Our tax accountants in Battersea help individuals and businesses manage their financial and tax obligations. Services include preparing financial statements, filing tax returns, providing advice on legal tax savings, and providing bookkeeping and payroll support.

For businesses, we assist with company setup, cash flow management, and budgeting, ensuring compliance with HMRC regulations and providing support during audits. For individuals, we help with personal tax returns, especially for those with multiple income sources, ensuring accurate and timely tax payments while finding ways to legally reduce tax liabilities.

A tax accountant acts as a guide for small businesses, helping them maintain financial health by tracking income and expenses (bookkeeping) and ensuring accuracy for tax filings and financial reports. They manage payroll, ensure proper handling of taxes like National Insurance, assist with VAT registration, and advise on tax benefits for major purchases or investments. By simplifying tax laws and managing the workload, they allow business owners to focus on growth.

VAT (Value Added Tax) is applied to most goods and services sold in the UK. Businesses earning over £85,000 per year must register for VAT and comply with rules regarding charging, collecting, and paying it to HMRC. A tax accountant ensures proper VAT handling, assists with claiming back eligible expenses, and prepares quarterly VAT returns. Mistakes can lead to fines or penalties, making expert guidance valuable. Accountants also help choose the most beneficial VAT scheme for different business types.

Payroll is the process of paying employees, which involves calculating salaries, deducting taxes, and ensuring National Insurance contributions are paid to HMRC. Businesses must provide payslips and report earnings regularly.

Tax accountants manage payroll to ensure these tasks are completed accurately and on time using specialized software. This helps small businesses avoid mistakes that could result in fines or employee dissatisfaction. A tax accountant simplifies payroll by handling everything and keeping records organized.

Business planning involves preparing for the future by setting goals, budgeting, and managing finances wisely. A tax accountant plays a crucial role by analyzing finances and offering advice. They create cash flow forecasts and assist with capital expenditures (CAPEX), helping businesses manage large purchases for tax benefits. When seeking loans or funding, accountants prepare necessary financial documents and provide tax planning advice to minimize tax liabilities. Overall, they help ensure businesses are financially ready to grow and succeed.

Tax accountants assist individuals with personal taxes, especially in complex situations like rental income, investments, or freelance work. They ensure all income is accurately reported to HMRC and calculate the tax owed. Accountants also help clients claim tax refunds for overpaid taxes and provide advice on inheritance tax for better future planning. Their main role is to simplify the tax process, handle paperwork, and ensure accuracy, which saves time and reduces the risk of mistakes or penalties from HMRC.