services for individuals are geared towards making sure that your tax liability is calculated taking into account all allowed exemptions and deductions.
We aim to complete this well in advance of the usual January deadline to make sure you are aware of the tax amount due and allow you the most options around payment.
We can also review your tax code to ensure it makes sense for your earnings.
Capital gains tax
You may be considering disposing of assets, shares or a second property.
We can help you calculate and prepare relating amounts to include in HMRC returns and simplify the difficult area of capital gains tax.
