Total Tax Accountants

If it looks a bit off, take a closer look. 🔍

Everyone can learn to spot the signs of tax avoidance.

Don't get caught out. Learn more by clicking the link below. 👇

https://dontgetcaughtout.campaign.gov.uk/tax-avoidance/?&utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=dgco_avoidance

Need an Accountant to File Your Company Tax Return? 📊

Don’t let tax deadlines become a headache. Our experienced accountants can prepare and file your Company Tax Return accurately and on time, helping you stay compliant with HMRC.

✔️ Professional tax advice
✔️ Accurate calculations
✔️ Timely filing
✔️ Stress-free service

Let us handle your tax, while you focus on your business.

📩 Contact us today to get started
Total Tax Accountants

Forgot to let us know your kids are continuing education in the back to school rush? 🎒

Don’t worry! Your Child Benefit claim will have stopped, but you can apply to restart it again in just a couple of minutes. ⏰

Apply for a child benefit extension using the HMRC app or online.

Find out more here. 👇

https://www.gov.uk/guidance/download-the-hmrc-app?&utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=child_benefit&utm_content=q2

Company Tax Return

Your company or organisation must file a Company Tax Return if HM Revenue and Customs (HMRC) sends you a ‘Notice to deliver a Company Tax Return

You must still file a return even if your company has made a loss or has no Corporation Tax to pay.

If you’re self-employed as a sole trader or work in a partnership, you do not need to file a Company Tax Return. Instead, you must file a Self Assessment tax return.

Filing your return

You should file your Company Tax Return online.

You can only file your return by post if:

* you have a reasonable excuse for not filing online, or
* you are filing your return in Welsh.

If you previously used HMRC’s online service, you may need to follow different steps to file your company accounts and tax returns.

What your tax return includes

When completing your Company Tax Return, you need to work out:

* your profit or loss for Corporation Tax, which may be different from the profit or loss shown in your annual accounts
* the amount of Corporation Tax you owe

You can prepare and file your tax return yourself, or you can ask an accountant to do it for you.

Deadlines

You normally have 12 months after the end of your accounting period to file your Company Tax Return.

If you file your return late, you may have to pay a penalty.

The deadline for paying your Corporation Tax is separate. For most companies, it is 9 months and 1 day after the end of the accounting period.

Penalties for late filing
You’ll have to pay penalties if you do not file your Company Tax Return by the deadline.

Time after your deadline Penalty
1 day £200
3 months Another £200
6 months HM Revenue and Customs (HMRC) will estimate your Corporation Tax bill and add a penalty of 10% the unpaid tax
12 months

Need help filing your Company Tax Return?

Let our experienced accountants take care of it for you. From preparing your tax return to meeting HMRC deadlines, Total Tax Accountants will make the process simple and stress-free.

Junior Individual Savings Accounts (ISA)

Junior Individual Savings Accounts (ISAs) are long-term, tax-free savings accounts designed for children.

Who can get a Junior ISA?

Your child must:

* be under 18
* live in the UK

If your child lives outside the UK

Your child can only have a Junior ISA if both of the following apply:

* you are a Crown servant, such as a member of the UK Armed Forces, diplomatic service or overseas civil service
* your child depends on you for care

Your child cannot have a Junior ISA and a Child Trust Fund at the same time. If you want to open a Junior ISA, ask the provider to transfer the Child Trust Fund into it.

How Junior ISAs work

There are two types of Junior ISA:

* Cash Junior ISA ,you do not pay tax on the interest earned on your savings.
* Stocks and shares Junior ISA ,your money is invested, and you do not pay tax on any capital growth or dividends you receive.

Your child can have one or both types of Junior ISA.

A parent or guardian with parental responsibility can open and manage a Junior ISA, but the money belongs to the child.

Your child can take control of the account when they turn 16, but they cannot withdraw the money until they turn 18.

Open a Junior ISA

Only a parent or guardian with parental responsibility can open a Junior ISA for a child under 16.

To open a Junior ISA, you need to:

* choose the type of Junior ISA you want for your child cash, stocks and shares, or both
* choose an account provider
* get an application form from the provider

Your child can have:

* one cash Junior ISA
* one stocks and shares Junior ISA

Children aged 16 or 17 can open a Junior ISA themselves.

