Get your specialist financial advice with TaxAgility
Whether you have your own business or you’re just a tax-paying individual, managing your finances, including your taxes, is often a time consuming and challenging chore. What you need is a chartered accountant who understands your finances and who can offer a specialist financial advice service that will help to make your life easier.
What can TaxAgility provide?
At TaxAgility, our main aim is to get to grips with your finances so that we can offer you the best possible advice going forward. By understanding your financial situation, we can then work with you to create a long-term financial plan that will allow you to save, protect and invest your money to help you reach those future goals.
We have excellent relationships with leading firms who can offer expert and honest advice on a range of financial areas including:
- Investments
- Personal financial advice
- Corporate financial advice
- Pension schemes
- Retirement planning
- Mortgages
- Life insurance
- Critical illness cover
- Financial planning
The advice that you take away from our specialists will allow you to make beneficial decisions for your future and for the future of your business.
The benefits of specialist financial advice
By working with us, you can ensure that you’ll receive professional, impartial financial advice that is good value for money.
Having your own business can be a challenge, especially when it comes to managing the financial aspects. As a business owner, then, you could greatly benefit from our specialist financial advice services. This could help to ensure that you’re financially prepared… just in case.
TaxAgility has worked with a large range of businesses, everything from hotels and restaurants to tech start-ups, PR agencies, landlords and doctors. This experience has allowed us to work closely with business owners and management teams to truly understand the issues business face on a daily basis. With this knowledge, we have been able to provide a service that puts your business needs first.
Contact TaxAgility today
TaxAgility is dedicated to providing financial advice that is tailored to what you need as an individual. We recognise that everyone is different and that financial situations vary greatly. With this in mind, we aim to offer a service that is specific to you and the assistance you require from us as Accountants.
For more information on how we can provide you with the specialist financial advice you need, call us today on 020 8108 0090.
Building a better business with TaxAgility
TaxAgility are Accountants with a difference. As well as offering an accounting service where we can manage your accounts, tax returns and book keeping, we also provide assistance regarding better business growth. Ultimately, we want your business to succeed and we can work with you to give you the tools and techniques you need to develop.
A better business for you
Our better business advice can give you the helping hand you need to ensure that you remain successful in the ever-changing world of business. Working with us gives you the tips and support you need to push your business to the next level, whether that be starting to think about your online business development or thinking of ways to market your business to a larger audience.
As a business owner, there are a number of different things you should think about when attempting to draw more customers to your door.
Having a website is crucial, but if it doesn’t contain all the information that any prospective client needs, you may find that it doesn’t help you to attract many clients. As a small business accounting firm ourselves, we know what it’s like to start off small, and we also know how beneficial a good website can be. Based on our own experiences, we can offer you the support and advice you need to develop a useful and strong website for your business.
Social media is equally important. Having a good social media presence can help you reach out to more potential customers than your website can do alone. Using social media is a good way of advertising your business and it works best if you use it regularly. Posting daily on platforms such as Instagram, Facebook, LinkedIn and Twitter (depending on what best suits your business) can really help you to get your brand out there.
TaxAgility can help you to create a digital strategy that works for you and your business. Setting out a plan can give you more structure and can allow you to take advantage of the tools that are available. A digital marketing strategy can also help to identify who your target audience is and who your competitors are. This knowledge can support you in making informed posts on social media that will hopefully attract the customers you need.
Accountancy services for your business
As well as giving you the support and advice you need to better your business, TaxAgility can also provide you with all the accountancy services your business needs. Some of our services include:
- Completing and filing tax returns on your behalf
- Managing your bookkeeping and general accounts
- Advising you on future investments and pension plans
- Dealing with your payroll
- Helping you with corporate tax planning
- Providing VAT services
Our aim is to give you the best accountancy service to help your business thrive and expand. Coupled with our better business advice, we can offer you unique and bespoke services that can elevate your business and help you to be successful.
For more information on how TaxAgility can help you with making your business better, call us today on 020 8108 0090.
Should you make the move to contracting?
From experiencing financial benefits to having a more flexible working day, setting up as an independent contractor could be the best decision for you. However, before you make the move, here are some things you should consider:
- What skills do I have?
