Welcome to Tax Tyne
Your Tax Specialists serving clients in Tyne and Wear, the North East of England and Nationwide.
Tax Tyne specialises in a variety of tax and accounting services with outstanding support. We understand how busy you are, and with our expertise we can take care of your tax and accounting needs quickly and effectively. We are equipped to handle the books for you, leaving you to worry less and live more.
All About Us
The Tax Specialists You Can Trust
Tax Tyne specialises in personalised Taxation and Accounting Services throughout Tyne and Wear, North East of England as well as having clients Nationwide. We offer a freelance service and are flexible around our clients needs. By offering a freelance service our personal overheads are low leading to lower fees for our clients in what we call a "win win" situation for both ourselves and our clients. In addition to our Tax Expertise, we have the skills, knowledge and charisma to handle all of your accounting needs. We are ready to tackle any financial challenges that you may have as your trusted tax planner and adviser. Our main aim is to forge successful relationships with our clients which allows us to help them make their business grow. Browse our website to see what we can do for you and how we can legally save you money by minimising your tax liabilities. For any further information please don't hesitate to contact us.
We offer a variety of Tax and Accounting Services which can be tailor made to suit yours and/or your business needs.
Whether you are simply looking for an agent to handle your Self Assessment Tax Returns or are wanting all your Business Tax and Accounting needs met, we will discuss your needs with you and offer a bespoke tailor made package to cater to your needs. We cater for a wide variety of clients such as Self Employed Individuals, Partnerships and Limited Companies. Contact us to arrange an appointment to discuss your needs further and see how we can help your business as well as reduce your tax liabilities legally.
Self Assessment Tax
Each year self employed individuals have an obligation to file their tax returns to HMRC by the required deadline. Surprisingly a large number fail to do this on time this leading to a mandatory penalty of £100. For the tax year 2017/18 alone more than 730'000 tax payers filed their returns late.
Many self employed individuals aren't even aware they have an obligation to register for Self Assessment by a specific deadline when they first commence their self employment leading to further unnecessary fines. In addition to this tax payers can make innocent errors in their returns which can lead to unnecessary investigations into their tax affairs by HMRC.
Not only can we take care of your tax returns and file them in a timely manner preventing you having to pay further penalties, we can also take the stress and hassle out of filling in the returns for you and ensure they are filled correctly allowing you to focus your time elsewhere.
All UK based Limited Companies have a duty to file for corporation tax on an annual basis. Tax Tyne can help assist your company comply with legislation to ensure that all corporation tax returns are done accurately and on time to avoid any penalties. We can also help you plan your tax affairs in order to minimise your tax liability legally thus saving you money to reinvest into your business as you please as well as ensure compliance for any annual returns with Companies House.
VAT is one of the most complex areas of tax. If your taxable turnover exceeds the registration limit (currently £85000 per annum) then by Law you must be registered for VAT.
Tax Tyne can help you with your VAT registration when the time comes (and also help you de-register for VAT when this is applicable and favourable to you). Our specialists can act as an agent for your VAT returns ensuring that your returns are filed on time and accurately to avoid any penalties that you may incur should they be filed late.
The latest HMRC requirement to Make Tax Digital is applicable to VAT and Tax Tyne is on hand to assist you to be compliant in this area.
Accounts, Bookkeeping and Payroll
There are many individuals and business who prefer to manage their own Accounts, Bookkeeping and Payroll systems. This is fine, however by allowing us to take care of this for you will allow you to free up more time to focus on what really matters, making your business a success. Our costs are relatively low and you will be surprised what you can achieve in the free time that we will create for you.
Having a Tax Investigation hanging over your head can be a very stressful and daunting experience. We are on hand to assist you with any issues and can liase with HMRC on your behalf to sort out any tax irregularities that you may have.
Company Formation and Companies House Compliance
One of the legal forms that individuals run their business is via a company. Running a business via a company umbrella can have many advantages in relation to tax. However it must be noted that running a business via a company isn't advantageous in all circumstances.
Our advisers are on hand to assist you with your taxation needs and we can also assist in setting up a company with companies house for you, should this be beneficial. We will also ensure that all annual returns are completed as and when they are due.
New Business Startup
Starting up your own business can be one of the most exciting journeys you will embark but it can also be one of the most daunting too. We know how it feels as we were once a start up too!
One of the most common misconceptions we find with new start up owners is what they think is an allowable business expense (when in reality HMRC views them as not allowable). Simple things like this can cost the business more money than it needs to tax bills. Our specialists can guide you along the way with this and other issues you will come across in your early years.
Let Tax Tyne take the stress and hassle away from you so you can focus on making your business the success it deserves to be. We believe that by forging a great relationship with you we can be on hand to help you and your business to succeed from the beginning.
Specialised Pharmacy Services
With the effects of the funding cuts in recent years and continuous Category M Cuts, it is vital to have an adviser on hand who fully understands the sector in order to truly appreciate the impact that the above has caused to pharmacy businesses across England. The recent confirmation of a 5 year funding deal does offer some consistency for the short term future in terms of revenue but there are many other ways where we can help to reduce your tax bill and thus retain much needed funds for your business.
Having come from a pharmacy background and with over 10 years experience in the community pharmacy sector we have the experience to know the struggles that pharmacy contractors/pharmacists are experiencing and have the expertise to help make things easier.
Whether you are are a pharmacy business owner with a single pharmacy, chain of pharmacies or a locum pharmacist (even if this is on a part time basis), get in touch and let us show you what we can do for you.
Construction Industry Scheme (CIS)
Whether you are a contractor, subcontractor or both, we are on hand to ensure that all your paperwork and tax affairs are in order in compliance with HMRC regulations.
The CIS is ever evolving and we can help you keep on top of the changes as they arise.
Get in touch with us to see how we can help your CIS business in the future.
We are here to provide the best tax and accounting services for our clients, giving them short and long-term strategies for financial success. Contact us today.
Xero Advisor Certified
We are Xero Certified Advisors. Partnering with Xero allows us to offer our clients an established cloud based accountancy software which allows both our clients and ourselves to view business records in real time. We can also help set up your Xero account and offer support using the software as a complimentary service. To learn more get in touch.
Quickbooks Online Certified ProAdvisor
Quickbooks Online Certified ProAdvisor
We are pleased to announce our firm is recognised with Quickbooks Online as Certified ProAdvisors.
Our partnership allows us to offer our clients Quickbooks software at a discounted rate allowing both our clients and ourselves to see their businesses information in real time.
We can help set you up and offer support with monitoring your bookkeeping for those who wish to undertake this service themselves.
To learn more get in touch.
At Tax Tyne, we value our client’s business and understand that costs are integral to the running of our client’s business. We offer a high-quality service at prices with our clients in mind. Being a freelance service provider with minimal overheads allow us to do this so it’s a win win situation for both ourselves and our clients.
Many firms out there offer a variety of set plans at a fixed monthly price which on one hand is great. However, we find that clients end up choosing packages which include services that they don’t need, hence pay more than what they need to. At Tax Tyne we like to find out what services our clients actually need and then set a fixed monthly price based on the services our client’s needs. So, you only pay for what you actually need.
Contact us to arrange an appointment and we will be happy to discuss your options with you.
To obtain a Free, No Obligation Quote or to see how our Taxation Expertise and Personalised Accounting Services can save you time, money, and frustration with managing your finances, give us a call or alternatively email us using the form below and we will be in touch as soon as possible.