Personal Tax

Personal Tax Services (Including Sole Traders and Partnerships)

At Merchant & Co, we understand that managing personal taxes can be a complex and time-consuming task. That's why we offer comprehensive personal tax and self-assessment return services to help you navigate the process with ease and confidence. Our expert team is dedicated to ensuring your tax returns are accurate, compliant, and submitted on time, regardless of your profession or income source.

Self Assessment

We have the expertise and software to take the headache out of form filling and compliance for Self Assessment. We provide practical advice on personal tax and the planning opportunities available to you. In recent years, HMRC has increased penalties for late returns and errors. We can complete tax returns, calculate any tax liability, and advise you on when and how much to pay.

Our Services

• Self-Assessment Returns: We specialise in preparing and filing self-assessment tax returns for individuals across all professions. Whether you are self-employed, employed, or have multiple income streams, we ensure your returns are completed accurately and submitted to HMRC on time.
• Allowable Expenses Guidance: Our team provides clear guidance on allowable expenses, helping you understand what can be claimed to reduce your taxable income.
• Compliance and Accuracy: We prioritise compliance with HMRC regulations, ensuring that your tax returns are accurate and complete, minimising the risk of errors and penalties.
• Personalised Support: We offer personalised support tailored to your unique financial situation, providing expert advice and assistance throughout the tax return process.

Personal and Business Tax Planning for Individuals and Partnerships

Everyone subject to taxation needs professional advice and support to optimise their tax position and ensure compliance. Our specialist tax team offers year-round advice on all aspects of personal taxation, including incorporating businesses such as rental properties.

Making Tax Digital for Income Tax (MTD for Income Tax)

Making Tax Digital for Income Tax is transforming the way businesses, landlords, and self-employed individuals manage their taxes. With the April 2026 deadline fast approaching, it’s time to get ahead. MTD for Income Tax requires businesses and landlords with qualifying income to maintain digital records and update HMRC each quarter using compatible software. This initiative aims to reduce errors, save time, and improve productivity by leveraging digital tools.

How We Can Help

• Expert Knowledge : Our team of experienced tax professionals has in-depth knowledge of the UK tax system, ensuring that your tax returns are handled with expertise and precision.
• Time-Saving: By outsourcing your tax return preparation to us, you can save valuable time and focus on what you do best, whether it's running your business or managing your personal affairs.
• Peace of Mind: With Merchant & Co handling your tax returns, you can have peace of mind knowing that your taxes are in capable hands and that you are meeting all your tax obligations.
• Ongoing Support: We provide ongoing support and advice, helping you stay informed about any changes in tax regulations that may affect your personal tax situation.
• Software Recommendations and Setup: We can recommend and set up compliant software for Making Tax Digital for Income Tax, ensuring you are fully prepared for the upcoming changes and can manage your taxes efficiently.