Personal and Business Tax for Sole Traders and Renters

Our Tax Services remove a pressure point and allow you to focus on growing your Business

Tax preparation and submission is critical for your business. Ensuring you are operating in compliance with HM Revenue and Customs (HMRC) and submitting accurate tax returns within the deadlines is vital for trading.

At Another Answer, we understand how time consuming and confusing people find the endless piles of paperwork and tax returns that need to be completed each year. Our Tax Preparation service is available to help reduce your burden and ensure that you are compliant each and every tax year.

Our service extends to include both businesses and individuals as this is mandatory task regardless of the size of your company. Our dedicated team have worked with clients across a variety of industries which helps us to provide a comprehensive service to every business, unique to your individual needs. We pride ourselves on providing our clients with a personal service that gives you the answers to thrive and expand and will also provide you with practical tax advice to help reduce your annual tax bill.

Personal and Business Tax for Sole Traders and Renters

Outstanding Tax Services including Making Tax Digital (MTD)

We also undertake to be current with the latest tax changes. This is especially important with the coming of “Making Tax Digital” (MTD) for the Self Employed and for owners of rental properties. We will advise you on requirements and help you avoid the new “penalty-points” system.

Currently, tax preparation begins after the previous tax year has ended on the 5th April. From this point up until the 31st January, unless you are filing a paper return, you can submit your tax return when you are ready. However, if your income from your business is greater than £10,000, then, after April 2026, you will also have to submit a quarterly MTD return followed by an “End of Period Return Statement” (EOPS) at the Year End. This date has been delayed by the government from the original proposed date of April 2024.

As these tasks can occur every quarter, are mandatory and are confined to tight and final deadlines, you may find that filing can be time consuming and confusing. It is highly beneficial to go to an expert, especially if you don’t like doing maths, or are unsure of your tax situation. This is not only saves you time, but also ensures that your information is being submitted correctly. The deadlines can vary depending on your business, method of submission and how you would like your tax payments to be collected, we can advise you on which is best suited for your company and situation.

How Another Answer Can Help with Your Personal and Business Tax

Don’t struggle through legislation and mountains of paperwork, it’s time for Another Answer. Let us help you to keep accurate financial records and file accurate tax forms. Here’s how we can help:

  • Registration on your behalf with HMRC as necessary
  • Tax returns for individuals and Sole Traders with MTD as appropriate
  • Liaising with HMRC on your behalf
  • Keeping your accounts compliant

Get In Contact with Another Answer Today

If you would like to know more about our Personal and Business Tax Service for Sole Traders and owners of rental properties then please don’t hesitate to get in touch. We are proud to serve many locations throughout Buckinghamshire and Berkshire. Our team is always happy to discuss your personal requirements over coffee and biscuits.

Personal and Business Tax for Sole Traders and Renters

Other Accountancy Services Available from Another Answer

Bookkeeping Services

News &
Blogs

HMRC changes that could benefit you in 2024

Bookkeeping Services

Bookkeeping
Services

Our Bookkeeping Service for SMEs provides you with the information to help you to thrive and expand.

Business Insights

Business
Insights

Our Business Insights Service provides you with the framework for in depth analysis and projections.

Company Secretarial Services

Company
Secretarial

Helping setup the structure of your Business and providing the necessary Company Secretarial Services.

Payroll Services

Payroll
& CIS

Outsource your payroll to us and say goodbye to end of month madness.

Personal & Business Tax Services

Personal &
Business Tax

Our Tax Services remove a pressure point and allow you to focus on growing your Business

Annual Accounts

Annual
Accounts

Financial Accounts, Annual Accounts, Statutory Accounts or Year-end Accounts – they all mean the same!

VAT Services

VAT
Services

Our VAT Services will sort out the problem of coding and tracking Invoice information for the Government.