INDIVIDUALS
Many individuals are required to submit self-assessment tax returns each year, whether you are a landlord declaring property profit, earn investment income or an employee with high earnings. At Morgan Accountancy Solutions we can assist you throughout the year to ensure you meet all deadlines and help you plan for future changes.
We can help you prepare and file your tax returns and ensure these are submitted within HMRC deadlines. Also claiming expenses, allowances and reliefs where possible to ensure you don’t pay more tax than you need to.
LANDLORDS
When renting out a personally owned property, you’ll need to declare profits to HMRC on a tax return each year. There are varying tax implications for different types of property investment, you’ll also need to know what tax reliefs you can claim for expenses and the finance restriction rules.
CAPITAL GAINS TAX RETURNS
These are needed when you have a tax liability on selling residential property. With a 30 day submission and payment deadline from the sale date, it’s essential to review this prior to sale so that you know what to expect.
FEE PROTECTION INSURANCE
We offer HMRC investigation insurance which covers our fees if HMRC were to raise any enquiry into your affairs, giving you peace of mind that there won’t be any unexpected fees raised.