We are personal tax experts
The personal tax return in the UK is called a self assessment and this is where you declare all income to ensure your tax liability is accurate.
Lera Accountancy provides a wide range of personal tax services from preparing and filing annual tax returns to complex tax situations that require thorough planning and structuring.
We will simply your personal tax requirements so they are easy to understand and your tax bill is as low as possible as required by law. Our team includes highly skilled personal tax advisors with extensive experience to help you through the maze of laws so you can get the best outcome without the worry.
Our personal tax service
You get a dedicated personal tax accountant with unlimited support who will:
- Evaluate your tax status and confirm if you are required to complete a personal tax for the year, which is called a self assessment.
- Register you with HMRC for self assessment if required and represent your personal tax affairs.
- Provide guidance on the records and documentation you need to maintain throughout the financial year. This ensures accurate tax calculations and helps us identify any deductions to minimise your tax liability.
- Ensure all eligible sources of income are properly declared to avoid potential issues such as tax investigations or penalties.
- Accurately calculate your tax liability for the year by identifying all eligible deductions to reduce your tax bill as much as possible in line with legal requirements.
- Provide a copy of your tax return with a summary detailing how we calculated your self assessment for you to review, approve, and sign.
- Upon your approval, submit your tax return to HMRC, ensuring compliance with deadlines and accuracy in filing. You’ll receive a copy of your tax return for your records. We maintain a digital record in case you ever need a replacement copy.
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Need additional support?
Our experts can guide you with the following that affects your personal tax return such as:
- Income tax planning.
- Land and property portfolio planning to minimise tax exposure on investments.
- Capital gains tax planning and tax relief options such as Entrepreneurs’ Relief.
- Inheritance tax planning.
- Remuneration planning.
- Trust planning.
- Residency and domicile issues.
- Tax-efficient investment schemes such as SEIS or EIS.