Setting up as a contractor means that you will be relying predominantly on the skills you’ve built up over the years. A current and comprehensive CV, which includes all your strengths and specialist skills as a contractor, is key to marketing yourself to potential clients and to being successful.
- What rates will I charge?
Contractors are in high demand, putting you in a good position to charge high rates for your services. In order to determine your rates, you should do some research around what others in your industry are charging and think about how much your own services are worth.
- Should I join an umbrella company or set up a limited company?
Before becoming a contractor, you will need to think about how you’re going to manage your business: will you set up under an umbrella company or will you set up your own limited company?
There are many pros and cons to each method and it’s important that you spend some time choosing between the two. TaxAgility can give you the advice you need to work out if an umbrella company or a limited company is the best fit for you.
- Choose an accountant that’s right for you
Owning a business, and running it successfully, requires a good understanding of finances and taxes. While it is fairly straightforward to handle the day-to-day bookkeeping, you may need some professional assistance when it comes to the intricacies of tax administration.
TaxAgility can help you to manage your accounts efficiently and we’ll deal with all the necessary tax responsibilities that apply to you as business owner. By taking on a majority of your accountancy needs, we are able to ensure that you’ll spend less time focusing on tedious paperwork and more time on running your business successfully.
How can TaxAgility help?
TaxAgility offer expert accounting services for contractors. We can complete a range of tasks for you, from filing your self-assessment tax return on your behalf to advising you on pension plans and potential future investments. Working with us can also save you money, as we’ll help you to minimise your tax liabilities by creating strategic tax plans.
For more information on how TaxAgility can help you to set up as an independent contractor, call us today on 020 8108 0090.
A personal tax service just for you
TaxAgility’s personal tax service is just that, personal. We provide a comprehensive service that is tailored to each individual and their specific tax situation.
Completing tax returns can often be challenging, stressful and time-consuming. We aim to alleviate this burden by managing the entire process for you, from beginning to end.
Our personal tax service starts with us assessing your finances in order to complete the necessary computations and to help you limit your tax liabilities. We then fill out the tax return and submit it directly to HMRC on your behalf. All this saves you time and money, and keeps your life stress-free.
As well as offering our services to individuals throughout London, we also cover three main areas in particular: Richmond, Putney and Wimbledon. These three areas have the added benefit of a local TaxAgility office where you can meet with one of our personal tax professionals directly.
Do I need to fill out a personal tax return?
Individuals who have a complicated financial situation are required to file a full personal tax return. In addition to this, a personal tax return is mandatory
- If you are self-employed, a contractor, or in a partnership business
- If you are a director of a limited company
- If you receive income from any land or property that you own, for example in the form of rent
- If you receive an income from overseas
- If you receive any gross income (income that has not had tax deducted from it)
Do you see your current tax situation above? If so, then you should be aware that a personal tax return is required from you every tax year. However, hiring TaxAgility to help with these tax matters can really make a difference. We can take on the responsibility of ensuring that your personal tax returns are completed and submitted in time, leaving you with more time to concentrate on the other important things in your life.
What do TaxAgility’s personal tax return services include?
Our personal tax return service is tailored to your specific financial needs. We can work with you to establish what you require from this tax service, thereby allowing us to implement a service with you in mind.
Our personal tax return services include:
- Preparing your personal tax return and file it on your behalf
- Taking a closer look at your finances to find ways in which you can save money by limiting your tax liabilities
- Offering you advice on pension plans or potential investments
- Helping you with disputing settlement negotiations and revenue investigations
- A fast, friendly and functional service
Speak to tax Agility today
For more information on how TaxAgility can help you with your personal tax return, call us today on 020 8780 2349 and we can arrange a free consultation.
Alternatively, if you’re a resident of Richmond, Putney or Wimbledon, you can come to our TaxAgility office where our tax professionals will be happy to help you.
Do you qualify for marriage allowance?
According to HM Revenue and Customs, nearly half the couples that are eligible to claim marriage tax allowance are still failing to do so. The tax allowance, amounting to £230 a year, can be given to all married couples and civil partnerships provided that they also conform to basic income criteria.
