A tax consultant is a qualified professional who advises individuals and businesses on tax matters. They can help you understand your tax obligations, minimize your tax liability, and ensure you are compliant with tax laws.

They help people and businesses sort out their tax bills. They can fill in tax forms, work out how to pay less tax legally, and deal with tax inspectors if you get picked for a check.

Prices can vary depending on how much they know and how complicated your tax situation is. Expect to pay somewhere between £100 and £500 an hour. It might be worth getting quotes from a few before you choose one. There’s also free tax help from some charities and the government.

A tax advisor can greatly benefit your business by helping you navigate complex tax laws, maximizing tax deductions, ensuring compliance, and optimizing your tax strategy to minimize liabilities. Their expertise can save you time, money, and potential penalties, allowing you to focus on growing your business with confidence.

The exact documents you’ll need depend on your income sources, but some common ones are:

• Payslips (if you’re employed)
• Bank statements (for self-employed income and expenses)
• Dividend vouchers (if you get dividends)
• Rental income records (if you’re a landlord)
• Receipts for work-related expenses (travel, uniform etc.)
• Keeping good records all year round makes filing your return much easier!