Pro Tax Accountant
YOUR ONLINE TAX ACCOUNTANT
Pro Tax Accountant is one of the best tax advisors in Edinburgh. We offer a full range of accounting services in Edinburgh. Nobody likes to pay taxes. And every time you do this you are probably wondering if you are paying too much. But trying to familiarize yourself with the complex and ever-changing landscape of personal taxes can often make an already confusing process a little more stressful. To reduce your tax burden effectively, you need professional tax advice from a personal tax advisor in Edinburgh.
Taxation is a stressful and difficult topic for both companies and private situations; not everyone is an expert. Nonetheless, our team of Edinburgh tax advisors has over a decade of experience dealing with these issues and can help you no matter what HMRC does with you.
You may be facing a major tax investigation. Perhaps you just want to minimize your retirement taxes; Whatever the problem, our team of experienced accountants is there for you and is committed to customer satisfaction. If you want to stay at home comfortably with taxes, you have found the perfect partner. Most of our business is done online so you don't have to go to our office for help. Simply contact us in any of the following ways to let us know your need and we will make sure you get the most professional tax advice/tax advice that can best serve your purpose. Fill out the contact form through our website and one of our staff will be in touch shortly to help you on your way to a happy tax solution.
Our Tax Accounting Services in Edinburgh
Why Choose Us !
We have 16 years of experience of handling tax accounting
All our accounting and tax accounting services are available online
We have a team of professional accountants and tax advisors
We offer all accounting and tax advisory services at the most affordable prices
Pro Tax Accountant is considered to be an expert for tax accounting
We don't make clients, we make friends who can rely on us like real friends
Our clients trust us 100% with their confidential matters
We always keep ourselves updated with the most recent tax developments
What Does A Tax Accountant Do in the UK?
Tax Accountants help their clients, companies, or individuals, to ensure that they comply with their legal tax and bookkeeping obligations. The functions of tax advisors include tax planning activities, as well as ensuring compliance with legal regulations and compliance with corporate governance procedures. In day-to-day business, this may include completing and filing income tax returns, explaining tax laws to high net worth clients, or ensuring there are strategies in place for proposed legislative changes. Tax regulations are not only complex, they are constantly evolving.
Do I Need An Accountant To Do My Tax Return UK?
You don't need an accountant to complete your tax return, but it's important to understand what you're getting into if you don't. Tax returns can be complex, and without professional advice, it is all too easy to make mistakes that result in underpayment or even overpayment of your tax liability, or missing the due dates or not attaching the required documentation etc. All this can cause you fines. If you find that you don't have time to file your taxes before the deadline or you can't handle the hassle of filing your taxes or you don't understand all the regulations, or you have a very complicated financial record, you may want to hire a tax professional like a tax advisor tax accountant. Therefore, hiring an accountant to do your tax return is a good option.
Do Accountants Save you Money on Taxes?
By helping you with everything from day-to-day bookkeeping to developing a business plan, your accountant can not only help you cut weird costs here and there but also make long-term adjustments that will save you money. This also saves you a lot of precious time which you can use in your business and make a profit out of it. After all, time is money! Speak to our accountant at Pro Tax Accountant today and see how they can take your business to the next level.
What Do I Need to Prepare for Tax Accountant?
If you're going to be meeting with your tax accountant to discuss your tax return, don't go empty-handed. Preparing for this meeting is not only wise, but it also saves you and your accountant a lot of time and effort. Always start with last year's tax return. You must have your personal data, your tax file number, your sources of income, your tax deductions, deductions, and other relevant information previously claimed, and your bank accounts record. You should also have a brief record of your / your company’s assets and any increase in these assets over the past financial year.
How Long Should I Keep My Income Tax Records?
When you declare a certain level of income for taxes, you need to prove it with it proper financial record.
You must keep your records for at least 22 months after the end of the tax year for which the tax return is applicable. For example, if you file your 2021-2022 tax return online before January 31, 2022, keep your records at least until the end of January 2024.
How Much Does a Tax Advisor Cost in the UK?
The charges of a tax accountant vary from service to service. If you are an entrepreneur or self-employed the fees can range from £ 100 to £ 1500 per month and will cover managing your accounts, submitting your VAT forms, self-assessment forms, accounting, payroll, declarations at the end of the year, and for a sole trader fee can range from £ 50 to £ 1300 per month and will cover the same services listed above for entrepreneurs. The more services you require, the more you have to pay. For a single service, you may be charged per hour.
Is It Worth Using a Tax Accountant?
Yes, if you think you need a little help filing your taxes correctly, a tax accountant would be a better option. As well as making sure that you file your tax returns correctly, a tax accountant can advise you on what you can and cannot claim your tax exemptions/overpaid taxes. Moreover, the tax regulations are always dynamics – new ones taking place and the old ones being amended. How many of us can keep ourselves updated with all these changes all the time. It is a part of the job of a tax accountant to keep himself updated with all the developments in the taxation system and make sure that his clients’ taxes are paid in accordance with these changes.
How Long Does it Take an Accountant to Do a Tax Return in the UK?
This is a very common question! It usually takes between 5 days and 8 weeks, depending on a number of factors, including the system involved (for example, via PAYE or self-assessment or corporate tax, etc.), whether you have applied online or in the paper, and whether or not HMRC performs security checks during the process. So depending upon your situation, it is a good idea to ask your accountant to start doing your taxes well advance the due date.
Do Accountants Need Receipts?
If your accountant doesn't have receipts, you may have to make assumptions, and/or some expenses could be completely ignored, which may increase your tax bill. Your accountant will need the petty cash balance at the end of the year. Therefore these records are essential. If your accountant manages your payroll, he will need a printed copy of the payroll for each month so that he can verify all salary amounts and other taxes. Similarly, all business expenses claimed should be backed up by proper receipts.
Can HMRC Check My Bank Account?
Yes, if the HMRC is investigating a taxpayer, it has the power to issue a "third party notice" to request information from banks and other financial institutions. They can also issue these opinions to taxpayers' attorneys, accountants, and real estate agents. However, this does not mean that the tax authorities can issue these opinions at their discretion. The HMRC must not only prove that the information is "reasonably required", but that the taxpayer or a tax court must give its approval.