Helping You Navigate Personal Tax

Personal tax returns come in different shapes and sizes, and every financial circumstance brings along its own questions to consider. Finding your way through this maze of rules and criteria can be difficult, and failure to get things right can put you at a significant disadvantage.

Boughton Accountancy offers a proven track record helping clients navigate the challenges they face in filing their personal tax returns. We believe that arranging taxes should be straightforward and stress-free, so our team works to unravel the jargon and get things done.

Our Tax Return Services

If you’re in need of professional support with filing your personal tax return, Boughton Accountancy’s dedicated team can help. Our tax return services include:

  • Expert guidance regarding every type of personal tax return, including Self Assessments and returns relating to non-residents
  • Helping to secure any tax rebates you might be owed
  • Preparing, filing and submitting tax returns within the relevant deadlines
  • Tax planning and advice regarding your current tax position
  • Liaising with HMRC on your behalf

Ready to see how we can make filing your tax return quick and easy? Simply send us a message via our contact form or get in touch via telephone on +44 7921 626447. Our team will be in touch.

What It Means For You

Completing a personal tax return can be stressful no matter how much you try to get it right – but it doesn’t have to be that way. If you instruct us to manage your personal tax return, you’ll enjoy:

  • Compliance with regulations and no risk of penalties
  • Total accuracy free of unnecessary guesswork
  • Financial peace of mind without the hassle
  • On-demand advice regarding any aspect of your tax return
  • The expertise you need to capitalise on potentially valuable tax reductions
  • Less time spent on cumbersome administration

How We Deliver Value

Our process starts with an initial consultation designed to help us understand your pain points and objectives. From there, we get to work preparing your tax return, explaining any technicalities in plain English. As part of the process, we’ll carefully examine any allowances or reliefs that might be applicable to you, ensuring you get the best possible value along the way.

Depending on what you’re after, we can help you manage tax-related issues even after your tax return has been submitted. From dealing with any necessary follow-up to advising you with regard to subsequent changes in your tax position, we act as a trusted partner at every stage.

Frequently Asked Questions

Under what circumstances do I need to file a personal tax return?

The vast majority of people will pay their taxes at source, for example when taxes are deducted from employment earnings. This generally occurs automatically through the Pay As You Earn (PAYE) scheme, but depending on your specific circumstances, you may also need to file a separate personal tax return.

For example, this applies to those who derive income from UK property, are self-employed or act as a sole trader, receive untaxed capital gains or have a personal pension fund. If you’re in doubt about the requirements that apply to you, our team can advise you on the best way forward.

What personal allowances and tax reliefs can I benefit from?

There are several allowances in place that enable you to earn income tax-free. Depending on your circumstances, you may be able to claim a Personal Allowance, Marriage Allowance, Dividend Allowance or Trading Allowance, as well as various other arrangements.The question as to whether you are eligible for tax reliefs is also dependent on your personal situation.

Do I need professional support?

Although many people file their personal tax return themselves, consulting an accountant can offer significant advantages. This is especially the case if your personal finances are complex or if you’re looking to make the most of any tax reliefs available to you. Qualified professionals draw on their expertise to minimise your tax burden wherever possible, offering a cost-effective way of safeguarding your financial means.

How much does an accountant cost?

Our rates are flexible depending on the level of support you need. Whether you require a single consultation or a fully managed service, we provide a first-class service at an attractive price. Feel free to get in touch with us to receive a personalised quote.

I haven’t received a tax return. Does this mean I won’t need to file one?

Not necessarily. If you’ve earned any form of taxable income, you’re obliged to notify HMRC regardless of whether a tax return has been sent to you or not. If you fail to notify HMRC on time, you may need to pay a penalty.

Can Boughton Accountancy advise me about Making Tax Digital (MTD)?

The UK government’s Making Tax Digital programme has ushered in many fundamental changes to our taxation system. As a result, both individuals and businesses are having to get to grips with a range of new rules and regulations. If you’re looking to find out what these changes mean for you, our experts can offer the advice you need.

Contact Our Tax Return Accountants

The Boughton Accountancy team can help you with any challenge relating to personal tax returns. To speak to an experienced accountant, simply give us a call on +44 7921 626447 or send us a message online.