Accountancy services

tailored to suit your needs

Phone

01733 699033

We believe in getting to know our clients AND their businesses. This means we will understand both your personal circumstances and those of your business to provide a more holistic service. Armed with information that is accurate, up to date and understandable, you can get on with running your business successfully safe in the knowledge that you are minimising your tax liabilities as effectively as possible.

Services to individuals – The Self Assessment Tax Return

Every tax payer needs to assess their own liability to taxation and determine whether they have paid sufficient tax. The rules around whether you need to register for Self-Assessment, when to make a payment, what needs to be declared or what to do if you think you have overpaid can be quite confusing. Additional legislation and regulation leaves many taxpayers unsure about where they stand with regard to taxation and reliefs, particularly surrounding areas such as company cars, health cover, pensions and other benefits.

Here at LeeP, we have our tax specialist who can advise whether you need to self-assess, what needs to be submitted and help file your return to HMRC for you.

This service is included as part of our Essentials package aimed at sole traders & Contractors and is also available as an option for all our other packages

Should you wish for us to help you prepare your Self Assessment Tax return without any bookkeeping then we are attractively priced at just £299 + VAT for this one-off service. Should you also require bookkeeping/ invoice processing and do not wish to take out our easy-payment Essentials package, then the price is just £550 + VAT

Here are some of the types of individuals who need to prepare a Self Assessment Tax return:
Self Employed
In receipt of £2,500 or more of untaxed income (investments, rental income etc)
In receipt of profits from selling shares, a second home or other chargeable assets
Company Directors
Income of more than £100,000
In receipt of child benefit where you (or your partner) earned over £50,000

Part of our services are ensuring that our clients are updated on what are allowable business expenses generally accepted by HMRC – see our handy guide on allowable business expenses

Corporate tax

Your corporate tax requirements will range from routine annual return preparations to more specialist advice. We have tax specialists on hand to help you plan the most tax-efficient approach to every aspect of your business.

With the governments Making Tax Digital Scheme coming into force from 2017 which sees more regular tax returns (quarterly) being made mandatory, it is even more important to be on top of your corporate taxes to avoid any unnecessary penalties or repercussions of late or missed filings. LeeP financial can assist you in this regard, affording you the time to focus on the other aspects of your business growth.

VAT services

Value added tax is one of the most complex and onerous tax regimes imposed on businesses – so complex that many businesses inadvertently overpay or underpay VAT.

The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of HMRC call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay the Exchequer more than you need to!

We provide an efficient cost effective VAT service as part of our 4* & 5* packages or as a bolt-on option to our 3* package, which includes:
Assistance with VAT registration
Advice on VAT planning and administration
Use of the most appropriate scheme
VAT control and reconciliation
Help with completing VAT returns

 

To discuss your Business or Personal Tax situation, call LeeP on 01733 699033 or use the Contact Us Form. LeeP – Your Local Accountants in Huntingdon & Peterborough