Please reach us at info@tarka-accounts.co.uk if you cannot find an answer to your question.
We offer a full range of accountancy services including bookkeeping, VAT returns, self-assessment tax returns, management accounts, payroll, and general financial advice. Whether you are a sole trader, freelancer, or limited company, we can tailor our services to suit your needs.
If you make a mistake on your tax return, we can help you to correct it and file an amended return if necessary. It's important to address any mistakes as soon as possible to avoid penalties or further issues.
You will usually need to complete a self-assessment return if you are self-employed, a company director, have rental income, earn over £100,000, or have untaxed income from savings or investments. If you are unsure whether you need to file, we are happy to advise you.
Payments on account are advance payments towards your next year's tax bill. If your self assessment tax bill exceeds £1,000, HMRC will ask you to make two payments - one in January and one in July - each equal to 50% of your previous year's bill. We will always explain your payment schedule clearly so there are no unexpected surprises.
You must register for VAT if your taxable turnover exceeds the current VAT threshold (£90,000 as of 2024-25). You can also register voluntarily if it makes sense for your business. We can help you decide whether VAT registration is right for you and handle all the filings on your behalf.
Absolutely. Good bookkeeping throughout the year makes everything else - from VAT returns to your end-of-year accounts - much simpler. We offer ongoing bookkeeping support and can work with a range of accounting software to keep your records accurate and up to date.