Dormant Company Accounts

If you have setup a company and it has not traded since incorporation, you may choose to file Dormant Company Accounts at Companies House, these Dormant Company Accounts should be electronically filed before the due

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date of the accounts or the Companies House system of fines will commence.

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Not more than one month £ 150
More than one month but not more than three months £375
More than three months but not more than six months £750
More than six months £1500

These fines are easy to avoid, even if your filing date is close, we provide a Dormant Company Filing Service and as long as you have the Companies House authorisation code, we will file them the day we receive them. This service is available for just

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£50 plus VAT. The pro forma to gather the required information can be downloaded below:

Act now while there is still time!

Dormant Accounts pro forma Download Here

Tax Return Deadline 2012

Self Assessment Tax Return deadline 2012 is 31 January 2013

At present if you wish to file your annual Self Assessment Tax Return for the 2011-12 tax year in paper form then this must have been be received by HMRC by 31 October 2012. As this deadline has now passed the only option open to you is to submit your self assessment tax return online.

HMRC is pushing for the

compulsory online filing of Self

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Assessment Tax Returns and this will happen soon.

Currently the tax returns for the 2011-2012 tax year have to be filed online by 31 January 2013. All the Self Assessment Tax Returns that are prepared by PGA Self Assessment are filed online and are filed as soon as they are completed and approved by our clients.

If you enjoy living on the edge an example of the deadline for filing as follows.

For income arising in the tax year 6 April 2011 to 5 April 2012 the self assessment tax return should be submitted online at the very latest by 31 January 2013. Any tax payable through Self Assessment also should be paid by this date.

Although there are no definite plans announced it is widely recognised that this deadline is likely to get shorter in the near future.

It is possible of cours to file your own self assessment tax return using the HMRC site, this can be time consuming and frustrating, it is also possible that you will not be claiming all the allowances that you are entitled to.

From only £75 plus VAT PGA Self Assessment can prepare. agree and file your tax return for you, a small price to pay for peace of mind, especially if you consider the draconian penalties levied by HMRC for late submission.

Call us to discuss your requirements on 01666 822256 or

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Self Assessment Service

Self Assessment Service.

The self assessment service that we provide at ISA is based on value for money and accuracy, we are able to charge the fees that we do because we have embraced technology to make the process of preparing a self assessment tax return more efficient for our clients and for ourselves.

This results in us being able to provide a self assessment service that prepares, agrees and files your individual self assessment tax return for a flat fee starting at just £75 plus VAT. If you have property income just add an extra £20 per property to this base cost and you find one of the best value for money Self Assessment Services on the market.

Click here for Self Assessment Tax Return Instant Quote

This price compares favourably against any of our competitors and in addition to our ease of use and low fees, every self assessment return that is prepared by us is reviewed and authorised by a qualified accountant. You can relax in the knowledge that you are paying the legal minimum amount of tax because we have the skills, experience and qualifications to ensure that our self assessment service is the best

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We are experienced property accountants and our self assessment service provides a one stop service for landlords again at value for money prices, just add on £20 to our base cost of £75 for each property rental income that you have, in addition to

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all the benefits of using our service as seen above, if you own a property with your partner we will prepare your partners Self Assessment Tax Return at a 50% discount to your own.

All the information that we need can be provided in one of our easy to understand pro formas which can be downloaded from our main web page at PGA Self Assessment

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Non Resident Tax Return

Our Non Resident Tax Return Services are especially well used by the Non Resident Landlord as they provide an easy and cost efficient way of ensuring that you keep up to date with your UK tax affairs and just as importantly that you pay the correct amount of tax and not a penny more.

When you leave the UK whether it is temporary or for good, you may still have a tax liability for any income that arises in the UK.

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The most common of these are:

  • Property income
  • Savings income
  • UK State Pension Income

We will use our experience in Landlord and Non Resident tax matters to ensure that all possible reliefs are claimed and that you utilise any property losses from previous years and carry forward any losses from current years. these are especially useful as it is possible that the first year of letting will result in extra costs that may create a loss that can be used to lower your tax charge in future years.

Our Managing Director has himself been a Non Resident Landlord so understands the issues and the anxieties relating to letting your property whilst you are based overseas. Our Non Resident Tax Return Service costs the same as our Personal Tax Return

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Service, we do not charge more just because you reside overseas.

Prices for a Personal Tax Return start at £75.00. You can see how little our service costs by using our Instant Quote Tool, the link to this is below.

Non Resident Landlords Tax Return Instant Quote

If you have left the Uk part way through a year it is probable that you will be eligible for a tax refund, we offer a Non Resident Tax Refund Service for individuals who find them selves in this position,

unlike most companies who deal in Tax Refunds we do not take a large percentage of your Tax Refund, Our Non Resident Tax Refund Services cost just £99 plus VAT to reclaim the tax you are owed. More details of this service can be found by following the link below

Non Resident Tax Refunds

Or if you prefer talk to us direct on +44 1666 822256

Rental Income Tax

Landlords that receive rent from their properties are deemed to be engaging in a trade, therefore there is potential for tax to be paid on profits. However the term rental income tax is used a lot and is not accurate, as with any trade there is income (rental) and there is expenditure.

The expenditure in its various forms is allowable against the rental income as long as the expenditure is wholly and exclusively for the purposes of the business, i.e. it has to have been incurred as a result of the property being rented out.

Our website discusses the many items that are allowable against rental income including our accountancy fees for preparing your landlords self assessment return.

With charges for preparing a landlords self assessment return with property income costing just £95 plus vat, there is no real need to stress yourself about rental income tax, we will use our experience to ensure that you do not pay a penny more tax than you have to, all within the HMRC rules of course.

So the next time you hear the phrase rental income tax, do not get too concerned, the only tax that you will be liable for from your property rental income will be the profit that is left after all allowable costs have been deducted.

For further information on what are allowable costs, please call us on 01666 822256 or see how little our service costs by getting

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