PERSONAL TAX
In today’s increasingly complex tax environment, individuals are expected to understand and manage their own tax affairs with greater accuracy than ever before. Without professional guidance, it’s easy to overlook opportunities for tax savings—or fall short of compliance requirements.
At WAHID ASSOCIATES, we specialise in personal tax planning and compliance, offering year-round support to help you optimise your tax position while meeting all legal obligations.
Our expert advice covers a wide range of personal tax matters, including:
Income Tax – ensuring you make the most of available allowances and reliefs
Capital Gains Tax – helping you plan disposals of assets efficiently and tax-effectively
Inheritance Tax – structuring your estate to maximise the value passed on to your beneficiaries
Every pound of tax saved is a pound more in your pocket—or in the hands of those you care about. With WAHID ASSOCIATES, you can feel confident that your personal tax affairs are managed with care, accuracy, and strategic foresight.
SELF ASSESSMENT
Completing a self-assessment tax return can be time-consuming, confusing, and stressful—especially for busy individuals with multiple sources of income or complex financial affairs. Mistakes or missed deadlines can lead to unnecessary penalties and interest from HMRC.
At WAHID ASSOCIATES, we offer a comprehensive Individual Self Assessment service designed to save you time, reduce risk, and ensure full compliance with tax regulations.
Liaise with banks, building societies, and investment platforms to gather all relevant financial data
Accurately calculate your personal tax liability, including income from multiple sources
Prepare and submit your self-assessment tax return to HMRC on time
Notify you of key tax payment deadlines and the amounts due
Provide guidance on maintaining proper records in case of future audits
Apply all eligible allowances and reliefs to minimise your tax bill
Handle correspondence and queries from HMRC on your behalf
Offer advice on potential tax-saving opportunities based on your circumstances
Peace of Mind – Avoid penalties, late fees, and compliance errors
Time Saving – We handle everything so you don’t have to
Expertise – Years of experience dealing with HMRC and self-assessment cases
Personalised Advice – Tailored recommendations based on your financial situation
Year-Round Support – We’re here beyond tax season to support your planning needs
Transparent Communication – Clear guidance and updates at every stage
Confidential & Secure – Your personal financial data is handled with the highest care
Fully Managed Process – From data collection to final submission, we take care of every step
Making Tax Digital (MTD)
Streamline your tax processes with confidence and full HMRC compliance.
Making Tax Digital is a government initiative that requires businesses and individuals to maintain digital records and submit tax returns using approved software. At WAHID ASSOCIATES, we ensure you’re fully prepared and compliant with MTD requirements—whether you’re VAT-registered, a landlord, or managing corporate accounts.
We help you transition smoothly to digital record-keeping, set up compatible accounting software, and handle digital submissions on your behalf. Our goal is to reduce the admin burden and help you stay accurate, organised, and up to date with HMRC’s digital requirements—all with minimal disruption to your business.
What Is Making Tax Digital?
Making Tax Digital (MTD) is a UK government initiative requiring individuals and businesses to keep digital financial records and submit tax returns electronically using HMRC-approved software. The aim is to make tax reporting more accurate, efficient, and easier to manage.
Who Needs to Comply?
MTD currently applies to all VAT-registered businesses with taxable turnover above £90,000 and will gradually extend to other areas like Income Tax and Corporation Tax. Whether you’re a sole trader, landlord, or limited company, WAHID ASSOCIATES can assess your requirements and guide you accordingly.
