A company director outside his office in London, looking straight at the camera
Why TaxAce

Most accountants report the year. We work through it.

You usually see your accountant once — in January, about a tax year that ended the previous April. By then the dividend has been taken, the van has been bought, the flat has been sold. We would rather have that conversation in October, while it still changes the number.

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The cost of finding out late

Four things we see every week.

None of them are unusual. All of them are cheaper to prevent than to explain afterwards.

A £100 penalty that grows teeth

Miss 31 January and HMRC charges £100 even if you owe nothing. After three months it becomes £10 a day for up to 90 days. At six months, and again at twelve, another 5% of the tax due. Companies House runs a separate meter — £150, £375, £750, £1,500 — and doubles it if you filed late the year before.

The 60% band between £100,000 and £125,140

Cross £100,000 of adjusted net income and your personal allowance is withdrawn by £1 for every £2. On that slice you keep about 40p in the pound. A pension contribution, or a change to how you take profit, removes it — but only before 5 April, and only if somebody raises it with you.

Sixty days on a property sale

Sell a UK residential property at a gain and both the report and the payment are due within 60 days of completion. Most people hear about that rule from the penalty letter. We would rather hear about the sale before you exchange.

The VAT line you crossed in March

Registration is triggered by £90,000 of taxable turnover in any rolling twelve months — not your accounting year. Cross it and you have 30 days to tell HMRC, and VAT is due from the first of the month after that, whether or not you charged it to anyone.

For businesses

Why TaxAce for my business

Most firms report on your year after it has ended. TaxAce runs beside it: monthly management figures you can act on, a corporation tax position agreed before year-end, remuneration planned across the company and its owners, and one named adviser accountable for all of it. If you already have an accountant, we manage the professional handover — you send one email.

For individuals

Why TaxAce for my tax return

A tax return is not a form — it is your year, read properly. Your adviser looks at employment, self-employment, property and investment income together, tells you clearly what is due and when, and files on time through MTD-compatible software. You always know who is handling your affairs and what happens next.

For private clients

Why TaxAce for my wealth

Substantial affairs deserve one senior adviser who knows the whole picture — your income, your companies, your property and your family’s plans. Discreet, proactive planning across personal and business tax, coordinated with your solicitors and other advisers, and always ahead of the deadline.

The difference in practice

Six things that change on the day you move.

You email, and wait three days.

You get a reply the same working day, from the person who knows your file.

You meet once, in January, about last April.

We come to you before the year ends, while the numbers can still move.

A different name on every email.

One named adviser. You have their direct line.

One person does the company, someone else does your own return.

Salary, dividends and your personal return are planned as one decision.

The fee arrives after the work does.

You see the fee in writing before we start. It does not move.

You find out about a deadline from HMRC.

We tell you what is due, when, and what it costs if it slips.

The owner of a small London café standing in her own shop, looking at the camera

Most of the people we act for came to us in the middle of a tax year, in the middle of something already going wrong. Moving mid-year is normal. You do not have to wait for a year end, and you do not have to have a tidy set of records first.

Moving your file

What switching actually involves.

Five things happen. Four of them are ours.

  • You send last year’s accounts or tax return and your UTR. Nothing else at this stage.

  • We write to your current accountant for professional clearance — you do not have to make that phone call.

  • We check what is still open at HMRC and Companies House and tell you what we found, including the awkward parts.

  • You sign a form 64-8 so we can deal with HMRC on your behalf.

  • You get the fee in writing and the name of the person who will hold your file.

Most moves are finished inside two weeks. Nothing is filed in your name until you have read it and said yes.

One next step.

Send us last January’s tax return, or your most recent accounts. We will read them and tell you, in twenty minutes on the phone, what we would have done differently. If the answer is nothing, we will say that too — it is a useful answer.

UK clients since 2012 · AAT Licensed Accountant-led · English, Română, Українська, Русский · One named adviser per client

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