How Can We Help You to File Taxes?

 Aid in Declaration of Taxes Paid 

The Tax Returns You File Through Self-Evaluation Will Be Accurately Computed By Us

Both individuals and business owners can make use of personal tax preparation services. Due to a general lack of understanding of how a tax law applies to individuals, most taxpayers end up overpaying.

Here at EFJ Consulting, we're familiar with the regulations. We can help you file corporation tax returns, determine your liabilities, provide payment advice, and lawfully reduce your tax obligations. We are the premier Bexleyheath accounting firm, and our services include personal and self-assessment tax returns and bookkeeping and VAT solutions.

You are self-employed and responsible for reporting and paying income tax and national insurance contributions. If you are self-employed, you must report your income and expenses to the Internal Revenue Service (IRS) on an annual tax return (also called a self-assessment form in HMRC). After you've signed up for self-assessment tax returns and either sent in or electronically submitted your return for the year, HMRC won't know how much money you owe in taxes.

Details about tax returns

You have three months from when you get your Self-assessment tax returns from HMRC to complete and submit your return for the preceding tax year. Register with the HMRC for self-assessment tax returns by the end of the tax year (or income or profit).

You must file an annual tax return detailing all of your taxable earnings. It's also essential to consider whether you must declare and pay taxes on any side income you receive. Self-assessment tax returns are required for all individuals with any kind of business or another source of income, and taxes are only collected or remitted on wages and salaries.

• Affiliation for the Self-Employed

• Professional Help With Your Taxes From Start To Finish

• Estimation of Taxes Due and Claims for Refund

How to figure out your capital gains tax and any exemptions you may be eligible for

• Taxation of Pension and Investment Income

• Assessing the  corporation tax returns and Offering Counsel

• Controversies Regarding Taxes

• Communicating with the UK Tax and Customs Administration

• Prepares tax returns and answers questions

• Disenrollment of Independent Contractors

Those who meet the following criteria may submit their self-assessment tax returns electronically: Since you are working for yourself, Even if you do not qualify as self-employed, you must file a tax return because you have rental income.

When You Can't E-File Your Tax Returns for Self-Employment:

• To work together

• Trusts and estates

• If you were a non-resident alien who had spent significant time

• to record several "chargeable gains,"

File UK Monthly CIS Report

If you are a regular contractor in the Construction Industry Scheme (CIS), you must submit a monthly return to HMRC. The CIS monthly return UK outlines the tax status of subcontractor payments. Regardless of whether they made any payments last month, all contractors must file this return with HMRC.

You do not need to file corporation tax returns for a month if you do not use a subcontractor. If there is a change, you can file a monthly CIS tax return report and make payment to the subcontractor within six months. If you have not lodged a return for the month you paid the subcontractors, HMRC will send you a reminder.

For tax purposes, contractors must report subcontractor payments to HMRC every month. HMRC will need to know whose subcontractors you've paid, how much you paid them, and if any deductions were taken out based on the information you provide on your CIS return. Unless included in the CIS monthly return UK, contractors must provide evidence that any subcontractors they use are up-to-date on their taxes for the two years before the current one.

Hire the best accountants in London

If you're tired of doing everything on your own and could use some extra time to focus on growing your company, it's probably time to hire an assistant to help you with the administrative tasks. We can help you out so that you can devote more time to expanding your business.

The extent of our involvement is entirely up to you. Choose the service(s) from our menu that best fits your needs, or take advantage of our competitive Bookkeeping and VAT services. We advise our customers to make use of particular bookkeeping software. As an added piece of advice, we say to go for a VAT Returns Uk that works well for your company.