Marriage tax allowance was introduced in 2015, and since then only 2.2 million couples have claimed it, from the 4.4 million couples that are eligible. In order to help and encourage couples to apply for the marriage allowance, the government has since simplified the application process. HMRC have also launched several advertising campaigns urging people to apply and highlighting the eligibility criteria.
How does marriage allowance work?
There are some basic criteria that partners must fulfil in order to qualify for the marriage tax allowance. This criteria includes:
- Partners must be married or in a civil partnership.
- One partner must be working and paying the basic tax rate of 20%. If they earn over £45,000 they will not be eligible.
- The other partner must be earning less than £11,500 in 2017-18 and be paying no taxes.
- If these conditions are met, the partner who is not paying tax can transfer 10% of their tax allowance to their partner, so saving £230 within the tax year.
- You can backdate your claim to include previous tax years since 2015.
How can you apply for marriage allowance?
Applying for marriage tax allowance is straightforward. You can complete the form online on the gov.uk website.
Before you complete the form, you should have a few things to hand:
- Your National Insurance Number
- Your partner’s National Insurance Number
- A way to prove your identity. Can be any of the following:
- the last four digits of the account that your child benefit, tax credits or pension is paid into
- the last four digits of an account that pays you interest
- details from your P60
- details from any of your 3 most recent payslips
- your passport number and expiry date
With this information you can easily apply for marriage tax allowance and receive £230 a year. Don’t forget to check whether you might be eligible for back pay from previous tax years since 2015.
How can TaxAgility help?
At TaxAgility, we are skilled Accountants who specialise in helping individuals with their tax needs. We can find out if you’re eligible for any tax breaks, such as the marriage tax allowance, and work with you to apply for these and subsequently benefit from them.
In addition, we can also help you to deal with your everyday finances. It’s important to us that you and your family are aware of the finances available to you so that you can properly plan for your future. By working with us, you will receive professional advice and assistance on how to make the most out of your income.
If you’d like any further information on how TaxAgility can help you with your finances and taxes, contact us today on 020 8780 2349 or use our enquiry form.
Why Hire an Accountant
We know what you’re thinking — you’ve been told time and time again you should hire an accountant to look out for the financial success of your new business, but you ask yourself; do I really need somebody else on hand, looking through my books — can’t I just do it myself?
In truth, yes you can. It may seem counterintuitive for us to say, but if you’re a very small, recently formed business, you can get by without an accountant for a short period. But the question is, why would you want to?
So, why hire an accountant? Possibly the most logical reason to hire an accountant is due to the simple fact that they’re on your side; your success if their success. For this reason, hiring an accountant is much more of an investment rather than an expense. Mostly because when you choose to take on an accountant…
They uncover hidden savings
An accountant can uncover obscure, hidden savings in your accounts that you, as a business owner (new or old), wouldn’t necessarily think to look for.
This may sound like an immodest boast, but it makes perfect sense when you think about it. Chances are you are entirely on top of your industry, as you keep up with every little change that takes place; day in, day out. The same is true of an experienced, professional accountant.
For this reason, your accountant can provide you with proactive business advice whenever an occasion calls for it, helping you to take advantage of new government legislation the moment it comes into force, and therefore greatly impacting your bottom line.
They save you time and headaches
There’s a good chance that the daily financial management of your business is by far your least favourite activity of the day. It's probably a good idea to hand these tasks over to a professional then, while you can use your newly-saved time to focus on areas of your business that you are an expert at improving.
It’s sounds like a cliche, but when you hand over your accounting work to a professional accountant you’ll also save yourself numerous headaches, as you know your accounts are being kept up to date at all times and all necessary forms are being filed — something it’s often hard to remind yourself to keep up with.
They identify new tax planning opportunities
New tax planning initiatives are frequently being unveiled by the government, and though you may have your ‘finger on the pulse’ to some extent, it’s your accountant who will be paying special attention to these areas. This is because they know that money saved for their clients (including you) encourages you to continue the relationship.
Whether these are tax planning opportunities you're not currently taking advantage of, advising you to reconsider whether you’re still applying the best VAT scheme as your business grows, or identifying a way for you to maximise your tax credit claims, hiring a proactive, experienced accountant will ensure that these new opportunities are available to you on a regular basis.
