sole trader accounting services
maximise your income by using an accountant!
from £20 per month
As expert self-assessment tax return accountants in Cheltenham since 2009, we will potentially save you hundreds of pounds vs filing your own accounts. We do all of the number crunching and prepare your tax return quickly and easily saving you time and money!
Your tax return will be filed with HMRC on time, every time.
What is a self-assessment tax return
A self-assessment tax return, also known as “Personal Tax Return”, is the process in which individuals can declare their annual tax on income received or gains/profits made on their capital investments.
Some taxes, like PAYE, are collected at source, i.e. employees’ taxes are deducted before pay, and banks tax savings income when paying interest. However, income is not taxed at source in other cases, such as rental property, sole trader business, or sale of an asset that increased in value (e.g. Buy-to-let property). Instead, it must be declared, and any additional taxes paid.
Similarly, a tax return may be done to claim any overpaid taxes, e.g. the wrong tax code was entered by your employer and you were overcharged.
professional tax advice
We do not just do your self-assessment tax returns; we will provide you with the necessary advice and guidance on how to minimise your tax liability. This is because we believe in providing a value-added service, not just number crunching.
We make sure that our clients stay on top of their taxes and financial situations so that they can make well-informed business and investment decisions.
dedicated accountant
Anne will be your dedicated accountant and sole point of contact you can easily reach, whether it's in person at your premises, or our Cranham based offices just outside of Cheltenham, or by phone or email.
If you're a newbie to running your own business you're in safe hands and we'll break down any tax jargon into a simple and easy to understand way and oversee all your tax affairs.
And for experienced business owners changing accounting firms you'll be blown away by our friendly, customer focused approach.
our comprehensive tax return service
Completing and submitting your personal tax return, we follow this 9-step process:
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Supply you with a Tax Return checklist making it easier to gather all the relevant information
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We then use the information you give us to complete your Personal Tax Return.
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To avoid penalties and interest, we calculate your tax bills and payments on the account.
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We will advise you on possible claims and elections to reduce your tax bills except for tax credits. We will make the HM Revenue & Customs required claims and elections (HMRC) if you instruct us.
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Once we have your written approval, we will submit your Personal Tax Return to HMRC.
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We will file your tax return electronically, which means you will know when HMRC has received it, and if you are entitled to a tax refund, you will get it much faster.
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We will check HMRC’s calculation of your tax bills and initiate repayment claims if you have overpaid.
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All refunds from HMRC will be transferred to you directly to your bank account.
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We will deal with all communications relating to your Tax Return from HMRC directly or forwarded to us by you.
Payment dates
Two payments on account are made on 31 January and 31 July after the tax year.
These are 50% of the previous year’s tax due but only apply to income tax, not Capital Gains Tax.
Payment on account is not required if:
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Tax due for previous year < £1,000, or
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80% of tax is collected at source
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Payment due in respect of a simple assessment is due on 31 January after the tax year.
speak to Anne today!
Our self-assessment tax return service from just £20 per month
01452 470165
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frequently asked questions
Anita Shenoi
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Alexa Young, CA
"Anne has been a wonderful support over many years and many changes to my business. I greatly appreciate her straightforward approach and friendly advice and thoroughly recommend her to any small business looking for a good accountant."
Ian Muir
Direct Sales Solutions Ltd
"Anne is great to deal with and explains everything in layman’s terms. Been my Accountant for 7 years. First class service"
Richard Wakefield
Cheltenham Gas Services
"Regent Accountants has provided a professional service for the last 15 years, Anne has delt with several changes to my business and has always given me advice to enable Cheltenham Gas Services to deal with the challenges a small business comes across."
