We help you reduce your Corporation Tax bill by identifying reliefs, allowances and planning opportunities that are often missed.
For example, companies with profits below £50,000 currently qualify for the 19 per cent small profits rate, while profits above £250,000 are taxed at 25 per cent, with Marginal Relief available between those thresholds.
We ensure you're claiming every available deduction and relief before filing.
We provide proactive Income Tax planning to help you keep more of what you earn.
This includes reviewing dividend and salary strategies, making full use of the £12,570 Personal Allowance and helping higher earners avoid unnecessary tax where the allowance starts to taper once income exceeds £100,000.
We also ensure that available allowances, including the £500 dividend allowance, are fully considered.
We ensure your dividend strategy is tax-efficient, maximising returns while keeping you compliant.
Our tailored advice helps you make the most of dividend allowances and reduce tax impact.
We’ll guide you through setting up and managing employee share schemes, making them tax-efficient and compliant.
With our support, you can incentivise employees while benefiting from available tax reliefs.
From asset sales to investments, we help you to keep more of your profits.
Our expert guidance enables you to utilise exemptions and defer gains where possible.
Our property tax expertise ensures you’re taking advantage of all allowances and reliefs, maximising returns on your investments.
We provide strategic advice for property portfolios, acquisitions, and disposals, ensuring a tax-efficient approach.
Starting a new business or restructuring an existing one involves a lot of paperwork and legal formalities. We simplify this process for you, handling everything from company formation and registration to changes in company structure.
We don’t just help you mitigate your liabilities – we also provide you with long-term guidance on managing your taxes at every stage of your business.
Whether you’re running a start-up or an established business, we’ll try to find ways to give you the best chance at success and sustained growth.
If you need help with a personal tax return, FFT are here to help!
We provide straightforward support from registration all the way through to submission, helping you to stay compliant and avoid unnecessary penalties.
You may need to complete a self assessment tax return if you are:
HMRC’s rules vary depending on your circumstances. Our team can advise whether you need to submit a return and what information is required.
The deadline for submitting your online self assessment tax return and paying any tax owed is 31 January following the end of the tax year.
Missing this deadline can result in penalties and interest charges from HMRC.
If your tax return is filed after the deadline, HMRC will normally issue an initial £100 penalty, even if no tax is due.
If the delay continues, additional penalties are applied, including daily charges and further penalties after six and twelve months.
Whether you’re a company director or somebody filing a tax return for the first time, FFT provides dedicated self assessment support for individual taxpayers across Manchester.
We can prepare and submit your return, identify eligible tax reliefs and ensure everything is filed on time, giving you complete peace of mind.
For self assessment tax return support, get in touch today!
Your tax adviser will be a seasoned partner at FFT who will remain your dedicated point of contact for as long as you want – it is not uncommon for our partners to have relationships with clients extending from between 10 and 30 years!
Our partners will treat your success as their own and will always strive to create the best possible financial and tax situation for your business.
The FFT team stays ahead of the curve, providing you with proactive and up-to-date advice to ensure you are always compliant and taking advantage of the latest opportunities.
We monitor changes in legislation, keep you updated about them, and adjust our strategies accordingly to ensure your business is on the right track.
If you miss the self assessment deadline, HMRC will normally issue an automatic £100 late filing penalty. After 3 months, additional penalties of £10 per day can apply for up to 90 days, adding a further £900. If tax remains unpaid, interest and late payment penalties may also accrue.
Tax compliance involves filing historical data with HMRC to ensure that you meet deadlines and avoid penalties, whereas tax advisory is about your future goals to structure finances and investments to minimise tax liabilities.
The deadline for submitting your online self assessment tax return and paying any tax owed is 31 January following the end of the tax year.
The most common mistake is that people fail to include all their sources of income. Taxpayers should declare casual earnings, side gigs and any straightforward bank interest.
Each case is different. Speak to a member of our team today for a quote on the estimated cost.
While you legally do not need an accountant to file a tax return, if you want to submit a return accurately, error-free and on time, an accountant may be the best idea. Professionals can also help you identify lesser-known allowances.
Absolutely, if you are a late or facing an imminent filing deadline, we will help you calculate what is owed, file the paperwork quickly to minimise penalties and handle all correspondence with HMRC.
In order for us to complete your tax return efficiently, we will need proof of all income, allowance business expenses and bank statements covering the relevant tax year.
Once you’ve sent your documents, an online self assessment tax return is typically processed by HMRC within 48 to 72 hours. If you are owed a tax refund, it generally takes an additional 5 to 10 working days for the funds to hit your bank account.
Give us a call, fill in a form, or follow this booking link to get started with FFT.
“FFT were fantastic from our first meeting and saved me a substantial sum in tax. Sam and the team supported in an expert and professional manner throughout. Excellent value for money, highly recommend.”
Mike Sara
Ready to take the next step in your financial journey?
Contact us today to find out how FFT can support you. Whether you need help with your personal finances or business accounting, our friendly and open-minded team is here to assist you.
Freedman Frankl & Taylor is the trading name of FFT Limited.
Registered in England and Wales, Company number: 04510195
Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales
Manchester Accountants
A list of connected firms is available upon request at our registered office.