TAX RETURNS

TAX EFFICIENT HMRC COMPLIANCE

Completing your tax return shouldn’t be stressful. TFA will manage the process for you – preparing and submitting your tax return whilst dealing with HMRC on your behalf. Having TFA on board will mean we make sure you meet all HMRC deadlines and utilise all available tax reliefs.

Our Cambridge & Ely based team can help with the annual submission of the following tax returns:

  • Personal tax returns
  • Partnership tax returns
  • Trusts & Estates tax returns

PERSONAL TAX SPECIALISM

TFA was born out of providing high quality tax advice to individuals across Cambridgeshire, to include the completion of annual tax returns. This is our passion, and our knowledge of personal tax matters is second to none. The type of annual tax returns we manage include:

  • High net worth individuals
  • Tech entrepreneurs
  • Buy to let property investors
  • Private equity professionals
  • Non-Domiciled individuals and the remittance basis
  • Self employed
  • Business owners
  • Property developers
  • Share options

 

Whether you are looking for annual assistance with your tax return, or need one off help with a complex transaction or change of circumstances, get in touch with TFA today.

TAX SAVINGS

As part of all the tax returns we complete, an assessment of tax planning (saving!) opportunities is carried out. At TFA we are always looking to go the extra mile and deliver added value with the services we provide. Areas of tax planning we consider annually include:

  • Asset ownership
  • Managing income levels and retaining allowances
  • Pension contributions
  • Charitable giving
  • Tax efficient investments
  • Business structure
  • Income extraction

TAX ENQUIRIES & DISCLOSURES

From time-to-time HMRC may raise an enquiry into your tax affairs, which could be a basic compliance check or a more complex investigation into your income and gains.

This can be daunting, but we have many years’ experience dealing with HMRC and reducing the impact of investigations.

HMRC now have access to and are provided with (by financial institutions) unprecedented levels of information to include income and gains of individuals. If you are aware of any undisclosed liabilities it is in your best interest to disclose these before HMRC contact you to discuss. TFA have extensive experience making disclosures to HMRC and can guide you from start to finish, helping to secure the best possible financial outcome.

If you receive a letter from HMRC requesting further information about your financial position, or to raise an enquiry into your tax affairs, please contact us for advice.