Small Business Tax Accountants Waterlooville PO7
Hello to you in Waterlooville. Welcome to VW Taxation. We’re a Cosham-based team with a simple aim in life – to help our clients thrive through the efficient handling of their finances. We assist small to medium-sized businesses and the self-employed across Hampshire and parts of West Sussex and are ideally located for the market town of Waterlooville.
We assist our Waterlooville clients, especially those in the construction trade, with everything from CIS tax returns and emergency tax help to VAT accounting and their end of year accounts. As a fellow business in the Portsmouth area, we know the town of Waterlooville well and have in-depth knowledge of the local construction industry and all applicable tax regulations. We’d love to talk to you.
Who We Help in Waterlooville
Limited Company Accountants
There are many benefits in setting up as a limited company, not least the tax efficiencies. That said, preparing and completing a Corporation Tax Return can be stressful and time-consuming when you are caught up with the day-to-day running of your business. We can help take the strain by preparing your accounts with meticulous care and submitting them to both HMRC and Companies House on your behalf.
Accountants for Self-employed & Sole Traders
Accountants for Contractors
Accountants for Landlords
At VW Taxation, we understand the particular challenges that landlords face when managing their finances. We help landlords throughout Waterlooville, to understand their tax position, streamline their accounting system, file Self-Assessment tax returns and prepare annual accounts.
We’re also focused on helping landlords to maximise their rental income, by identifying allowable expenses and finding other valuable tax deductions. When you entrust your landlord accounting to us, you can enjoy complete peace of mind as you continue to serve your tenants and grow your property portfolio.
Our Accounting and Tax Services for Businesses in Waterlooville
Good bookkeeping is essential to provide financial clarity and inform your business decisions. A set of accurate accounts also helps to ensure tax compliance and will ease the burden of your end-of-year tax return. We can provide training to bring your bookkeeping up to scratch, or alternatively, we’re happy to take it on for you, allowing you to concentrate on running and growing your business.
While there are many benefits of registering under the Construction Industry Scheme (CIS), it is a complicated process, to say the least. Completing your tax return and working out what refunds you are entitled to can be a bit of an ordeal. VW Taxation specialises in CIS with years of experience under our belts. We can take the burden of tax off your shoulders, allowing you to focus on what you do best without the worry of ending up out of pocket.
CIS Tax Return Services
Frequently, CIS deductions do not get properly logged and filed, costing construction workers higher returns on a tax refund in the process. We will ensure your records are watertight and will take on the complex process of your tax return, saving you valuable time. See our CIS Tax Return Services page for details.
CIS Tax Refunds
For those registered under CIS, overpayment of tax during the year is almost always inevitable. We can help you get back exactly what you are owed by working out the eligible expenses you have accumulated throughout the tax year. See our CIS Refunds page for details.
CIS Limited Companies
If CIS is simply not working for you, then becoming a CIS limited company can be a much more efficient and lucrative option. We can help you make the transition, in order to maximise your well-earned income. See our CIS Limited Company page for details.
Companies House Accounting Services
Running a business is already a monumental undertaking, and the extra strain of filing a Corporation Tax Return can be daunting. VW Taxation can help to relieve some of the work, making sure your statutory accounts are meticulous, accurate and submitted on time to both Companies House and HMRC. That way, you can focus on your business, safe in the knowledge that your tax is being expertly handled and that you won’t incur any unwelcome penalties.
Personal Tax Returns (Self-Assessment)
We have the utmost respect for the UK tax system, but it is undeniably complicated. As a sole trader, partner, company director or property owner, you are responsible for declaring your taxable earnings (and losses) to HMRC, and there are serious penalties for avoidance, late submission and miscalculations. As your specialist tax accountant, our team can help you to correctly calculate your liability and ensure that your tax return is completed and filed in good time. We will also ensure that you make the correct deductions and apply reliefs that you might be eligible for, to reduce the amount of tax you pay.
Emergency Tax Help
A “job for life” is an increasingly rare thing and workers change careers much more frequently than in the past. Unfortunately, HMRC cannot always keep up with your work status which can lead to a change of tax code, known as emergency tax. Since this can mean the loss of potential savings and deductions on your tax return, it is beneficial to seek out the guidance of professional emergency tax accountants such as VW Taxation.
VAT Accountancy Services
If you operate a business that provides taxable goods to consumers, you will have to pay a VAT tax rate on all goods over a threshold of £85,000. As your tax accountants, we will make sure that you choose the right VAT scheme for your business, take care of VAT registration procedures and ensure you pay the correct amount to HMRC. What’s more, can offer advice on claiming back VAT on our accountancy services. See our VAT accountancy page for more details.
For certain professions, such as healthcare, mechanics and teaching, tax reliefs exist on certain expenses meaning that you may be entitled to a tax refund. The details can be hard to grapple with and many go out of pocket as they’re unaware of what is owed to them, or they’re simply too busy to go through the hassle of a tax rebate. We can provide valuable advice on what reliefs are available to you in your profession and take care of applying for a well-earned tax rebate on your behalf.
Why Use A Tax Accountant?
Why Choose VW Taxation?
VW Taxation strives to make the accounting process as easy and streamlined as possible, that way you can focus on your business without the burden and hassle of documenting and submitting your yearly accounts. Just as you are an expert in your field, we live and breathe taxation, and are passionate about sharing our expertise with other small businesses.
By choosing VW Taxation, you can be sure of a professional and friendly service. We pride ourselves on our transparent and honest approach, and you can be sure that we have your best interests at heart. We do not want you to lose a single penny that you are entitled to and we will work hard on your behalf to achieve the tax refund that you deserve.
Please contact us to talk through our tax services and your accounting requirements, we’d love to hear from you.