What we do

Outbooks offers clients tax computation, filing of returns, in addition to assistance in presenting the same to tax authorities.  The number of personal tax returns that have been filed from our end on behalf of our UK accounting clients is impressive to say the least. With sound knowledge of the system and the provisions, we are equipped to offer professional advice and assistance that has helped our clients over the years.

Capabilities

Landlord And Property Income
  • As a landlord, you might not think of yourself as self-employed or a small business owner. HMRC, however, does, and if you’re making money from renting out your properties you’ll need to fill in a Self Assessment tax return. The Self Assessment process can seem rather daunting at first, especially given how many changes to tax are announced every year.

  • We have been dealing with landlord and property tax since 2013.
  • We can keep track of rental income
  • We can claim all allowable expenses on rented property.
  • We can calculate tax on number of properties owned.
  • We can submit tax returns and all necessary schedules.
  • We can deal with revenue department on your clients’ behalf.
Capital Gains
  • Capital gain is an increase in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price. The gain is not realized until the asset is sold. A capital gain may be short-term (one year or less) or long-term (more than one year) and must be claimed on income taxes.
Foreign Income
  • The amount of income earned from a foreign source that is excludable from domestic taxation. The foreign earned income exclusion can only be claimed by those who meet the foreign residence or physical presence tests, who have a tax home in a foreign country, and have foreign income.
 
Dividend Income
  • Distribution of earnings to shareholders that may be in the form of cash, stock, or property. Mutual funddividends are paid out of income, usually on a quarterly basis, from interest generated by a fund's investments. Also known as a dividend distribution.
 
Salary Incomes
  • Income from salary is the income or remuneration received by an individual for services he is rendering or a contract undertaken by him. This clause essentially assimilates the remuneration received by a person for the services provided by him under the contract of employment.
  • This amount of remuneration will be considered as income for the purposes of Income Tax Act only if there is an Employer and employee relationship between the person who is making the payment and the person who is receiving the payment.

All Services Offered

Remote bookkeeping services that keep clients books in perfect order, updated as per agreed/desired turnaround time, without interrupting routine operations.

High calibre, dynamic resources for secretarial duties, to meet statutory requirements, compliance and services of a transactional nature

Timely computation of various types of tax, hassle free filing of returns, and expert assistance in making a fully compliant presentation to tax authorities.

Clutter free, cost efficient, and hassle free submission of year end accounts and CT returns to fully avail legitimate exemptions

Customized payroll to handle complex unique requirements, backed by specialist accounting knowledge for HMRC complaint and BACs approved solutions

KPIs and crisp real time reports to help clients gain an edge over competition, charting a path to steady growth and expansion across domains.