Services for Individuals

Self Assessment affects millions of people across the UK – from self-employed individuals and landlords to company directors and those with multiple income sources.

Your Self Assessment doesn't have to be a stressful annual burden. With the right support and expert guidance, we can make sure your tax return is accurate and on time. We genuinely care about understanding what makes your situation unique, so we can offer friendly, practical advice that takes the stress out of Self Assessment and keeps you on top of things all year round.

Starting April 2026, HMRC will begin rolling out Making Tax Digital (MTD) for income tax purposes. Self-employed individuals earning more than £20,000 annually will need to submit quarterly returns through approved software by April 2028.

At Redwood Accounting, we're here to guide you through the MTD registration process, handle your quarterly submissions, and provide support whenever you need it.

Keeping accurate financial records is key for any business so you can review it's performance and ensuring you're as tax-efficient as possible. Well-maintained accounts help you claim all legitimate expenses and provide valuable insights into your profitability.

At Redwood Accounting, we understand that managing your books can be time-consuming when you're focused on growing your business. We're here to handle everything from organizing your financial records to preparing your annual accounts and helping you understand the figures.

While your year end accounts show your year end position ready for tax, management accounts are all about giving you the real-time insights to run your business effectively. These detailed monthly or quarterly reports break down your income, expenses, or cash flow in a way that helps you spot opportunities, identify problems early, and make strategic decisions based on current performance rather than year-old data.

At Redwood Accounting, we prepare management accounts that go beyond basic compliance. We'll show you which parts of your business are most profitable, track your key performance indicators, and provide clear forecasts to help you plan ahead. Think of them as your business dashboard - showing you exactly where you are now and helping you navigate where you want to go next.

Bookkeeping is the foundation that everything else builds on - it's about capturing every transaction, categorizing expenses correctly, and keeping your financial records organized and up-to-date. Without accurate day-to-day bookkeeping, your accounts become a scramble at year-end, and you lose the ability to track your business performance as it happens.

At Redwood Accounting, our bookkeeping service takes care of all the detailed work - from reconciling your bank statements and processing invoices to tracking expenses and managing your VAT records. We'll keep everything current and organized, so you always know where your business stands financially and can make decisions based on accurate, real-time information.

VAT compliance is a complex, ever changing tax with numerous rules, exceptions and nuances to navigate. Whether you’re using the flat rate, standard, annual or cash accounting scheme, mistakes can be costly; from penalties for late filing to missing out on recoverable VAT that impacts your cash flow.

At Redwood Accounting, our VAT service covers everything from initial registration and choosing the right scheme for your business, to preparing accurate returns and handling any HMRC correspondence. We'll make sure you're fully compliant while maximizing your VAT recovery, giving you one less thing to worry about.

As a sole trader, you might not think you need payroll services - but if you pay staff, even adhoc, you may need to be running a payroll. Payroll is more than just calculating wages - you need to handle PAYE, National Insurance contributions, pension auto-enrollment, sick pay, parental leave and more.

At Redwood Accounting, our payroll service takes care of all the complexity. We'll process your monthly or weekly payroll, handle all the HMRC submissions, manage your pension obligations, and provide you with detailed payslips and reports. This means you can focus on running your business while we ensure your employees are paid correctly and on time, every time.

The Construction Industry Scheme (CIS) adds an extra layer of complexity to businesses; you need to understand when deductions apply, manage subcontractor verification, monthly returns, and ensuring you're compliant whether you're the contractor or the subcontractor. Getting it wrong can mean hefty penalties and cash flow issues.

At Redwood Accounting, we can handle all aspects of CIS; from registrations, process monthly returns, handle verification procedures, to send out deduction statements. Whether you're dealing with CIS deductions or making them, we'll keep you compliant and help you understand exactly how the scheme affects your business finances.