Welcome to
Tax Accountant Lincoln

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.