Sole Trader Or Landlord With An Income Over 50k - Act Now
We pride ourselves on making sure your statutory accounts and any tax computations are accurate and produced in a timely fashion.
No need to wait until your tax payment is due - we will notifiy you of your liability in good time for you to budget.
We have a dedicated client accountant to look after all your needs and questions.
Not just for your year end but we are available throughout the year to discuss your business needs and queries.
Limited companies have a legal requirement to submit their accounts to Companies House each year in a designated format.
Accounts need to be filed at Companies House 9 months after the company's financial year end, available publicly so need to be accurate.
At Ann Richards we pride ourselves on having company's accounts done accurately in a timely manner.
We offer tailored and structured support for each individual business.
Be safe in the knowledge that someone is looking after your company's affairs.
Companies are under extreme pressure with increasing obligations, penalties for non-compliance and with rates and legislation changing regularly.
We can ensure that the returns are submitted on time and with the information required. We are here to discuss any tax planning and to help with your business success.
We always aim to give you plenty of time to budget for any payment due.
You can leave this minefield to us by using our service to prepare your Corporation Tax return.
Completing and submitting your self assessment can be very stressful and extremely complicated.
At Ann Richards we make this stress free and less complicated for you.
We ask you for the information and paperwork we need to do all the calculations and speak to you to discuss before submitting your return to HMRC.
With us producing your tax return in a timely, accurate manner you will feel confident that you are submitting the correct information required.
Many accountants have stopped face to face meetings but we feel a chat can help with the correct completion of your self assessment.
We believe in letting you know your tax liability as early as possible and do not let you wait for the figure until the 31st January.
As part of our accounting service we can also offer company secretarial services, as follows:-
Completion and filing of Confirmation Statements
Change of Company name
Changes to accounting dates
Share capital transfers etc
Appointments and resignations of Directors
Changes of Persons with Significant Control (PSC)
Registered Office address facility
Capital Gains Tax needs to be paid to HMRC when possessions or assets are sold worth more than £3000.00 at the point of sale but only on the profit.
The asset can be many items including compensation claims, gifts, transfer of ownership, businsess assets, residential properties (not your main home), buy-to-let properties etc.
Capital Gains Tax on UK property needs to be reported to and paid to HMRC within 60 days of the disposal.
Ann Richards can help you report this and calculate your liability as there are many reliefs available to reduce your tax liability.
Failure to report correctly and within the deadline will incur penalties.
Plan early so you can minimise your tax liability.
When you start thinking about setting up your own business it's good to speak to someone to discuss what the best way forward is for you.
You can either become:-
Sole Trader
Partnership
Limited Company
Limited Liability Partnership
We can help you to register with HMRC and/or Companies House and setting up the business.
When you have a registered PAYE scheme and pay your employees any benefit in kind, you have a responsibility to notify HMRC each year.
We can calculate your liability, produce P11Ds for your employee and submit to HMRC.
Some Benefits in Kind examples:-
Company Vehicles
Private Healthcare
Accommodation
Interest-free Loans
Mobile Phones
The new MTDITSA rulings are very close to being mandatory.
Are you self employed or a landlord with an annual income over £50000.00? You need to act before the 5th April 2026.
HMRC will require you to submit your income and expenses on a quarterly basis after this date.
This may feel like an immense burden but Ann Richards can deal with everything for you.
Do not leave this to the last minute. HMRC will be inundated with queries and problems. Start using MTDITSA as early as possible so you are compliant before the deadline.