As the world becomes increasingly globalized, it’s common for individuals to earn income from overseas assets or investments. If you’re a UK tax resident, you must understand the regulations surrounding overseas income and worldwide disclosure. The UK government, primarily through HM Revenue and Customs (HMRC), requires tax residents to declare their worldwide income and assets accurately.
In a sweeping and ambitious 2024 Autumn Budget, Chancellor Rachel Reeves has set the stage for what she calls a “decade of national renewal.” It’s a vision framed around revitalising public services, bolstering economic stability, and reforming the tax system to align with modern demands. With a massive £40 billion tax initiative and expansive funding for health, education, and green infrastructure, the budget represents Labour’s first opportunity in over a decade to reshape the British economy.
The government intends that Making Tax Digital (MTD) for income tax will eventually apply to most people who are self-employed and/or receive property income. It was originally due to become mandatory from April 2024 for those with annual gross income of £10,000 or more from self-employment and property letting. However, the government announced in December 2022 that they would be allowing more time for both businesses and landlords and HMRC to get prepared for the introduction of the new programme.
Self-employed delivery drivers and cab drivers are on the rise in the UK, with courier work becoming an increasingly popular side hustle. Whether you deliver just 1 day a week or 7 days a week in London, it's important to understand the tax implications and how to file a tax return as a self-employed delivery driver.
Most of us will expect to receive a state pension when we retire. The system, who qualifies and how much you will receive can be complicated so it makes sense to understand what you will be entitled to.
When you will receive the state pension depends on the date you were born, how long you have been in employment and how many years of National Insurance payments you have made. Your gender can also make a difference depending on your age and when you retired.
Start-up
£
60
/ Month (+VAT)
This price plan is suitable for the start-up companies who are not VAT registered.
- Year-end accounts preparation and submission
- Corporation Tax returns
- Payroll & RTI submission for 1 employee
- Personal tax return [salary & dividends income only] (Free)*
- File confirmation statement (annual return) with Companies House
- Reference letters for Director only (Free)*
- Assisting with correspondence from HMRC and Companies House
- Unlimited face to face advice and email support
- 1 Director
- 1 Shareholder
- Annual turnover should be less than 80K
Recommended Plan
Limited Company
£
100
/ Month (+VAT)
This price plan is suitable for the companies who are VAT registered and turnover is less than 100K with a couple of employees.
- Year-end accounts preparation and submission
- Corporation Tax returns
- Monthly payroll including RTI submission for up to 2 employees
- Personal tax return [salary & dividends income only] (Free)*
- File confirmation statement (annual return) with Companies House
- Reference letters for Director only (Free)*
- MTD VAT returns submissions – quarterly
- Unlimited face to face advice and email support
- 1 Director
- 1 Shareholder
- Annual turnover should be less than 100K
Company Pro
£
150
/ Month (+VAT)
This price plan is suitable for the companies who are VAT registered; turnovers are more than 100K and have 2 directors and shareholders.
- Company formation (if required)
- Year-end accounts preparation and submission
- Corporation Tax returns
- Monthly payroll including RTI submission for up to 5 employees (Free)
- MTD VAT returns submissions – quarterly
- Personal tax return [salary & dividends income only] (Free)*
- File confirmation statement (annual return) with Companies House
- Reference letters for Director only (Free)*
- Unlimited face to face advice and email support
- 2 Directors
- 2 Shareholders
- Annual turnover should be less than 200K
Company Premium
Let's talk.
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This bespoke price plan is suitable for the companies who are VAT registered, with more directors, shareholders and employees. Also, annual turnover is more than 200k and requires further bespoke services.
- Company formation
- Year-end accounts preparation and submission
- Corporation Tax returns
- Monthly payroll including RTI submission all employees
- MTD VAT returns submissions – quarterly
- Personal tax return [salary & dividends income only] (Free)*
- File confirmation statement (annual return) with Companies House
- Reference letters for the all Directors (Free)*
- Unlimited face to face advice and email support
- Flexible and can be discussed
- Annual turnover should be more than 200K
- Personal Tax Returns
This price plan is suitable for self-employed individuals, landlords and those who need to submit Self-Assessment Tax Returns.
If you need to submit the Self-Assessment Tax Return, we can offer you competitive prices starting from £150 + VAT. Price can vary according to your nature of income. Please contact us for more details.
- Tax Investigation
- Business Legal Support
- Company Formation
- Business Mentoring
- ARA accounting services for ATOL & ABTA travel companies
Our commitment to you is that we’ll ensure all the information we’ve submitted to the Civil Aviation Authority is up-to-date and accurate.
