Help Submitting Your 2019-20 Tax Return – Due This Month!

Do you need to file your 2019-2020 Self-Assessment tax return? We can help! At Taxfile, we submit hundreds of Self-Assessment tax returns every year. We will fill in the figures, compute any income tax owed or rebate payable, and submit the tax return to HMRC for our customers. It’s easy and affordable!

Following an extension to the deadline, your Self-Assessment Tax Return is now due no later than 28 February. Don't leave it until the last week, though, or you'll be caught in a bottleneck along with everyone else who did the same.

Make a start today by filling in the short yellow form here and we'll be in touch with the next, simple steps.

Your Tax Payment Was Due on 31 January

Despite HMRC's recent extension to the tax return deadline, people's tax payments still needed to be paid by the end of January. So, if you have not yet paid any outstanding income tax on self-employed earnings, your payment is now overdue and this will cost you more money. However, maybe you need to work out the correct tax to pay. We can help with that too — just get in touch and we'll begin the process of working out figures for you, so you pay just the right amount — simple!

Are You Late Submitting an Older Tax Return?

If you still haven’t submitted your tax return for past years, HMRC penalties are expensive and cost more the longer you leave it. So, the faster you sort this out, the lower your HMRC fine will be. We can help you with this too, so you don't continue to incur HMRC charges. Make a start here so we can sort this out for you.

4th SEISS Grant To Be Announced in March!

Money Saving Expert founder Martin Lewis has announced exclusive news about a possible 4th SEISS Grant for self-employed people. The Self-Employment Income Support Scheme (SEISS) offers direct financial support from the Government for those self-employed people who have seen a significant drop in profits due to the coronavirus pandemic, where eligible. Martin says the official announcement is currently scheduled for 3rd March 2021 during the Chancellor of the Exchequer’s Spring Budget.

Applications for the current 3rd SEISS grant closed on the 29th of January. The fourth SEISS grant period will cover the months February, March and April. Learn more about the possible 4th SEISS grant here.

Coronavirus Job Retention Scheme Extended!

If you’ve had to ask your employees to stop working or work less because of coronavirus (i.e. put them on ‘furlough’) you can get support to pay their wages for the hours they do not work. The government will pay 80% of employees’ usual wages for hours they do not work, up to a maximum of £2,500 per month. The scheme has been extended until 30 April 2021.

Time is almost up if you want to claim for January (claim by 15 Feb!) and you can no longer submit claims for December or November. See the deadlines for claims and learn more here.

Bounce Back Loan Scheme Deadline Extended!

The Bounce Back Loan Scheme (BBLS) was an initiative struck between the Government and banks to enable small businesses to access finances quickly during the pandemic.  It allows businesses to have access to 25% of their 2018/19 turnover, with a loan available between £2,000 and £50,000.  The loan needs to be repaid within 6 years at a reduced interest rate of 2.5%, with the Government paying the first 12 months of the interest. The Government has now extended the scheme and businesses can apply until 31st March 2021. Learn more here.

Find Coronavirus Financial Support for Your Business

Coronavirus (COVID‑19) support is available to employers and the self-employed, including sole traders and limited company directors. You may be eligible for loans, tax relief and cash grants, whether your business is open or closed. Use this business support finder to see what support is available for you and your business.

If you are operating a businesses in Lambeth, you can also sign up to a Lambeth Council mailing list to receive updates on support available, including any new grants which become available. Sign up here.

VAT: Domestic Reverse Charge for the Construction Sector

The Domestic Reverse Charge (DRC) for the construction sector comes into effect on 1 March 2021. If you are VAT registered & your work falls under the Construction Industry Scheme (CIS), then you need to be aware of new rules around your handling of VAT. Learn more about the changes here, including our suggestions for those construction workers using the VAT Flat Rate Scheme.

Accountancy Services for Limited Companies

Looking for an accountant for your limited company? Maybe you need help with your annual statutory accounts. Or perhaps you need an expert to do your bookkeeping or payroll, or to sort out National Insurance, VAT or something else. No problem! Taxfile are accountants and tax experts who are here to help limited companies with all their accounting needs. Learn more here or book an appointment here to discuss your requirements further.

Are You a Landlord?

Taxfile are accountants who offer expert tax advice and accountancy for property rental & lettings income. If you need assistance with filling in tax forms, preparing accounts, calculating tax, working out any capital gains implications and dealing with the Inland Revenue, Taxfile can help. Learn more here or get in touch and we can discuss the next, simple steps.

Tax Help for Taxi & Cab Drivers

Accountancy help is also available for South London taxi drivers, cab drivers/firms, couriers, driving schools and limo/private hire drivers. Taxfile can help navigate what can be complicated and confusing accounting aspects associated with the industry. These include VAT, record keeping and employed/self-employed status issues. Learn more here or book an appointment here to discuss your requirements. We'll be happy to help.

Refer a Friend & Save Money!

Receive 10% off your Taxfile bill when you refer a friend, colleague or family member who goes on to use paid-for Taxfile services. Refer more than one and you get another 10% discount! Ask for more details to learn more.

Fee Protection Insurance for Taxfile Clients

If you file your tax return on time through Taxfile, you have full insurance cover if HMRC ever decides to investigate the figures we have submitted to them (terms apply). In effect, that means that you'd pay nothing more should we need to defend your figures on your behalf, saving you money if the worst did happen. Learn more here.

‘Virtual’ Appointments Available

We offer ‘virtual’ meetings (e.g. via phone, video call or similar), so as to keep everyone safe from COVID-19. Whatever suits you best will be fine with us - whether it's all done by phone, via Microsoft Teams, Zoom, Facetime, WhatsApp, Google Hangouts or in person at our office (behind safety screens), we'll be happy to help with any tax- or accounting-related issue that you need sorted out. Call 020 8761 8000 or book an appointment online here.

N.B. Please observe our social distancing protocols during your appointment. Please do not visit in person if you are experiencing Coronavirus symptoms, have been in close proximity with anyone who has experienced symptoms during the last 14 days, or are awaiting the results of a COVID test. Thank you.

Contact Your Taxfile Agent Direct:

• Sue: 07702 882 030 (VAT, bookkeeping, CIS returns)
• Julie: 07730 590 990 (tax returns for individuals)
• Eveline: 07886 909 615 (limited company tax etc.)
• Armani: +44 7496 454 795 (payroll & contractors' monthly returns)
• Ali: 0208 761 8000 (VAT, bookkeeping etc.)
• Ewelina: 020 8655 7892 (sole trader returns, CIS refunds etc.)
• Faiz: 020 8655 7891 (tax returns & tax refunds)
• Guy (Director): 07766 495 871 (general accountancy & taxes etc.)
• Dominika: 0208 761 8000 (general accountancy & taxes etc.)

Our central number and contact information is shown below.

 

25 Thurlow Park Road, Tulse Hill, London SE21 8JP.

Opening hours:
Mon-Tues 9am-6pm; Wed-Thurs 9am-5pm; Fri 9am-3pm;
Saturday 9am-1pm (by appointment); Sunday closed.

Click to book at Tulse Hill/Dulwich | Devon & Cornwall

or call 020 8761 8000 to book by telephone.