Thomas & Co Accounting Services

Personal Tax

Accountants in Greater Manchester

Personal Tax

Need personal tax advice? We can help.

Matthew Fletcher
Matthew Fletcher
01/07/2023
Josh and his team started with My Ability (my company) back in feb 23 . We went from a single self employed accountant who we felt was doing enough at the time and was really cost effective for us as we was new. Starting with Thomas and co was more expensive and was something we wasn’t 100% sure we could afford at the time, fast forward 6 months and we are in the best position financially we have ever been in, we know exactly where we are up to , all our staff have every query answered down to the finest detail and it’s helped put my mind at rest as young business owner. The monthly cost with Thomas and co is paid for by the amount they are able to save for us over the year in tax and beneficiaries we never even knew about. It’s the best step I’ve made since starting a business and we are looking forward to everything else we can achieve under Thomas and co’s supervision, they are more than just accountants, they hold us accountable through the business and ensure we are getting everything we can done to make our business grow month on month. Amazing team would recommend to anyone
Llew Gibson
Llew Gibson
13/03/2023
Extremely professional service!!! This team of accountants has saved me £1,000s in a matter of weeks!! It’s great to have an accountant that genuinely cares about the growth of your business and helps with strategy to reduce tax along the way. Very clear with their explanations of complex terms so we can make the best decisions for the company. Very excited for the future with Thomas & Co
dillon brennan
dillon brennan
04/12/2022
Very professional would definitely recommend
Everyday Cleaning & Maintenance LTD
Everyday Cleaning & Maintenance LTD
02/11/2022
Fantastic accountants ! Highly recommend . Aftercare is always there from Josh and James and worth every penny of their services . Thank you both
Darren Smith
Darren Smith
23/10/2022
I was having an issue with hmrc from a previous accountant. Josh sorted the issue very quickly and I would recommend his services to anybody.
James Vogle
James Vogle
21/10/2022
this accountancy firm changed my life - Josh and his team are absolute workhorses - no more 3 weeks for a response from my old accountant! Finally someone that helps me understand my business and my finances so I feel on track all the time rather than panicking at end of year!
Primo Sports
Primo Sports
21/10/2022
Josh has been our accountant for the past few months and he has changed the way we have done things in terms of financials. Learning from mistakes we’ve made in our first 2 years in business highlighting all the places where we could of improved over that time. Made our lives 10x easier. Highly recommend 👍🏼
Scott Walker
Scott Walker
21/10/2022
Josh deals with my personal tax and both of my businesses and professional from the outset, he is very knowledgeable, and always at the other end of the phone when needed.
elliot fish
elliot fish
21/10/2022
Absolutley amazing customer service and really helpful! Highly reccommend
Naomi Bolt
Naomi Bolt
15/08/2022
It has been a pleasure working with James! He’s made this process smooth and put my mind at ease by thoroughly explaining everything I needed to know. All communication is given in a timely manner and I feel comfortable to reach out if I need further explanation. Great for small businesses/freelancers, I would highly recommend!

What is Personal Tax?

If you earn money from your income, savings, pensions, or various other benefits, you need to pay personal tax. The last thing we want is for you to stress about the finer details of this, or worse receive a penalty for not complying correctly. Chat to us and discover how our personal tax services can help you prepare and submit your personal tax returns.

Tips on Personal Tax

How do I set up a Personal Tax account?

This can be done on the HMRC website. When setting up your HMRC personal tax account you will need your P60 and national insurance number.

When is Personal Tax due?

The personal tax deadline is midnight on 31st January the year after your tax year ends.

What is a Personal Tax allowance?

Personal tax allowance is the amount of money a person can earn that is free from tax. For example, in the year 2020-2021 the personal tax allowance was £12,500. This means you would not have been taxed on any earnings below £12,500 and would have been taxed on earnings above £12,500. You must make sure you are eligible for personal tax allowance, talk to us to find out more.

How long do I have to keep Personal Tax records for?

HMRC advises: “you must keep your records for at least 5 years after the 31st January submission deadline of the relevant tax year. HM Revenue and Customs may check your records to make sure you’re paying the right amount of tax.”

Saddleworth – Tameside - Greater Manchester

Why choose us as your Personal Tax accountant?

Of course you can do your personal taxes yourself, but if you are finding them mind-boggling or are simply too busy, Thomas & Co are here to support you.

We can help you set up a personal tax account with HMRC, keep on top of tax deadlines, advise on record keeping, keep you up to date with your personal tax allowance, calculate your personal income tax rate, and much more.

Personal tax accounting does not have to cost the earth, we calculate our fee on a case by case basis, depending on your needs. Get in touch for a free quote.

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Not Your Everyday Accountant

We are invested in you. Is there something worrying you?

Let us take away the pressure so you can focus on the bigger picture, growing your business. Got concerns about that too? Ask us, our expertise helps you plan for the future and reach your goals. At Thomas & Co Accounting we have streamlined our service using the latest cloud accounting software, this allows us to provide the highest level of customer service to our clients and calm any financial anxieties.