Are you seeking help with your self-assessment tax return in London?

There are many advantages to being self-employed but self-assessment tax returns aren’t usually considered one of them. If you dread filling in this type of form, you’re in good company with thousands of other self-employed people and sole traders.

Cass Hampton Limited is committed to providing the best accounting services available in London, including completing tax returns and helping with bookkeeping.

Do you need expert advice regarding tax returns?

If you’re based in East London, our chartered accountants and tax advisors are always keen to help. Whether your company is big or small, we can provide all the advice you need regarding corporation tax. In many cases, we can even reduce the amount of tax you pay.

Did you know Londoners are the most likely to return their tax return late and incur that £100 penalty?

This fact was discovered in a survey by HMRC which also found that older people are most likely to return their tax return early, with those aged 65 or over less likely to miss the deadline.

HMRC have given non domiciled taxpayers a two year window to reorganise their mixed funds into capital, income and gains. This window will operate from 6^th April 2017 to 5^th April 2019.

As Crypto Currency becomes popular individuals are quickly realising gains on their small initial investments. Many investors do not realise once gains are realised the tax implications they are exposed to.

Changes from 6^th April 2017 have impacted on many HNWIs leaving the UK as some elections can no longer be made such as remittance basis claims. If Non Domiciled individuals have been resident in the UK for more than 15 years they will have to

Business owners need to ensure they are aware of the impact of the new initiative ‘Making Tax Digital’ (MTD). From April 2019 businesses with turnovers in excess of the VAT threshold will need to keep digital tax records.

Discovery assessments can be made under section TMA 1970 by HMRC on individuals who have not paid sufficient tax. HMRC have four or six years from the year of assessment to raise discovery assessments and investigate a taxpayer and raise an assessment on a taxpayer.

The Spring Budget 2017 announced that the dividend tax free allowance will be reduced from £5,000 to £2,000 from 6^th April 2018. This will result in a decrease in disposable income.