1. Allan Montgomery & Co
City/Town: Fivemiletown
Postal Code: BT75 0PW
Street Address: 100 Main St
Country: UK
2. Dinsmore & Co
City/Town: Ballymena
Postal Code: BT43 6BL
Street Address: 15 Duke St
Country: UK
3. J A S Campbell & Co Accountants
City/Town: Coleraine
Postal Code: BT51 4DE
Street Address: 49 Managher Rd
Country: UK
4. John Barfoot F.C.C.A
City/Town: Magherafelt
Postal Code: BT45 6EA
Street Address: 8 Broad St
Country: UK
5. Mcdonald O’Neill & Co
City/Town: Dungannon
Postal Code: BT70 1DL
Street Address: 5 Union Buildings Union Place
Country: UK
6. SW Cunningham Ltd
City/Town: Belfast
Postal Code: BT8 6NN
Street Address: 190d Saintfield Rd
Country: UK
7. Carvill & Co
City/Town: Newry
Postal Code: BT34 3PN
Street Address: 53 Upper Dromore Rd
Country: UK
8. Stanley Woods & Co
City/Town: Newtownards
Postal Code: BT23 4AN
Street Address: 49-51 Church St
Country: UK
9. Hamill McIlwaine
City/Town: Omagh
Postal Code: BT79 7BJ
Street Address: 28-30 Old Mountfield Rd
Country: UK
10. Bell Accountancy Services
City/Town: Newtownabbey
Postal Code: BT36 4AD
Street Address: 87 Blackrock Row
Country: UK
11. M J M Mcloughlin
City/Town: Belfast
Postal Code: BT9 6AF
Street Address: 54 Lisburn Rd
Country: UK
12. B D O Northern Ireland
City/Town: Belfast
Postal Code: BT1 5JA
Street Address: Metro Building 1st Floor 6-9, Donegall Square South
Country: UK
13. Farrell Accountants Ltd
City/Town: Castlewellan
Postal Code: BT31 9DD
Street Address: 16 Upper Square
Country: UK
14. DJB Accounting Ltd
City/Town: Antrim
Postal Code: BT41 1HE
Street Address: 34 Knockmoyle Drive
Country: UK
15. Tax Made Easy
City/Town: Belfast
Postal Code: BT15 2GG
Street Address: Unit 48a, 2 Duncairn Gardens
Country: UK
16. Kilmegan Counts
City/Town: Castlewellan
Postal Code: BT31 9ET
Street Address: 66 Kilmegan Rd
Country: UK
17. S P McCaffrey & Co
City/Town: Omagh
Postal Code: BT79 0AG
Street Address: 50 Campsie Rd
Country: UK
18. Sixmile Accountancy
City/Town: Antrim
Postal Code: BT41 4AE
Street Address: 18a Railway St
Country: UK
19. Frank Beattie & Company
City/Town: Larne
Postal Code: BT40 1RE
Street Address: 98b Main St
Country: UK
20. Watson & Colhoun
City/Town: Omagh
Postal Code: BT78 5LU
Street Address: Unit B/15 Omagh Business Complex, Gortrush Ind Est
Country: UK
21. CCW Tax Return Services
City/Town: Ballymena
Postal Code: BT43 6TU
Street Address: 268 Doury Rd
Country: UK
22. Niall Smith Accountancy Ltd
City/Town: Newry
Postal Code: BT35 9SG
Street Address: 3 Forkhill Business Park Main St
Country: UK
23. Eamonn P McGrady & Co
City/Town: Downpatrick
Postal Code: BT30 6LP
Street Address: 21a Market St
Country: UK
24. Carville Consultancy
City/Town: Newry
Postal Code: BT35 9AB
Street Address: 21 North St
Country: UK
25. H Armstrong & Associates Ltd
City/Town: Magherafelt
Postal Code: BT45 8AB
Street Address: 6b Main St
Country: UK
26. Millar McCall Wylie LLP
City/Town: Belfast
Postal Code: BT1 3LG
Street Address: East Belfast Office, 1 Lanyon Quay
Country: UK
27. McAleer Jackson Accountants
City/Town: Dungannon
Postal Code: BT70 1EL
Street Address: 41 Ballygawley Rd
Country: UK
28. J Kennedy & Co Ltd
City/Town: Strabane
Postal Code: BT82 8EG
Street Address: 9 Railway St
Country: UK
29. Muldoon & Co
City/Town: Belfast
Postal Code: BT7 1NZ
Street Address: 16 Mount Charles
Country: UK
30. Ashtree Financial Services Ltd
City/Town: Holywood
Postal Code: BT18 9BX
Street Address: 2 Church Hill
Country: UK
31. Henry Murray & Co
City/Town: Lurgan
Postal Code: BT67 9AG
Street Address: 35 North St
Country: UK
32. Hamilton Morris Waugh
City/Town: Coleraine
Postal Code: BT52 1LA
Street Address: 8 Society St
Country: UK
33. FPM Accountants Ltd
City/Town: Belfast
Postal Code: BT1 4GA
Street Address: 1-3 Arthur St
Country: UK
34. PKF-FPM Accountants
City/Town: Warrenpoint
Postal Code: BT34 3LY
Street Address: 1 The Square
Country: UK
35. Whitesides Chartered Accountants
City/Town: Belfast
Postal Code: BT1 2BA
Street Address: 4 High St
Country: UK
36. Hill Vellacott Chartered Accountants
City/Town: Belfast
Postal Code: BT1 2LB
Street Address: Hill St
Country: UK
37. Deloitte Northern Ireland
City/Town: Belfast
Postal Code: BT2 7EJ
Street Address: 19 Bedford St
Country: UK
38. KPMG Belfast
City/Town: Belfast
Postal Code: BT1 3LP
Street Address: The Soloist Building, 1 Lanyon Pl
Country: UK
39. Edwards & Co Solicitors
City/Town: Belfast
Postal Code: BT1 2LA
Street Address: 28 Hill St
Country: UK
