Taxation

Huw Aled Accountants are specialists in the field of taxation for individuals, in particular the preparation of income tax returns, self-employed and rental accounts, comprehensive Capital Gains Tax calculations and liaising with HM Revenue & Customs.

Sole traders & partnerships

Huw and Aled assist self-employed individuals to manage their tax affairs, including preparing income tax returns and liaising with HM Revenue & Customs.

Employed individuals

Huw and Aled regularly handle complex tax returns for senior employees and directors, with matters including the taxation of bonus payments, the compliance with higher rate bands of dividend tax, the carry forward of unused pension relief and of dealing with multiple income streams.

Limited companies

Using the latest in modern technology, our accounts preparation process ensures compliance with Companies House requirements and with HMRC's corporation tax rules. Company accounts are usually required to be filed with Companies House within 9 months of the company's financial year-end.

Rental accounts

We can prepare your income tax returns in connection with your rental properties, determining whether your income qualifies as "Furnished Holiday Lettings" or "Property income" and as a result, assessing which expenditure is allowable per HMRC guidelines.

Capital gains tax

Due to changes implemented from 6 April 2020, capital gains from the sale of residential properties need to be reported to HMRC with the associated tax liability paid within 30 days of completion from the property sale.

Unlike many accountants, we regularly complete capital gains tax forms on behalf of our clients, enabling us to provide a high quality, efficient service to allow settlement of the capital gains tax in line with the new deadlines. 

VAT

Following the implementation of Making Tax Digital, where most VAT registered businesses now need to submit VAT returns digitally, we have invested in fully-compliant accounting software to prepare and submit VAT returns on behalf of our clients.

Client Testimonials

Contact Huw Aled Accountants