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Personal income tax

Practical advice on personal income tax

Grace Bellairs Accountants have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax positions and the planning opportunities available to you.

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About

What is Personal Income Tax?

Personal Income Tax is charged on most types of income. The most common way is on your wages and salary from work. However, other circumstances may also require you to pay Income Tax. For example, you could run a self-employed business, have a property portfolio or simply receive interest and/or dividends from savings and investments

How it works

What we do for you

We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax positions and the planning opportunities available to you. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.


Whether you are a sole-trader, landlord or even a Director, we can register you for self-assessment and assist with your tax return ready for the January 31st deadline.

FAQs

Got a question?

Should I have a separate bank account?

Yes.  For LTD companies it is a legal requirement.  For sole traders, although not a legal requirement we strongly advise you have a separate bank account otherwise your personal and business expenditure will become mixed together which can create a number of problems.

What are the self-employed deadlines?

The deadline for tax return submission for sole traders is 31st January for online filings. The deadline is 31st October if filing on paper. If applicable, payments on account are payments towards the next financial year based on the year just filed. These are paid in two 50% instalments; the first being by the 31st January along with your usual tax payment and the 2nd payment on account due by the 31st July

Can I switch to Grace Bellairs Accountants?

Of Course! We will discuss with you the best time in the year to switch to us. This could be during the financial year should you require, but generally it is best to switch at the end of the financial year.

Does Grace Bellairs Accountants offer fixed fees?

Yes!  All of our fees are agreed with you upfront and are split over 12 equal monthly payments.  These are paid by you via a standing order.  Fees will only change if you change the level of service

Why should I have an accountant?

Whilst it is not a legal requirement to have an accountant file your statutory documents you may wish to consider a few things such as whether you have the time to dedicate to your accounts as any limitation in knowledge will cost you money, accountant’s fees are tax deductible and it is probably best for you to focus on the things that make you money.

Do you offer company secretarial services?

Yes we do. For a flat annual fee of £72 we can offer our address as your registered office. This means that your personal address is not on the public register. We can also provide a company formation service for a one off £150.

Fixed Fees

Committed To Transparency

We understand that our clients like to know exactly how much they are spending, which is why we agree a fixed fee before the start of the contract guaranteeing that there will be no surprise invoices.

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Tailored Service

What Sets Us Apart

Not everyone has the same accounting needs which is the reason why we offer a free consultation service that allows us to sit with you and listen to your requirements. We then discuss the services that are relevant to you and your business and from there we can put together your accounting package.

Our Promise

Wealth Of Experience

With years of knowledge and expertise in accountancy, we can guide you and your business in the right direction. We offer the following:

Fixed Fees

Free Consultation & Support

Accredited
& Extensive Knowledge

Personalised Service

See what people have to say

Our Client Feedback

We are proud to serve a variety of clients across a range of industries, including Construction, Digital Media, Travel, Events Planning & other service providers.

Our services

Callum Mackeonis

Daniel has often sacrificed a lot of his time to make sure that everything is right, and I really appreciate the care he has for us.

Lucie Ellis

Daniel has been my accountant for the last 3 years and I can’t rate him highly enough. He is very conscientious and addresses any queries in a timely and efficient manner. 

Julia Dowling

I wholeheartedly recommend Grace Bellairs to anyone seeking top-notch accounting services.

Aiden Pursglove

I have used Daniel for a few years and I can not recommend him highly enough. Daniel is very efficient, committed and on the ball. Daniel makes my accounts easy so I can fully concentrate on running my business.

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Start with a free consultation to find out how we can assist you and your business.

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Grace Bellairs Accountants in Orpington, Kent offers a wide range of services which are bespoke to each and every individual client.

Our Accreditations 
AAT®Member in practice license 8238
AAT membership number 10155640
Achieved FMAAT status on 18/08/2016

Office In Kent

Grace Bellairs Accountants Ltd
27 Leith Hill
Orpington
Kent
BR5 2RS

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