Private individuals
Over the years, Sable has dealt with thousands of clients in their individual capacities. We can advise and assist you with all aspects of your personal tax and accounting matters.
- Personal tax returns ("Self Assessment")
- Self-employment
- Tax planning and advice
Feel free to call us on 0808 141 2285 if you have any queries. Our consultants will be happy to assist you or point you in the right direction.
Personal tax returns (Self Assessment)
HMRC require certain individuals to complete a personal tax return every year. This could be because:
- You are, or were, a company director
- You are or were self-employed
- You earn an income from:
- overseas sources
- investment dividends
- rental property
- You receive other income that is not taxed at source - for example capital gains or dividends
We can help you by advising you or by taking care of the return itself. Our process is simple, quick and very competitively-priced, and we quote in advance of the work so that you don’t get any unwelcome surprises once your return is done. We lodge all our returns electronically as it is quicker and more secure.
Prices for returns start from £120 + VAT depending on the type and number of income streams you have. Penalties for late returns start at £100.
It is the tax-payer’s responsibility to tell HMRC that you need to complete Self Assessment returns by registering with them. This can be done online or over the phone. Failing to register usually results in HMRC catching up with you a few years down the line - at which time significant penalties and/or interest will usually be charged.
About 9 million people in the UK have to complete Self Assessment returns each year. Unfortunately for too many people (over 850,000 in 2012), their first experience of Self Assessment lies in receiving a penalty from HMRC. It doesn’t have to be this way, though. If you get the right advice and you start the process with plenty of time to spare, you will find that submitting a self-assessment return can be a quick and easy process.
Self-employed individuals
Over the past few years, there has been a significant spike in the number of self-employed individuals and those who work through limited companies.
As finance professionals, we are able to advise you on many of the intricacies of self-employment, including whether or not there are better employment structures available for you.
If you are self-employed, you need to let HMRC know by registering for Self Assessment with them. This can be done online or over the phone. After this, you will need to submit personal tax returns (Self Assessment returns), declaring your earnings for each tax year. You will pay any outstanding taxes before 31 January for the previous tax year.
We can help you by advising you or by taking care of the return itself. Our process is simple, quick and very competitively-priced, and we quote in advance of the work so that you don’t get any unwelcome surprises once your return is done. We lodge all our returns electronically as it is quicker and more secure.
Prices for returns start from £120 + VAT depending on the type and number of income streams you have. Penalties for late returns start at £100.
Tax planning and advice
Several allowances and reliefs are available to help minimise your tax liabilities. But the legislation is complex, and the right advice is rare.
Everyone has tax liabilities based on their earnings, profits of trade, and asset gains. Yet it’s tough to find out exactly where and how you can minimise the amount of tax you legally have to pay. We offer:
- Professional, targeted advice
- A comprehensive tax planning review
- Specific tax planning tips and advice for your business sector
Whatever tax planning requirements you may have, we can find the most appropriate structure to suit your circumstances.
Contact Sable Accounting
Email us: accountinginfo@sable-group.com
Phone us: 0808 141 2285