Lambert Roper & Horsfield Limited Accountants Calderdale, Huddersfield
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Most businesses are very good at providing the products and services that their customers need – but running a business involves much more than that.

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Private Clients

The financial world is a complicated place and there are times when you’ll need some expert help.

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We also provide specialist services to a range of other clients.

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Annual Accounts services in Calderdale


Sole traders and partnerships are legally required to prepare annual accounts. Companies, limited liability partnerships and other bodies have extra responsibilities under the Companies Acts and other legislation.

Although this may seem like an extra burden on your business, we can help you turn this process into something much more: a valuable source of information to support planning and decision-making.

For a start, we’ll time your accounts to take best advantage of early tax planning opportunities.

We won’t redo work you have already done because we prepare the annual accounts from your underlying records, tailoring our work to how far you have been able to take the accounts yourself.

What we will do is give you feedback on your accounting systems, to improve the flow of your management information. Our own accounts software links to our tax software, to maintain speed and accuracy in dealing with your accounts.

We’ll make sure that your accounts comply with best accounting practice and present them in a professional manner. This reflects well on your business if you need reports for your bank, potential investors or other financial bodies, while your accounts themselves also demonstrate the financial integrity of your business.

Your contact director will discuss the accounts in detail with you, exploring tax and tax planning issues, as well as any other topics you wish.

We’ll also identify strengths and any unexpected trends within your accounts and suggest solutions if we find areas where your business and its performance could be strengthened.

To find out more about how we can help you, please contact LRH accountants in Calderdale.

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Get in touch!


Telephone: 01422 360788

Email: mail@lrh.co.uk

"We provide proactive and timely advice, based on an in-depth knowledge of our clients and their businesses."

Nick Frost, Director

"Honest, long-term relationships that help clients achieve their goals."

David Roper, Director

"Accurate and timely information is essential for business owners and enables them to make the right decisions."

Sam Mitchell, Director

 
 

Latest News

I have been sent a nudge letter by HMRC – What should I do next?

October 7th, 2021

Thousands of taxpayers across the UK have received ‘nudge letters’ from HM Revenue & Customs (HMRC) encouraging them to declare unpaid tax.

The reasons for being targeted vary but the impact of being contacted by HMRC can cause a lot of stress, leaving many taxpayers unsure about what they should do.

Who is HMRC targeting with nudge letters?

HMRC has said there are a number of reasons why they may issue a nudge letter to a taxpayer, but a large number of these communications seem to come from HMRC obtaining information that suggests a taxpayer has overseas income or gains.

They are also concerned that some taxpayers may not have paid the remittance basis charge – a flat rate tax charge on overseas income and gains for particular qualifying individuals living but not domiciled in the UK.

HMRC has said that its letters may not indicate what year income or gains were realised, which means their enquiries could relate to multiple tax years and more than one asset.

This lack of transparency has left many nudge letter recipients bemused.

What should you do if you receive a nudge letter?

The first thing is not to panic. HMRC has said taxpayers may be contacted because of:

  • Discrepancies in the data received from overseas tax authorities;
  • Changes to an individual’s personal circumstances or tax laws; or
  • New information supplied to them that requires clarification.

HMRC typically gives taxpayers 30 days to respond to a letter before it begins to take any action, although in some cases it may ask you to respond sooner.

While it is important to respond quickly, if you cannot provide a suitable answer within this timescale, HMRC may offer an extension if one is requested.

Who can help with HMRC nudge letters?

If you receive a nudge letter from HMRC you should seek help from a tax adviser at the earliest opportunity. They can communicate with HMRC about its requirements, assess the reason for the letter and calculate what tax may be due.

In some cases, taxpayers that have undeclared overseas income and gains may be able to use the Worldwide Disclosure Facility, which could help to reduce penalties and the tax bill.

Link: HMRC sends ‘nudge’ letters to non-doms over unpaid tax

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