Tax Accountant Lincoln
Accountants and Tax Advisors
Tax Accountant Lincoln is part of the network of experienced professionals and proactive accountants. We offer a wide range of accounting and tax services; Contact us today to discuss your requirements
Get Professional Help for Your Business
Tax Accountant Lincoln
LET US TAKE CARE
OF TAX COMPLIANCE
If you are a freelancer or a business owner, filing your own tax returns and dealing with the tax on your own will become stressful and difficult when you get into complex situations. You will require an in-depth understanding of tax law to understand how to do correct compliance. If you are not familiar with the rules and guidance, you are potentially running the risk of making an expensive mistake. Failing to disclose your tax liability, even by accident, can result in the start of HMRC investigation for tax evasion. You can avoid this by engaging a team of expert tax accountant Lincoln. When you need a tax accountant Lincoln, our professional team are happy to assist. Give us a call or send us an online inquiry, and you can receive a no-obligation consultation completely free of charge. You can rest assured that you are in the safe hands of a team with over a decade of experience in the taxation industry.
Who We Are ?
We Are Professional Accountants, Tax Advisors and Business Consultants
Our team consists of highly qualified accountants, Ex HMRC Tax Inspectors and industry known business consultants
If you are self-employed or have a small business, let our team of best accountants and tax advisors take care of your accounting and tax compliance
We are here to help you with any questions you may have
As your accountant we can assist with tax compliance for your Lincoln business including: registering for self-assessment and VAT if required, setting up digital payroll or CIS deductions for construction, understanding your VAT obligations, filing required returns like VAT or PAYE on time, claiming appropriate allowances and deductions, maintaining proper accounting records for tax purposes, applying for government incentives like R&D credits and ensuring you meet all ongoing HMRC reporting and payment requirements.
Our tax accounting expertise offers Lincoln self-employed individuals and contractors a range of tax planning opportunities such as: claiming all allowable deductions for expenses like mileage, home office use, equipment, broadband etc, advising on the most tax-efficient business structure for your circumstances, reviewing the optimal salary and dividend mix, timing income and expenditure around the tax year-end to maximise reliefs, claiming available credits and reliefs for investment or innovation, and using tax-efficient pension arrangements effectively.
Key tax records to retain include: invoices, receipts, bank statements, mileage logs, accounting records, payroll information, assets register, insurance, contracts, stock inventories, dividend and director pay documents, VAT records and tax return paperwork. As your accountant we can store records digitally and ensure you meet the 6 year statutory retention period for tax documents. Maintaining thorough evidence allows us to maximise available tax relief.
Engaging subcontractors brings payroll complexity around whether PAYE or CIS applies depending on circumstances. As your accountants we can ensure correct handling of payments to individuals including deduction of CIS tax where required, advise on IR35 and employment status issues, file monthly CIS returns for any subcontractors paid gross and validate supply chain compliance.
Yes, we can review the penalty and if we believe it is unfairly issued, prepare and lodge an appeal on your behalf. We will gather documentary evidence to argue your position and can correspond with HMRC or appear at a tax tribunal hearing to seek to overturn unjust penalties. Our experience with the appeals process makes us well equipped to contest penalties.
Our tax experts offer a range of landlord advisory services including ensuring the correct tax treatment of rental income and expenses, advising on which expenses are allowable deductions, handling income and capital gains tax compliance for rental properties, assisting with changes in ownership or transfers, completing the Annual Tax on Enveloped Dwellings (ATED) return where required and advising on potential tax planning opportunities.
Not answered above?
If you need advice regarding your personal circumstances, please call our office or book an online appointment.
What our clients say
Employer-provided vans offer a valuable benefit to employees, allowing convenient transportation for work purposes. But when does personal use of a company van trigger taxable
When a major shareholder in a private company wants to sell their shares and exit the business, the ideal scenario is for the other shareholders
With record-setting inheritance tax receipts, is it time for investors to consider AIM shares as an IHT mitigation strategy? Inheritance tax has been dubbed the
If your business buys or sells second-hand goods, you can use a VAT margin scheme to simplify your VAT accounting. Margin schemes allow you to
The residence nil rate band (RNRB) was introduced in April 2017 to allow individuals to pass on a greater proportion of their estate free from
You have been invited to purchase a minority stake in a new business venture. This presents an exciting opportunity, but before committing funds, you want