At Audaxtax Limited, we are dedicated to providing comprehensive taxation services tailored to meet the unique needs of individuals. Our expertise encompasses a wide array of services designed to ensure compliance and optimise your financial outcomes.

Self-Assessment Tax Return Assistance

Navigating the complexities of Self-Assessment can be daunting. Whether you're self-employed, a landlord, or have additional income streams necessitating a tax return, our team offers meticulous assistance in preparing and filing your Self-Assessment tax returns. We ensure that all eligible deductions and allowances are claimed, potentially reducing your tax liability.

Making Tax Digital (MTD) Compliance

The UK government's Making Tax Digital initiative is transforming the tax system, making it more effective and efficient. From 6 April 2026, self-employed individuals and landlords with an annual income exceeding £50,000 will be required to comply with MTD for Income Tax. This threshold will extend to those earning over £30,000 from April 2027. Under MTD, affected individuals must maintain digital records and submit quarterly updates to HMRC using compatible software.

Understanding and implementing these changes can be complex. Audaxtax Limited is here to facilitate a seamless transition by:

• Assessing MTD Applicability: Determining how and when MTD affects your specific circumstances.

• Software Integration: Assisting in selecting and implementing HMRC-approved MTD-compatible software that aligns with your business operations.

• Ongoing Compliance Support: Providing continuous support to ensure your digital records and quarterly submissions meet HMRC standards.

Tax Code Reviews

Incorrect tax codes can lead to overpayments or underpayments of tax. Recent reports indicate that millions may be on the wrong tax code, resulting in significant overpayments. Our team can review your tax code to ensure its accuracy, helping you avoid potential issues and ensuring you're not overpaying or underpaying tax.

Capital Gains Tax Planning

If you've disposed of assets such as property or investments, you may be liable for Capital Gains Tax. We offer strategic advice to manage and potentially minimise this liability, ensuring compliance while optimising your financial position.

Inheritance Tax Planning

Planning for the future is crucial. Our inheritance tax planning services are designed to help you structure your estate efficiently, aiming to reduce the tax burden on your beneficiaries.

Why Choose Audaxtax Limited?

Our client-centric approach ensures that your individual tax needs are met with professionalism and personalised attention. We stay abreast of the latest tax regulations and technological advancements, such as MTD, to provide you with informed and effective tax solutions.

For more information on how Audaxtax Limited can assist you with your taxation needs, please contact us today.