Welcome To TGKS Accountancy in Leeds
Providing Accountancy and Tax Support services for local businesses.
Read moreAccountancy & tax services
Year End Accounts
Running a successful company involves a huge amount of responsibility and requires a greater level of accounts keeping than any other business type. It is mandatory that all limited companies submit their accounts annually to HMRC and Companies House.
Self-Assessment Tax Returns
TGKS Accountancy can assist your business by providing practical advice on personal tax requirements and planning. HMRC have increased the penalties for failing to file a tax return on time and for making errors.
Corporation Tax Returns
Corporation tax liability is the legal responsibility the falls on business owners. The tax is imposed on the net income of a company and it’s mandatory for all companies to file a corporation tax return to HMRC each year to calculate how much is owed.
Latest News
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Company buying back shares? Watch out for forthcoming changes
Company owners arranging a retirement, a family succession or a shareholder exit may need to rethink how shares are bought back. The Budget confirms that the government intends to tighten the rules distinguishing capital gains from dividend income, potentially making some buybacks considerably more expensive. How might an ordinary business exit be caught?
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A £3,000 side-hustle allowance: more generous than it looks?
People making money from small side businesses will have more room to earn without paying income tax, following a Budget decision to triple the trading allowance. However, the figure relates to what you receive before expenses, not the profit you keep. Will the £3,000 allowance actually save you tax?
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HMRC increases penalty interest rates
An increase in the Bank of England base rate also increases the penalty interest charged by HMRC on underpaid taxes. What are the new rates?
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