Services

HMRC need to be informed within 3 months when you commence trading. Even if you have not traded dormant accounts need to be submitted. Accounts preparation and taxation are part of our day-to-day activities at Tax Maths. With the current regime of filing deadlines and penalties, timely service has become all the more important. We pride ourselves in getting our clients’ accounts and self-assessment completed on time, well before there filing deadline. We are here to relieve you and your staff from the troubles and burdens of in-house bookkeeping and accounting, including your annual accounts.

We work very closely with our clients in order to gain a full understanding of your business and how you run it.  We have the capacity and flexibility to then tailor our approach to your needs in order to deliver the most appropriate service we can for you.

We will prepare your accounts promptly and efficiently. We will then provide you with a clear explanation of your accounts and tax situation to ensure that you have a full understanding of the figures prepared for you. Your company tax return (CT600) will be prepared and submitted at the same time as your accounts to avoid any unnecessary penalties.

Some smaller businesses may decide not to select the complex structure and the strict compliance requirements of companies. They will generally choose to be Partnerships and Sole Traders. We will provide full support by doing a risk assessment and help clients make the best decision in these matters.

No doubt Self Assessment can be a time consuming and often confusing business for busy individuals and partnerships. And judging by the hundreds of thousands of taxpayers who are penalised by HMRC each year it can also be very costly if deadlines are missed, incorrect returns are delivered and if appropriate records are not retained or presented. We aim to spare you all these headaches and free up your valuable time by offering a comprehensive Individual Self Assessment service.

We also assist in HMRC enquiries of all sorts.

Property landlords are always in the press and subject to hardcore taxes by every elected Government. It requires careful tax planning. We at Tax Maths provide expert tax advice. The director Usman Butt acts as a mentor and does regular talks at seminars for property investment hubs.

This can also be a complex area and requires expert advice to remain compliant with HMRC requirements. We welcome CIS contractors and subcontractors. We provide a bespoke service for clients, so they never miss any deadlines to avoid heavy penalties.

Tax on your income, business or investments, can be complicated and hard to unravel Careful planning can save a business or an individual thousands of pounds in tax. Our expertise in tax matters means that we can look at ways to legitimately save you money in tax. It can be difficult to know what you should and should not be paying, what new tax legislation means for you and how best you can utilise your tax payments.

The introduction of self-assessment has placed a greater burden on individual taxpayers to keep their income tax affairs in good order. We will deal with the Inland Revenue on your behalf, relieving you of the burden. We will ensure that you comply with tax and accounting rules. More importantly, we can assist you to minimize your tax bill to the best possible terms.

A company is required to complete a self-assessment tax return form and submit this to the Inland Revenue one year after their accounting year-end. They are also required to pay any corporation tax due nine months after the end of accounting period, whilst large companies must make quarterly payments on account of their estimated corporation tax liability.

Efficient tax planning can make a huge improvement to your personal and business finances, not just in terms of immediate cash flow and profit, but also in protecting your wider interests and securing your wealth for the future.

Our meticulous bookkeeping services ensure that your financial records are consistently accurate, up-to-date, and compliant with all regulations. By organizing every transaction and maintaining precise records, we provide you with clear insights into your business's financial health. This attention to detail not only allows for accurate reporting but also empowers you to make well-informed, strategic decisions for growth. With our support, you can focus on your core business while we take care of the numbers, providing peace of mind and a solid foundation for your financial success.

All businesses must register for VAT if your turnover of VAT taxable supplies in the UK for the previous 12 months is more than the current registration threshold. However depending on the needs some companies may opt to become VAT registered as they want to take advantage of the Flat Rate Scheme or want to make regular reclaims of Input VAT as they deal with Zero rated products.

The complex regime of regulations imposes a tremendous administrative burden on businesses. With the rate being so high, mistakes in calculating VAT can be costly - and the rigid system of penalties and interest charges for mistakes and the late submission of returns add to that burden. Our cost-effective VAT compliance and planning services can relieve you of this burden. Our team of VAT professionals will help to keep your VAT affairs in order, make sure you are collecting the right amounts for each transaction, and ensure that you make payments and file returns correctly and on time. We will be more than happy to provide comprehensive bookkeeping and VAT accountancy services.

Payroll administration is becoming increasingly burdensome for many businesses, taking more and more time and resources away from core business functions. Administering this by yourself is likely to cost you more time and money, then using a professional. Fortunately payroll can easily be separated from your other accounting activities and outsourced to a specialist agency such as our team of payroll professionals. By allowing us to look after your payroll activity, we will free up more time for your staff to attend other business areas, therefore creating more opportunities and raising efficiency in the business. Our payroll services are thorough and, of course, compliant with HM Revenue & Customs statutory requirements.

Starting up your own business can be the most daunting decisions and we are here to help. We will give you free initial meeting face to face or over the phone. We would provide annual secretarial work and you may wish to use our office address as your registered office address so you do not have to spend your valuable time doing unnecessary paperwork. Identity theft is a real threat these days and with your personal information available on the public domain we strongly suggest to use our office address if you do not have a permanent established work place other than your home.

a. Sale & Acquisitions of businesses We provide services for acquiring or selling businesses. You need to make sure that all legal obligations have taken place including stamp duty payable. Using our agents and brokers we will make sure that the exchange takes place at the best possible price. We at understand that there may be many reasons why an owner decides to sell a business. The need for a change in direction or retirement can be a powerful motivator. You may be entrepreneur who has decided to sell your business at its peak and crave a new challenge. You may have simply decided that you want a complete change in direction.
b. Research & Development We provide advice and provide services in helping you claim R & D tax credits. However if your company only partially deals with R & D then it can be a complex situation. You may wish not to claim your tax credit and instead will rather want your losses/expenses enhance in accordance to the Finance bill of the year in question. This planning is very crucial in working out your overall tax position. We are available to provide necessary advice.
c. Land and property We deal with many clients that are property developers, buy-to-lets and on regular basis need income tax and capital gains advice. We are here to help you. Our firm has developed very strong network with mortgage advisors and solicitors. We are happy to share this network with you and with our recommendations we assure highly competitive fee and free initial consultations.