We provide assistance with all aspects of taxation and can complete tax returns for anyone who needs to be in self-assessment, for example through having taxable savings income, income from outside the UK or income from investments such as property or shares.
Others may need to be in self-assessment having made a capital gain on the sale or transfer (for example as a gift) of an asset.
Employees who earn over £100,000 are also required to complete a Tax Return, while other employees may choose to do so in order to claim allowable expenditure such as the mileage allowance.
We advise landlords on the numerous expenses that can be claimed to reduce their taxable profits and on those that should be kept for when the property is eventually sold in order to reduce any capital gains tax liability.
We also help with compliance with recent rules requiring that capital gains on the disposal of UK residential properties are reported to HMRC using a specific capital gains tax account and that the tax is paid within 60 days of completion.
We are familiar with available reliefs and exemptions and ensure that these are considered for all the people we help, for example the marriage allowance transfer and the property income allowance.
We offer advice to current and prospective non UK-residents on filing responsibilities and we consider the various options that may be available to reduce tax for those living overseas. We also advise on the complex rules around UK residence and non-residence to ensure that for tax purposes our clients are resident in the country they wish to be.
We understand that this can be quite complex, but we are here to assist you with any area regarding personal taxation.
To find out more about our services and how we might be able to help you or your business give us a call or drop us a line.
Get In TouchWe are members of the ICAEW (The Institute of Chartered Accountants in England & Wales). Our team are also trained and qualified on the most popular accounting systems. Palmer, Riley & Co is a Silver Partner of Xero and are Certified ProAdvisors for Quickbooks.