Junior ISA providers

Junior ISAs are available from a range of providers, including banks, building societies, credit unions, friendly societies and stockbrokers.

Contact a provider directly to find out more about their Junior ISAs and how to open an account with them.

Did you know your child could have up to £2,200 saved in their name? 👀

If they’ve just turned 18, they may have a Child Trust Fund they can access now.

Check if they qualify. ⬇️

https://www.gov.uk/child-trust-funds?&utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=child_trust_funds

Get help with your tax

You can get help if you do not understand something about your tax, such as tax returns, tax allowances or tax codes.

For simple questions, you can contact HM Revenue and Customs (HMRC). You should also contact HMRC first if you:

* cannot pay your tax bill on time
* disagree with a tax decision
* have additional needs, such as a disability or difficulty speaking English

If you’re on a low income

If HMRC cannot help and you have a low income (up to around £380 a week), you may be able to get free professional tax advice.

This can include help with filling in forms and advice on what to do if you owe money to HMRC.

You can contact:

* Tax Help for Older People if you are over 60 and need help with your personal tax
* TaxAid for help with business or personal tax

Get help from family or friends

You can give permission to a friend or family member (a ‘trusted helper’) to deal with HMRC on your behalf.

They can help with things such as checking your Income Tax estimate, speaking to HMRC or helping you complete forms.

Hiring a professional

An accountant or tax adviser may be able to help you with your tax.

You will need to give the accountant or tax adviser permission to deal with HMRC on your behalf.

Need help with your tax? You can hire Total Tax Accountants for professional, reliable tax advice and support with your tax affairs

Proof of eligibility for Child Benefit

You can usually use your Child Benefit award notice as proof that you are entitled to Child Benefit.

Child Benefit award notices have replaced Child Benefit numbers as the main way to prove eligibility. If you made your first claim after 23 February 2021, you will not have a Child Benefit number.

Check with the organisation requesting the proof to find out what evidence they require and how recent it needs to be.

If you need alternative proof

You may be able to:

* Use a bank statement showing Child Benefit payments being made into your account.
* Use the online service or the HMRC app to print your ‘proof of entitlement’ page or save it as a document.

Using the online service

You will need to sign in to use the service. If you do not already have sign-in details, you can create them.

When you sign in, you will be told if you need to verify your identity. This helps keep your information secure and will usually involve using photo ID, such as a passport or driving licence.

If you need help obtaining proof

Contact the Child Benefit Office for further information about getting proof of your entitlement.

https://www.gov.uk/find-hmrc-contacts/child-benefit-general-enquiries?utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=channel_links&fbclid=IwRlRTSAT5ZltwZG9mAWZkaWQWUNG3iAWRyixLNcT7GVr9XtfTaGEhx2V4dG4DYWVtAjEwAHNydGMGYXBwX2lkCjY2Mjg1NjgzNzkAAR6QO5XE6aA3YQhtjHPV2JmXrB8rkORWqZOGtcuHDt8FJeMPymdw63OZ76B8GQ_aem_HrvWCXO0VcZ11a7V4MKFtg

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Child Benefit: enquiries Contact HMRC for information about eligibility, claiming and stopping Child Benefit, changing your personal details and making a complaint.

Second Registration Window Now Open for Tax Advisers

HMRC has opened the second phase of mandatory tax adviser registration as part of the new Modernising and Mandating Tax Adviser Registration (MMTAR) rollout.

Tax advisers with Self Assessment or Corporation Tax accounts but without an Agent Services Account (ASA) must now register. Eligible advisers have until 18 November 2026 to complete their registration.

Advisers who provide professional payroll services only do not need to register before 18 November 2026. Financial services organisations have until 31 December 2026 to register.

The mandatory registration requirements are designed to protect customers and help raise standards across the tax advice sector.

Registration is now open to advisers covered by the second phase of the new requirements.

Has your child recently received their results? 📣

If they’re staying in education or training next year, you’ll need to update your Child Benefit claim on the HMRC app or online by 31 August.

Don’t miss out on up to £1,406 a year. 💷

Find out more. ⬇️

https://www.gov.uk/child-benefit-16-19?&utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=dcs26&utm_content=ftnaegcseboost