Professional, experienced accountants
To speak with professional, experienced accountants to discuss how we can help you and your very unique business needs, contact us today on 020 8780 2349 or get in touch with us via our contact page to arrange a complimentary, no obligation meeting.
This blog is a general summary. It should not replace professional advice tailored to your specific circumstance.
What is the future of UK taxes after Brexit?
With all the uncertainty surrounding Brexit and the confusion about what this will mean for the UK once it has left the EU, TaxAgility can understand that this may be worrying for you. As Accountants, we aim to help our clients with any accountancy and/or tax issues they may have. With real issues surrounding tax and its potential changes hitting the headlines, we want to reassure our clients that even though things may be different, they don’t have to be scary.
What’s the issue?
Deciding to leave the EU has put the UK in a bit of a precarious situation, especially with respects to the future of UK taxing. Traditionally, the EU has supplied all of its member countries with massive monetary contributions, which have manifested in the form of grants, subsidies, and bursaries that have all assisted the UK economy in some way.
Without money from the EU, the UK will need to source money from its own economy in the form of taxes, and this is what is making a lot of people nervous. In order to ensure that the UK’s overall economy will not suffer too much after Brexit, a broad and stable tax base is needed. Such a tax base should be fair for all UK citizens, which means that the chancellor of the Exchequer has a lot to think about as the Brexit negotiations continue.
How can TaxAgility help?
As Accountants, we are very well versed in the ins and outs of UK taxes. We make it our business to ensure that we are up to date with all changes to the taxation system, should they occur. Whether you are a business owner or just a tax paying citizen, understanding that things may change after Brexit is important and you should be prepared for your future.
Our experienced advisors can aid you with developing a clear and easy to follow tax plan that can support you with optimising your tax position. We will provide you with expert advice that will allow you to get to grips with your finances and ensure that you are well equipped for living in the UK after Brexit.
Contact us today
If you’re unsure about how Brexit has the potential to change your tax paying habits, call us today on 020 8780 2349. Even though nothing is set in stone just yet, we can help you to prepare for your future.
Investing in your business
Starting a new business and running it can be difficult. TaxAgility believe that it should be a rewarding experience and so we are here to help you with all your financial, legal, and fiscal issues so that you can focus on doing the things you love.
Our services
TaxAgility can offer you a range of services to help you set up your own business. As Accountants we are professionals who will work closely with you to formulate a business plan, find the right financial structure for your business, and help you to meet the necessary regulatory requirements. It is important to us that you have everything you need to help set up your business in the easiest way possible.
We can provide you with:
- An assessment of your financial requirements, including how best to finance your business, how to write a successful business proposal, and how to approach banks
- Advice on how your business should be structured, whether you should be a sole trader, work in partnership, or be a limited company
- Advice on how to apply for tax efficient investment schemes such as the Enterprise Investment Scheme and the Seed Enterprise Investment Scheme
- Help with preparing your business plan in terms of cash-flow projections, budgets, and trading forecasts.
- Help with registering with Companies House and HM Revenue and Customs
- Managing your company secretarial services
- Advice on how to set up financial, management, and record-keeping systems that comply with statutory requirements
Business tax
With every new business comes the over complicated and very tedious world of taxes. There are a range of ways in which TaxAgility can help you with your tax needs. We aim to minimise your tax liabilities by providing an outsider’s view of your business and giving you a strategic review of how you’re doing.
We can help with:
- Preparing self-assessment tax returns
- Planning strategic reviews to minimise tax liabilities
- Advising you on VAT, NI, and employee benefit legislation
- Advising you on tax implications of the sale and purchase of business
- Settling business disputes and investigating revenue
Choosing TaxAgility
By choosing to work with us, you can be sure to get experienced accountants and business advisors who are dedicated to offering you the best business advice and tax assistance to allow you to make the most out of your company. We tailor our expertise to your needs so that we can help you create a business plan that is specific to your personal business.
Our aim is to maximise efficiency and to minimise costs which ultimately saves you money and puts you in a more comfortable financial situation. We want to see your business grow into a successful company and we can support you in getting there by identifying potential business opportunities, advising you on your finances, and developing a feasible plan that’s easy to follow.
Contact us
Call us today on 020 8780 2349 for some expert advice on setting up your very own business, and for some hands-on help with ensuring it becomes successful.
