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Simplifying Your Tax, Maximising Your Savings
Welcome to the website of Finanche Limited, a leading chartered accountancy firm based in Reading, UK. We are dedicated to providing high-quality tax services to businesses and individuals in the local area and beyond. Our team of expert accountants is committed to helping you navigate the complex world of taxes and ensure that you are paying only what you owe.
At Finanche Limited we understand that taxes can be a confusing and stressful experience, which is why we offer a comprehensive range of services to help make the process as smooth and straightforward as possible.
Our experienced accountants will help you manage your personal tax obligations and ensure that you are making the most of all available tax reliefs and allowances regardless of your UK residency status.
We provide a full range of business tax services, from preparing and filing your tax returns to providing advice on tax planning and compliance. Our goal is to help you minimise your tax liabilities and maximise your profits.
Our team of experts will help you navigate the complex world of VAT, ensuring that you are compliant with all relevant regulations and making the most of any available VAT reliefs.
If you are facing a tax investigation, our team of experts will provide you with expert support and guidance to help resolve the issue as quickly and efficiently as possible.
At Finanche Limited, we are committed to providing the highest standard of customer service and support. We are always available to answer any questions you may have and provide you with the guidance and advice you need to make informed decisions about your taxes.
To learn more about our tax services or to schedule a consultation with one of our expert accountants, contact us today. We look forward to helping you with all of your tax needs.
We hope you become one of our happy customers
I didn’t familiar with UK’s tax system when I come across with the 1st self assessment. It is a big project and just looking for any tax advisors can help. Surfing in Internet and just try one. I was so luck to reach Finanche Ltd and unbelievable, they have Hong Kong tax advisor Billy to help me. After several communication, I was so impressed by their professional advices and detail works. There is no doubt to highly recommend Finanche Ltd and Billy to any people they need tax issues’ advices. Once again, Thank you sooooo much for their help.
Very knowledgeable and reasonable account, Answered all my queries, which was many, in a fast and professional manner, Would highly recommend Sergei.
Sergei provides efficient, patient, well informed support throughout completing tax returns and responding to questions and the inevitable anxieties one can have. A pleasure to work with, thank you.
I have dealt with many accountants. Sergei is one of the dependable ones with sound knowledge. His fees are reasonable and he takes good care of his customers. Would happily recommend him to anyone in need of a good accountant.
Having been in the tutoring industry for over a decade, it's safe to say that I've been through a fair share of accountants. After much searching, I have finally found the right one for me and my business. Sergei and his team have a wealth of experience on the most up to date software and tax regulations and have already managed to clear up my VAT issues. I would highly recommend them to business owners of any size!
Your tax questions, answered: helping you stay informed and stress-free
If you’re self-employed or a director of a limited company, you must submit a Self Assessment tax return each year. The deadline for filing online returns is 31 January following the end of the tax year (which runs from 6 April to 5 April). For example, the 2024/25 return is due by 31 January 2026. Paper returns are due earlier—by 31 October.
You’ll need to gather:
Accurate and complete information helps avoid errors, penalties, or overpaying tax. Tip. Did you know? Higher earners in the UK miss out on hundreds of millions in unclaimed pension tax relief every year. HMRC are quick to tell you if you miss something but if you are missing out on claiming a relief they won’t tell you. If you are a higher rate tax payer and have been making employee pension contributions outside of salary sacrifice arrangements, you could be due some tax back. Contact us or seek professional advice on how to do this.
Allowable business expenses reduce your taxable profit. These can include:
Expenses must be wholly and exclusively for business purposes. Keeping receipts and detailed records is essential. Tip. On average only about 800,000 taxpayers make a claim each year for allowable expenses from HMRC. Considering the total taxpayer population in UK as of 2022 as per the government statistics was 32,200,000, this represents only 2.5% of claims. Why not arrange a call with one of our experts and see if you are due some money back?
If you miss the 31 January deadline, you’ll receive an automatic £100 penalty. Further penalties apply if your return is more than:
Interest is also charged on any late tax payments. If you’re unable to file or pay on time, contact HMRC as soon as possible to arrange a payment plan. Tip. HMRC will charge you interest on the payment plan. Considering completing the tax returns early – by May/June. This will give you eight months to pay the tax and you can spear the payments without a payment plan and interest free.
Yes, if HMRC has issued a notice to file, you must complete a tax return—even if you made no profit or had minimal income. If you’ve stopped trading or believe you no longer need to file, you must notify HMRC and formally request that the return be withdrawn.
Filing a return with a declared loss can still be beneficial, as the loss may be carried forward to offset against future profits. Tip. Check your gateway account or call HMRC to confirm that a return is not required. Don’t assume that they know. We have successfully challenged many late filing penalties for taxpayers that were not aware that they needed to tell HMRC that they are no longer trading.
Drop us a line, we’d love to hear from you.