40. Moore Chartered Accountants
City/Town: Belfast
Postal Code: BT1 5GB
Street Address: Donegall House, 7 Donegall Square North
Country: UK
41. CavanaghKelly Chartered Accountants
City/Town: Dungannon
Postal Code: BT71 6AP
Street Address: 36-38 Northland Row
Country: UK
42. Harbinson Mulholland
City/Town: Belfast
Postal Code: BT1 4LS
Street Address: Victoria House, Gloucester St
Country: UK
43. Grant Thornton Northern Ireland
City/Town: Belfast
Postal Code: BT1 3LR
Street Address: Waterfront Plaza, 8 Laganbank Rd
Country: UK
44. ASM Chartered Accountants
City/Town: Belfast
Postal Code: BT1 1QD
Street Address: 20 Rosemary St
Country: UK
45. Baker Tilly Mooney Moore
City/Town: Belfast
Postal Code: BT1 3BG
Street Address: 17 Clarendon Rd
Country: UK
46. Goldblatt McGuigan
City/Town: Belfast
Postal Code: BT1 5BN
Street Address: Lindsay House, 10 Callender St
Country: UK
47. PricewaterhouseCoopers LLP
City/Town: Belfast
Postal Code: BT1 6GE
Street Address: Merchant Square, 20-24 Wellington Pl
Country: UK
48. Ernst & Young LLP
City/Town: Belfast
Postal Code: BT2 7FD
Street Address: Bedford House, 16-22 Bedford St
Country: UK
49. John McMahon & Co
City/Town: Ballymena
Postal Code: BT43 6DD
Street Address: 19-21 Church St
Country: UK
50. Sheridan & Co
City/Town: Belfast
Postal Code: BT1 6FD
Street Address: 54-56 Upper Queen St
Country: UK
Tax preparation is an essential service for individuals and businesses, ensuring that they comply with their tax obligations while maximizing potential deductions and minimizing liabilities. In Northern Ireland, as in the rest of the UK, tax preparation services are widely available, provided by accountants, tax advisors, and specialized firms. These services are designed to guide clients through the often complex process of filing tax returns, managing tax liabilities, and navigating tax laws to ensure that they are paying the correct amount of tax.
1. What is Tax Preparation?
Tax preparation refers to the process of preparing and filing tax returns, ensuring that individuals or businesses meet their legal tax obligations. Tax preparation services typically involve gathering financial records, calculating tax liabilities, claiming allowable deductions, and submitting the completed tax return to HM Revenue & Customs (HMRC), the UK’s tax authority.
In Northern Ireland, tax preparation services are crucial for ensuring that tax returns are filed accurately and on time, helping clients avoid penalties and interest for late payments or incorrect filings. These services are also essential for those who want to optimize their tax position, ensuring that they are taking advantage of all available tax reliefs and deductions.
2. Types of Tax Preparation Services in Northern Ireland
Tax preparation services in Northern Ireland are available for individuals, businesses, and self-employed individuals. Some of the most common tax preparation services include:
a) Personal Tax Preparation
Personal tax preparation involves helping individuals prepare and file their annual tax returns. Individuals may need tax preparation services for various reasons, including:
- Employment Income: Tax preparation services can help individuals calculate and report income from employment, including income tax and National Insurance contributions.
- Self-Employment: For those who are self-employed, tax preparation services can assist with calculating and reporting income and expenses, ensuring that self-employed individuals pay the correct amount of tax and claim any relevant expenses.
- Investment Income: If an individual receives income from investments, such as dividends, capital gains, or rental income, tax preparation services can help report these accurately and ensure compliance with tax laws.
- Tax Deductions and Credits: Tax preparers can help individuals identify deductions and credits they may be eligible for, such as marriage allowance, blind person’s allowance, or relief for charitable donations.
b) Business Tax Preparation
Businesses in Northern Ireland, whether they are limited companies, sole traders, or partnerships, require tax preparation services to ensure compliance with UK tax laws. Business tax preparation services include:
- Corporate Tax Returns: Limited companies must file an annual Corporation Tax Return (CT600) with HMRC, detailing their profits, expenses, and tax liabilities. Tax preparation services ensure that the return is filed accurately and on time.