Accounting for small businesses
Starting up your own small business is a big achievement. You’ve invested in a project you’re passionate about, you’ve worked hard to establish a name, and you’ve developed a clientele. However, paperwork and official matters can make running a business more difficult. This is where TaxAgility comes in.
What can we do for you?
We, at TaxAgility, are experienced Accountants who aim to minimise your tax and maximise your efficiency. We can assist you with everything from accounting and bookkeeping, to taxes and general business advice. Sometimes, just having someone there who understands the ins and outs of business can help you make the decisions you need to move your business forward.
Accounting services
There are many different ways to manage your bookkeeping and accounts. We will work with you to establish the best methods for your business. In order to understand more about your business needs and the requirements you have, we will we can arrange personal meetings with you to discuss the logical next step for you. Dealing with accounts and bookkeeping can be complicated but we are here to make you feel more at ease.
There are multiple issues that may arise when working with your own accounts and tax responsibilities. Some of these issues may include:
- Knowing the difference between bookkeeping and accounting
- Knowing when your tax deadlines are
- How you should organise your bookkeeping and what software you should use
- How to keep your records, receipts, bank statements, and invoices
- Understanding what year-end accounts are
- Whether or not your company is exempt from audit
- Knowing what accounts need to be filed with Companies House
Talking to an expert will help you to understand how your accounts work and will enable you to make informed and efficient decisions about where you want your company to be in the long run.
We offer competitive rates and are completely transparent, with a monthly fixed fee and no hidden charges. This gives you the confidence to know that we work with you, our customer, in mind.
Get in touch
By assisting you with all the frustrating and time consuming accounting and tax issues that your business may have, we leave you to focus on the day-to-day running of your company, so you can concentrate on the stuff that matters most to you.
For more information on how we can help you with your accountancy needs, call us on 020 8780 2349.
How can we help you with your personal tax issues?
TaxAgility aims to offer resources to make life easier for our customers. Working with us means you will get a quality service that can help you to make sense of your personal tax issues, whether that be your personal tax returns, dealing with personal tax planning, or understanding trusts and inheritance tax.
There are many services that we offer to help you get the most out of your tax responsibilities. We will help to make your tax issues easier to manage and to ensure that you acknowledge any tax saving opportunities you may be due.
Personal tax service
We can take up all your personal tax responsibilities, making sure that we complete all the necessary computations before sending the return forms and communicating with HMRC on your behalf. By leaving everything to us, you can be sure that your personal tax returns are being handled by professionals who can provide you expert care and appropriate, individual tax advice.
What personal tax services can we offer?
We can offer many services relating to your personal tax needs, including:
- Preparation of self-assessment tax returns
- Strategic reviews to minimise tax liabilities, including inheritance tax planning
- Dispute settlement negotiations and revenue investigations
- Advice regarding pensions and investments
Personal tax planning
We can aid you in making the most out of your income by helping you to take advantage of the personal tax savings that are available. Our professional advice has the potential to optimise your tax position. Working with us will mean that you will have a better understanding of your financial position and you can move forward with a targeted personal tax plan that fits your particular circumstances. We can offer advice on a range of personal tax planning issues, including:
- Income tax
- Trusts and estates
- Inheritance tax
- Capital gains tax
Trusts and inheritance tax planning
Trusts are useful for protecting your assets for future beneficiaries as they can reduce any impending inheritance tax liabilities. In order to benefit from potential tax opportunities, and to use your trust in an efficient way, it’s a good idea to engage in some inheritance tax planning. We will help you to take advantage of your trust and maximise monetary gain with our useful and personally tailored advice. We can also deal with all the administration associated with trusts, such as book keeping and record keeping. This will alleviate the stress and inconvenience that comes with inheritance tax.
We can offer a variety of services to help you get the most out of your trusts and inheritance tax, including:
- Advising on tax advantages and helping you to select a suitable trust
- Advising on wills to ensure tax efficiency
- Maximising inheritance tax reliefs and exemptions
- Planning life-time gifts and making full use of exemptions and lower tax rates available
- Transferring assets into trust
- Advising on adequate life insurance to alleviate any inheritance tax impacts
For more information on how we can help with all your personal tax needs, call us today on 020 8780 2349.