Accountants in Dartford

Tax Planning

Tax is a fact of life, but paying too much tax is never on anyone’s list of priorities. Every year, UK taxpayers give away several billion pounds more than they need to. In 2022 the figure was thought to be around £4.6 billion.

The government creates many legitimate opportunities for you to reduce the amount you pay in tax. However, you may not be aware of them all, or you may be unsure of how to take advantage of them or, like many people, you may have known but simply not done anything.

Tax is a complex area, and becomes more so if you run a business or have several sources of income. Numerous factors will affect the amount of tax you should pay each year, including your job, savings and personal circumstances. But for many of us, fear of paying too little tax, and the possible consequences, means we can end up paying too much.

The most common areas where we tend to waste tax are:

Payroll Services

At Keswick Accountancy, our Payroll Services are designed to alleviate the complexities of payroll management. We offer a comprehensive range of services, including:

– Payroll Processing

– PAYE Registration

– HMRC Payroll Compliance

– Year-round customer Support

CIS Services

Administration of the Construction Industry Scheme (CIS) requires a considerable amount of extra work, along with the risk of exposure to severe penalties for noncompliance.

If you would rather pass this obligation on to a business partner, secure in the knowledge that you were being provided with a fully compliant and comprehensive solution, we would be delighted to assist you in this area.

Our service includes:

– Registration with HMRC as a contractor

– Registration and verification of sub-contractors 

– Calculation of deductions

– Preparation of payment statements 

– Preparation and submission of monthly returns