- VAT Returns: If a business is VAT-registered, it must submit regular VAT returns to HMRC, detailing the VAT collected on sales and the VAT paid on purchases. Tax preparers can assist with VAT return filings and ensure that businesses remain compliant with VAT regulations.
- PAYE and Payroll Services: Businesses that employ staff must operate PAYE (Pay As You Earn) to deduct income tax and National Insurance contributions from employees’ wages. Tax preparation services can assist with payroll processing and the submission of PAYE records to HMRC.
- Capital Gains Tax: Businesses that dispose of assets, such as property or equipment, may be subject to Capital Gains Tax (CGT). Tax preparers can help businesses calculate and report any capital gains.
c) Self-Assessment Tax Returns
Self-employed individuals and those with complex tax affairs, such as multiple income streams or income from investments, may need to file a Self-Assessment tax return. This is a more detailed tax return form used to report income, gains, and any other tax-related matters. Tax preparation services assist with completing Self-Assessment tax returns accurately and submitting them to HMRC before the deadline.
d) Tax Planning and Advice
Tax planning is an essential part of tax preparation, particularly for high-income earners, business owners, and individuals with complex tax situations. Tax preparers provide expert advice on how to minimize tax liabilities by utilizing legitimate tax planning strategies. This may involve advice on:
- Income splitting: Dividing income between spouses or family members to reduce overall tax liabilities.
- Pension contributions: Making contributions to pensions to reduce taxable income and receive tax relief.
- Inheritance Tax planning: Advice on how to reduce inheritance tax liabilities through careful estate planning and the use of trusts.
- Capital Allowances: Maximizing tax relief for capital expenditures by claiming capital allowances on purchases of assets, such as machinery or business equipment.
3. Tax Preparation Process in Northern Ireland
The tax preparation process involves several key steps to ensure that taxes are filed correctly and on time. The typical process for tax preparation services in Northern Ireland includes the following:
a) Gathering Financial Information
The first step in tax preparation is gathering all relevant financial documents. For individuals, this may include:
- P60 and P45 (for employees)
- Bank statements and investment records
- Invoices, receipts, and records of self-employment income and expenses
- Any other supporting documents (e.g., charitable donations, pension contributions) For businesses, this would include financial statements, sales records, payroll records, VAT records, and other documents related to income and expenses.
b) Calculating Tax Liabilities
Once the financial information is collected, tax preparers will calculate the tax liabilities based on current tax laws. For individuals, this could include calculating income tax, capital gains tax, and National Insurance contributions. For businesses, this might include calculating Corporation Tax, VAT, and PAYE liabilities.
c) Claiming Allowable Deductions and Reliefs
Tax preparers will review available deductions and reliefs to ensure clients are claiming all they are entitled to. For individuals, this may involve claiming personal tax allowances or charitable donation reliefs. For businesses, this might involve claiming expenses, capital allowances, or other deductions related to the business’s operations.
d) Filing the Tax Return
After all calculations are completed and deductions are applied, the tax preparer will submit the tax return to HMRC. This can be done online via the HMRC portal, which is the most common method of submission in the UK. In some cases, tax preparers may submit paper returns if necessary.
e) Providing Ongoing Advice and Support
Tax preparation does not end with filing the return. Many tax preparation services in Northern Ireland offer ongoing support and advice, helping clients stay on top of their tax obligations throughout the year. This may include advising clients on making estimated tax payments, updating tax records, and ensuring compliance with any changes in tax laws.
4. Costs of Tax Preparation Services
The cost of tax preparation services in Northern Ireland can vary depending on the complexity of the return and the type of service provided. For personal tax returns, fees may range from £100 to £300 for a simple Self-Assessment return, while more complex returns could cost significantly more. Business tax preparation fees are typically higher, ranging from £300 to £2,000 or more, depending on the size and complexity of the business’s finances.
It is important to note that many tax preparers offer a free initial consultation or quote, allowing clients to assess the cost before committing to services. Clients should always ask for a detailed breakdown of fees and ensure they understand what services are included.
5. Choosing a Tax Preparation Service in Northern Ireland
When selecting a tax preparation service in Northern Ireland, it is important to consider the following factors:
- Experience and Qualifications: Ensure that the tax preparer is qualified and experienced, such as being a chartered accountant or a tax advisor registered with a professional body (e.g., the Association of Taxation Technicians).
- Reputation: Look for tax preparers with positive reviews and a strong reputation in the local community.
- Services Offered: Ensure that the tax preparer offers the specific services you require, whether it’s personal, business, or self-employment tax preparation.
- Fees: Make sure to understand the fee structure before committing to a service. Be wary of unusually low fees that might suggest low-quality service.
Conclusion
Tax preparation services in Northern Ireland are invaluable for individuals and businesses seeking to navigate the complexities of the UK’s tax system. From personal tax returns to business tax filings, tax preparers help ensure compliance with tax laws while maximizing deductions and minimizing liabilities. Whether you are self-employed, a business owner, or simply need assistance with personal taxes, professional tax preparation services can provide expert guidance and peace of mind.