Davenports Accountancy

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Income Tax Services Bury, Manchester

Income tax can become complicated when you have income from different sources, such as employment, property, dividends, pensions or self-employment.

 

At Davenports, we make income tax easier to understand. We’ll review your position, check you’re paying the right amount and identify legitimate ways to make your tax affairs more efficient.

 

What Is Covered in Our Income Tax Service?

Our income tax services can include:

 

  • Reviewing your overall income tax position
  • PAYE and tax code checks
  • Self-employment and additional income
  • Rental and property income
  • Dividends and investment income
  • Salary and dividend planning for directors
  • Tax planning for higher earners
  • Tax allowances and available reliefs
  • Overpaid or underpaid tax
  • Pension and Capital Gains Tax considerations

Whether you need a one-off review or ongoing tax advice, we’ll tailor our support to your circumstances.

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    What Are the Benefits of Our Income Tax Service?

    Our income tax service covers everything from PAYE and tax code reviews to self-employment, rental income, dividends, investments and pensions. We can also help with tax overpayments, available allowances and reliefs, and tax planning for higher earners.

     

    For company directors and business owners, we can review how you take income from your business, including salary and dividends, and help you understand the tax implications of your options.

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    Whether you’re growing a business, managing accounts, or planning ahead, our team is here to help you take the next step with ease. Start your journey today with Davenports.

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    What Are the Benefits of Our Income Tax Service?

    Having a clear understanding of your income tax position can help you avoid unexpected bills and make sure you’re not paying more tax than necessary. We look at the bigger picture, bringing together your different sources of income to give you a clear view of your overall position.

     

    Our proactive approach also means looking ahead. Where there are legitimate opportunities to make your tax affairs more efficient, we’ll explain them clearly and help you plan accordingly.

    Why Choose Davenports for Your Income Tax Service?

    At Davenports, we believe tax advice should be straightforward. We explain your position in plain English, without unnecessary jargon, so you know exactly where you stand.

     

    Our advice is tailored to you and your circumstances. Whether you need a one-off income tax review or ongoing support, you’ll receive practical, proactive advice with clear fees from a team based in Bury, Greater Manchester.

    Get Clarity on Your Income Tax

    If you’re unsure whether you’re paying the right amount of income tax, or you want to find out whether your tax position could be more efficient, speak to Davenports today.

    FAQs

    How do I know if I’m paying the correct amount of income tax?

    The amount of income tax you pay depends on your income, tax code, allowances and where your income comes from. If you have multiple sources of income or think your tax code may be incorrect, we can review your position and check whether you’re paying the right amount.

    Do I need to pay income tax on rental income?

    You may need to pay income tax on profits you receive from renting out a property. The amount depends on your rental income, allowable expenses and other income. We can help you calculate what needs to be declared and the tax that may be due.

    How can I legally reduce my income tax bill?

    There may be allowances, reliefs and tax-planning opportunities available depending on your circumstances. This could include pension contributions or reviewing how you receive your income. We can identify the options that are relevant to you.

    Do company directors pay income tax on dividends?

    Dividends can be taxable depending on your total income and the allowances available to you. If you’re a company director, we can review how you take income from your company and explain the tax implications of salary and dividends.

    Can I claim a tax refund if I’ve paid too much through PAYE?

    Yes, you may be able to claim a refund if you’ve overpaid income tax. This can happen because of an incorrect tax code, changing jobs or having multiple sources of income. We can review your position and help determine whether tax has been overpaid.

    When should I speak to an income tax adviser?

    It can be worth speaking to a tax adviser if you have multiple sources of income, become a landlord, start receiving dividends, move into a higher tax bracket or simply aren’t sure whether you’re paying the correct amount of tax. Getting advice early can also help you plan ahead and avoid unexpected tax bills. Get in touch today!

    Contact Us Today