We use the tax expertise and experience to advise businesses and individuals on a variety of specialist, profit enhancing and tax mitigation advice and tax mitigating strategies.

As Chartered Certified Accountants Tax Advisers to East Grinstead Brighton Crawley London, we also work along with a network of professional associates and advisers – with a view to delivering a complete and high caliber professional tax advice. As tax consultants, we cover most aspects of tax.

Self Assessment Tax Returns

Self Assessment Tax Returns expertise – Every tax payer, be it individual sole trader, partnership, company director, high net worth individual, higher rate tax payer, rental property landlords, retired pensioners, CIS tax payers, is likely to be on the Her Majesty Revenue and Custom (HMRC) Self Assessment tax returns system.

Late filing and payment of Self Assessment tax and Self Assessment tax returns attracts fines and penalties from the HMRC.

With changing rules, completing a Self Assessment tax returns can present a never ending challenge for most tax payers. We understand the stress filing deadlines and late penalty fines, leading up to January, that it causes with most tax payers. We also appreciate that self assessment tax returns may be daunting for many tax payers but we take care of any intricacies and complications for you.
Let V P Associates help you with completion and filing of your Self Assessment tax returns as an authoritative source and expertise gained over many years.

With our Self Assessment tax returns service, you will never need to worry about your tax return again. Whether you are self employed, in partnership, work as a sub-contractor, high earner on PAYE with benefits in kind, company director, buy to let landlord, old age pensioner with various sources of incomes or any combination of tax situation, we will take personal care of every aspect of your Self Assessment tax returns. This includes:

Registering you as self-employed with HMRC for the filing of your self assessment tax returns
Completing your Self Assessment tax returns correctly
Filing your Self Assessment tax returns on time to avoid penalty and fines
Ensuring full use of your tax allowances to mitigate your self assessment tax returns liability
Ensuring recovery of your tax rebates, including tax paid under CIS
Tax planning to establish opportunities to reduce your Self Assessment tax returns payments
Assist you to understand your Self Assessment tax returns responsibilities
Help and advise you with your record keeping comply with HMRC inspections in relation to Self Assessment tax returns

As your accountants and tax advisers we complete your Self Assessment tax returns for your approval to meet the HMRC strict deadlines and to enable you to pay your self assessment tax by the due deadline.

Buy-to-Let Property

Buy-to-let property is now a common feature of most tax payers' self-assessment tax returns and the UK Housing market. There are a number of tax liabilities you will be faced with when investing in and renting out a Buy-to-Let property (BTL). VP Associates are first and foremost taxation specialists. With our extensive experience and buy-to-let property tax expertise we assist our clients through the various tax liabilities they come across as they buy, sell or rent out the buy-to-let property (BTL). These may be Stamp Duty Land Tax, Income Tax, Capital Gains Tax (CGT) and Inheritance Tax. Significant savings can be achieved by timely and professional advice across all these forms of UK taxes. We strongly recommend that you get expert tax advice from an authoritative buy-to-let property tax source to help you make these savings on your buy-to-let property deals.

As your accountants and tax advisers we can help reduce your Income Tax ensuring all allowable expenses are deducted against your Buy-to-Let property (BTL) rental income. Whilst selling your Buy-to-Let property (BTL), you need to be thinking about Capital Gains Tax. There are significant exemptions available for Capital Gains Tax mitigation. The timing of the asset disposal can also result in considerable savings of capital gains tax on your buy-to-let property. As your appointed tax advisors we would prepare your capital gains tax computations. We make sure all your buy-to-let property entitlements of claims to reliefs and exemptions are established and made.
Whether you are buying, selling, renting or leaving it in a will, a Buy-to-Let property (BTL) will be subject to taxation:

Stamp Duty Land Tax – payable when you purchase your Buy-to-Let property (BTL). The percentage of tax payable depends on the value of the buy-to-let property.

Income Tax - charged on all buy-to-let property rental income after allowable expenses are deducted. The amount of tax paid is dependent on the income tax band. This must be declared on your annual Self-Assessment Tax Return.

Capital Gains Tax – chargeable on the gain you made when selling a Buy-to-Let property. The amount of Capital Gains Tax payable is calculated depending on the length of time you owned the property, whether you lived in it and certain deductible capital expense incurred as well as costs when you purchased and sold the buy-to-let property.

Inheritance Tax – payable dependent upon the total value of the estate, including the buy-to-let property.

Company Accounts

Company Accounts – Limited companies are required to file their annual company accounts with the H M Revenue and Customs (HMRC) and the Registrar of Companies at the Companies House.

The HMRC and the Companies House have strict deadlines for the filing of the annual company accounts.
We assist companies with the preparation of their annual statutory company accounts complying with the Companies Act.

We assist with the use of accounting packages and bookkeeping to prepare company accounts and facilitate their preparation.
You can rely on our experience to enhance and improve the quality of your management records. This will also add to the reliability of your interim company accounts during the year and year end statutory company accounts. Interim company accounts serve much better to serve as a management tool, whilst the end of year company accounts serves more to draw a line under the year and meets compliance issues as regards the HMRC and the Companies House. Both sets of company accounts have their place and their the need for its reliability.

Preparing company accounts requires time and resources. Out-sourcing the skills and engaging us for preparing company accounts function can free up your valuable time to focus on managing, running and developing your business. With our experience, we can delivery your annual statutory Company Accounts in a timely manner, with a view to saving you time and money, hence saving you undue penalties with the HMRC and the Companies House.

Apart from preparing company accounts annually to serve the compliance purpose, every business does need at hand management information to access vital day to day information simply for running of the business. Hence it makes economic sense to ensure that your annual company accounts preparation is an integral function of your management accounts preparation hence the end product of annual company accounts does not duplicate the costs.

Call us for an immediate appointment for help with preparing company accounts for your business and spend less time worrying about meeting the deadlines and penalties.

Capital Gains Tax – CGT

Capital Gains Tax (CGT) is chargeable upon individuals in respect of gains made from sell, transfer and otherwise disposal of assets.

Capital Gains Tax can be very punitive if not planned for. Careful planning for Capital Gains Tax can result in significant saving of the tax and result in more of the disposal proceeds in your pocket and as less as possible of the capital gains tax.

The are significant exemptions available for Capital Gains Tax mitigation and timing of the asset disposal can also result in considerable savings of capital gains tax. As your appointed tax advisors we would prepare your capital gains tax computations, making sure all your entitlements of claims to reliefs and exemptions are made.
So as to mitigate and reduce your potential capital gains tax liability, we would encourage you to seek our advice as tax advisors and accountants on the availability of capital gains tax planning opportunities that may be available to you at the given time.

Should you be considering disposal of your business, part thereof, sell of an investment or a personal asset, we would like to offer you our expertise as tax advisors and accountants of many years' standing in reducing your CGT bill.