Income Tax

We specialise in Income Tax which enables us to take the worry away from you. We have the expertise and the software to deal with your annual tax return so there is no need for you to fill in forms.

We have a wealth of knowledge in this area and our professional staff can provide you with practical advice on personal tax positions. We can complete your tax returns, calculate any tax liability and advise on when to make payments and how much to pay.

Year End Accounts

As your business grows your bookkeeping and accounting requirements also grow with it. By using your bookkeeping records we are able to prepare your year end accounts which will form the basis of your Self Assessment tax return.

The year end accounts provide invaluable information about your business and are particularly useful if for example you wish to make a mortgage application or raise finance.

We can advise you on how to strengthen your record keeping procedures which in turn will help you run your business more effectively.

Your accounts will be prepared in accordance with accounting standards and we will check that you are claiming everything you are entitled to.

Whether you are a sole trader, partnership or limited company, letting us prepare your year end accounts will relieve you of what can be an extremely stressful and time consuming exercise. We offer competitive pricing with flexible appointment times and are dedicated to offering a professional and friendly service.

Tax Returns

The UK has one of the largest tax codes in the world, so preparing even the most straightforward tax return can be complicated. There are various deadlines and responsibilities for taxpayers to be aware of.

The most common reason that a tax return may be required:-

  • You are self employed or a partner in a a partnership
  • You are a company director
  • You have large amounts of savings or investment income
  • You have untaxed savings or investment income
  • You own land or property that is being let
  • Your household receives Child Benefit and you have income in excess of £50,000
  • You have income from overseas
  • You have sold or given an asset away (such as a holiday home or some shares)
  • You’ve lived or worked abroad or aren’t domiciled in the UK
    The staff at HM Revenue & Customs are not tasked to advise you on how to organise your affairs and minimise your tax. Therefore if you want to make sure you are paying the right amount of tax, you should consult a professional.

At Charles Rowan Accountants we use HM Revenue & Customs approved software to:

  • Complete your tax return
  • Calculate your tax liability
  • File the return online
  • Liaise with you on the amounts to be paid and when they are due

As part of the above service, we can analyse you self assessment tax return to see if any tax savings can be made and we can also review the form to see if there are any anomalies that need to be addressed before the return is submitted. This process helps to minimise your risk of a HM Revenue & Customs enquiry into your tax affairs. If you are experiencing cashflow problems we can explore the possibilities of deferring your tax payments or negotiating a payment plan with HM Revenue & Customs on your behalf.

By giving you a fixed competitive price we can take the worry away when it comes to self assessment tax returns allowing you to concentrate on running your business.