If you are a Tradesman or CIS Subcontractor due a tax reclaim, QAccounting will complete and submit your tax return from just £134 which uniquely includes Rhino Tax Enquiry Insurance.
If your tax return is targeted for an inquiry your defence costs will be covered by insurance and you will be represented by an ex HMRC inspector who specialises in defending tax inquiry for the self-employed. If you are CIS registered and due a tax-reclaim, QAccounting charge a flat fee unlike other providers who take a significant percentage of your refund in commission.
We will prepare your return within 24 hours from receiving the information required to complete it.
The Tax Return Service
Tax can be a complicated business but direct contact with an Accountant is provided to prepare and submit your return depending on your needs and may include:
- Obtaining HMRC Agent authorisation to deal with HMRC on your behalf
- Review your previous year self-assessment for income and balances brought forward
- Process or review income and expenditure transactions
- Consultation with an Accountant to ensure all allowable costs have been included in the expenditure
- Direct access to an Accountant to answer any questions and to make the process as simple as possible
- For CIS workers we check payment and deduction statements by Contractor
Tax Enquiry Insurance
HMRC Compliance Officers are working more efficiently and have increased time available for enquiries which have become more protracted, time-consuming and expensive to defend.
As HMRC have become more effective and targeted in respect of compliance activity they are increasing the volume of investigations.
Compliance activity around PAYE accounts for a large proportion of investigations with no specific reason required to undertake a Compliance Review in this respect.
Inquiries often target a particular transaction or income source and the highly effective reliance on software has increased inquiries into compliant returns with fees incurred defending the position often exceeding the stated tax liability of the inquiry.
Self-Assessment for CIS subcontractors
If you work for a contractor in the construction industry as a self-employed individual under the Construction Industry Scheme (CIS) the contractor is required to withhold tax payments made, unlike other self-employed individuals who receive payments gross.
Registered CIS workers receive their payments net of 20% tax. If a subcontractor is unregistered, they will receive their payment net of 30% tax. It is also possible to apply to receive payments gross.
Where tax is deducted under CIS a refund may be due because your personal allowance and deductible trade expenses and because you will normally have personal allowances available.
You may be asked to provide evidence by HMRC that firstly, you actually incurred an expense and secondly, the expense was wholly and exclusively for your business. Penalties for false declarations can be severe.
Arrange A Callback
For more information on our Insurance Protected Self-Assessment for the Self-Employed, please complete the form below and a member of our dedicated team will happily answer any questions you may have.