Taxation Services

Details

Parent Category: Services

Category: Taxation

Taxation Services

With the tax regime becoming more complex and more emphasis being put on taxpayers' individual responsibilities, everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet all the compliance requirements. We offer a specialist personal tax service tailored to your individual needs. At Jackson-Scott, we can prepare your personal income tax and, where necessary, capital gains tax return together with all supporting schedules as well as calculating your tax and Class 4 National Insurance contributions.

We are able to submit the tax returns online to HM Revenue and Customs using our dedicated software, reducing the likelihood of any complications as well as receiving an almost immediate acknowledgement of its receipt. Very soon it will be mandatory to submit all returns on line.

On line submission is the safest way to guarantee that your returns are received by the due dates to avoid any unnecessary penalties.

We will advise you of the amounts of tax and National Insurance contributions to be paid and the dates by which you should make the payments. In addition to this we can review your current income status to determine whether payments on account can be reduced.

As your agent, we will deal with HM Revenue & Customs regarding all aspects of your tax position, including any amendments that may be required to your return and a Revenue Enquiry, should one be opened. As the Revenue is obliged to review one in ten returns every year, there is always the chance you may be subject to an enquiry. To alleviate the costs involved, we are able to offer fee protection insurance.

Other areas of taxation that we can advise and assist you with are:

• Lettings - accounts and property pages of the self assessment returns, including buy-to-let property income, holiday homes and the Rent-a-Room Scheme.
• Capital Gains Tax - planning advice and calculations of tax due.
• Inheritance Tax - planning advice and calculations.

For more information or to discuss your specific requirements, please call, email or simply drop in.