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Personal Tax

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Personal Tax Overview

Benjamin Franklin’s often-quoted remark that “nothing can be said to be certain, except death and taxes” holds as true today as it ever has; but the quality and length of your life, and how much tax you’ll pay, are much more open to debate.

Every client will need to account for taxes in one form or another, from a relatively straightforward self-assessment tax return to a much more complex structure of business and individual taxes.

For many people, preparing and filing a self-assessment tax return can be a stressful and onerous task. Even if your return is relatively simple, recognising and collating the accurate information that HMRC needs while understanding the various allowances and tax reliefs can be a time-consuming process. A straightforward return can also easily become more complex, as income from investments, an element of self-employment, and any income from rented property is added to the mix.

Our specialist personal tax team has years of experience and expertise in dealing with self-assessment tax returns for a wide range of clients. We can complete your self-assessment tax return on your behalf, calculate your tax bill, and deal with HMRC. We will make sure that all information is presented properly to mitigate your liabilities.

The self-assessment tax return services we offer include:

  • Assisting with the collation and preparation of your necessary financial information
  • Assisting with the preparation of your self-assessment tax return
  • Accurately calculating your tax bills
  • Advising you of all tax payments due
  • Ensuring you meet the deadlines to avoid penalties and interest
  • Dealing with HMRC on your behalf
  • Dealing with any enquiries from HMRC following tax returns
  • Handling other matters such as checking PAYE code numbers and statements of account.

We can also work closely with you to understand your personal financial aims and objectives. We can then help you to utilise all the available tax planning opportunities, reliefs and allowances that will help you to achieve those financial ambitions.

To chat to us about your plans, get in touch with us or make an appointment with one of our tax experts at one of our offices in Exeter, Wells, Chippenham and Yeovil.




As a family business you tend to find yourself wearing a lot of hats, so it’s essential to have an adviser like Phil Mills who knows our industry and is a good sounding board. The move onto Xero was a massive transition for us as there’s a lot of paperwork generated because of the cheese sales and we needed to set up all the cost centres and systems. We can now pull the right information on a monthly basis to provide us with much better insights to be able to run the business.

Mike Davies. Dorset Blue Vinny.
“Old Mill’s Xero specialist, Jude Bennett was phenomenal in helping us through this and was always readily available and accessible… she’s been unbelievable.”

Emily Davies. Wood bridge Farm and Dorset Blue Vinny.
"What attracted us to Old Mill was their rural and food credentials; they are known in the agricultural space across the West Country and have genuine Food & Drink specialists who understand the entire supply chain, which means we can readily plug into that expertise."

Mike Davies. Dorset Blue Vinny.
“Old Mill have been very helpful with the future planning of our family business, ready for generations to come.”

Tim Barton. Wadswick Country Store
I greatly value the prompt, personalised service.

M. Fulford
Old Mill has charm, integrity, professionalism and great service.

J. T. Harrison
Old Mill's personal approach and the willingness to explain details in lay terms has been invaluable.

M. E. Mellor
"I enjoy Old Mill's helpfulness, honesty and integrity."

R. Sheard
"The Old Mill staff are friendly efficient and discreet."

G. Nicholls
"Old Mill give specialist advice, form long term relationships and are completely professional."

A. Wood
"Old Mill provide a high level of personal service and competence."

T. Greenhill
"All the team are so friendly and I have complete confidence that the team understand my requirements and have a watchful eye over my finances."

N. Moass
"I appreciate Old Mill's honest, considered and tailored advice."

R. Garvey
"Old Mill has the personal touch. They take the pressure off by handling our investments for us. With everything under one roof our investments are easier to track."

"A straight forward and honest approach to managing our money."

D. Hodgson
"I have peace of mind that our investments are well looked after."

“Old Mill have been very helpful with the future planning of our family business, ready for generations to come.”

Tim Barton. Wadswick Country Store
"Old Mill’s Xero specialist, Jude Bennett was phenomenal in helping us through this and was always readily available and accessible… she’s been unbelievable."

Emily Davies. Dorset Blue Vinny
"What attracted us to Old Mill was their rural and food credentials; they are known in the agricultural space across the West Country and they have genuine Food & Drink specialists who understand the entire supply chain and we can readily plug into that expertise."

Richard Davies. Dorset Blue Vinny
"The move onto Xero was a massive transition for us as there’s a lot of paperwork generated because of the cheese sales and we needed to set up all the cost centres and systems. We can now pull the right information on a monthly basis to provide us with much better insights to be able to run the business."

Emily Davies. Dorset Blue Vinny
 
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