Personal Tax

Personal Tax Accounting Services

Do I need to submit a self-assessment tax return?

Whether you are self-employed or a limited company director, you may need to submit a personal tax return to HMRC. The purpose of the return is to disclose your income and determine any tax liabilities.

Self-assessment tax returns can be confusing, and at JDT Accountants, we aim to help you navigate this process from preparation to submission. As a result, you can have peace of mind knowing that you are paying the correct amount of tax and your returns are prepared as per the relevant requirements.

What is CIS?

If you are operating within the construction industry, you will need to comply with the Construction Industry Scheme (CIS). Under CIS, contractors must deduct money from a subcontractor’s payment and pass this onto HMRC. It will advance payment towards the subcontractor’s tax and national insurance and needs to be done every month.

We can assist you with remaining compliant by registering you as a contractor or subcontractor and filing your CIS returns on time, ensuring that you avoid penalties.

Are you worried about the amount of capital gains tax you will have to pay?

Capital gains tax is a tax on the gain you make when selling an asset such as a property. If the total amount gained exceeds your tax-free allowance, you could be subject to a costly tax bill. Luckily, it is possible to minimise your tax liability, and we aim to help you through this process. From offsetting costs to utilising tax reliefs available, you can trust us to ensure no unnecessary tax is being paid.

Personal Tax Advice

Do you need tax advice?

If you need some advice with your personal tax affairs, we are here to help. We strive to keep up to date with changes in tax legislation. Therefore, we can advise you whether your tax affairs are as efficient as possible and if you are paying any unnecessary tax.

Could I benefit from tax planning?

If you are looking to minimise your tax liability whilst staying on the right side of HMRC, you could benefit from tax planning.

Utilising our expert tax knowledge, we can review your tax position and identify saving opportunities. From this, we can work with you to develop a plan that is tailored to your unique circumstances and ultimately reduce your tax liabilities.

Are you being investigated by HMRC?

We understand the pressure that can be caused if HMRC questions your personal tax affairs, and JDT is here to support you. From assisting you in communicating with HMRC to negotiating outcomes, you can trust us to ease the stress of this process.

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