Low-Cost Accountancy Services for Uber, Taxi Drivers and Cabbies
Managing finances as a taxi driver or Uber driver can be challenging, especially with complex tax obligations, fluctuating income, and allowable expenses. Private hire drivers require more than just basic accounting – they need an advisor who understands the financial intricacies of the taxi industry.
Specialised Accounting Services for Low-Cost
Self Assessment Tax Return
Navigating self-assessment tax returns as a taxi driver doesn’t have to be stressful. We handle the entire process, identifying every eligible deduction to reduce tax liability. With our expertise, you can be confident that your tax returns are accurate and on time, allowing you to focus on your driving.
Streamline Payroll & Bookkeeping
Keep your finances organized with friendly & affordable bookkeeping services. We manage day-to-day records, track income and expenses, provide a clear view of your financial status. Your books will always be up-to-date & ready for tax season, ensuring your annual accounts are accurate.
Always On-Time Tax Submissions
Avoid the last-minute stress of tax deadlines with our reliable submission services, designed to help you minimise errors. We ensure that your returns are filed on time, helping to stay compliant with HMRC regulations and focus on what you do best – running your taxi business & pay less!
Accounting Firm for VAT, Tax & Bookkeeping
=> Tax Return for taxi drivers from £199/year
Submitting tax returns as a taxi driver can be straightforward. Our accountants understand taxi company needs. We focus on tax returns for self-employed taxi drivers, sole traders, and limited companies, assisting you in claiming all eligible deductions to enhance your tax savings.
We understand the unique nature of taxi income, from fluctuating fares to industry-specific expenses & invoices, ensuring accurate, timely filings that keep you compliant with HMRC.
Benefits of working with us:
- – Maximized tax reliefs tailored to taxi drivers
- – Timely, accurate filing to avoid end of the tax year penalties
- – In-depth knowledge of self-employment tax rules
- – Efficient handling of profit and loss account
=> Self Assessment for Uber drivers from £149
Self-assessment can be challenging, especially when dealing with fluctuating income and diverse expenses. We manage the entire self-assessment process, optimizing your finances from start to finish and helping you claim capital allowance.
Our team identifies every allowable expense, reduces your tax liability, and submits everything to HMRC on your behalf, so you can stay focused on the road while making pickups and deliveries.
Benefits of working with us:
- – On-time filing to avoid penalties
- – Expert identification of taxi-related expenses
- – Hassle-free communication and submission with HMRC
- – Comprehensive management of income and expenses
=> Bookkeeping for taxi drivers from £299/year
Staying on top of finances is essential, and our bookkeeping services make it easy. We provide tailored solutions to track your income, expenses, and records, keeping everything organized so you can make informed decisions and avoid last-minute stress at tax time.
We utilize the latest technology and software like Xero and Quickbooks to ensure accuracy and efficiency in your business expenses, providing you with real-time access to your financial data for peace of mind knowing your financial affairs are correct.
Benefits of working with us:
- – Tracking of income and expenses using software solutions
- – Simplified, stress-free tax preparation
- – Clear financial insights for better decision-making
- – Organized records to support tax filings
=> Payroll for taxi drivers from £229/year
If you have staff or operate a taxi fleet, our payroll and VAT services ensure timely, compliant payments. We handle everything from PAYE and National Insurance to pension contributions, allowing you to focus on growing your business.
Let us manage your payroll so you can concentrate on delivering exceptional service to your clients. Our experienced team understands the intricacies of the taxi industry and provides tailored solutions to meet your specific needs.
Benefits of working with us:
- – Timely, accurate payroll for all employees
- – Full compliance with UK employment regulations
- – Straightforward payroll management
- – Expert processing of PAYE, NI, and pensions
=> VAT Registration for Uber drivers from £99
If your taxi business has reached the VAT threshold or you want to register for VAT voluntarily, we’ll guide you through VAT registration and filing. We help you choose the right VAT scheme, ensuring compliance while optimizing for tax efficiency.
Navigating the tax and paper records can be daunting, but with our expert guidance, you’ll find the process much more manageable. We will assist you in setting up a systematic approach to maintaining accurate and organized records, ensuring all your transactions are documented.
Benefits of working with us:
- – Expert VAT registration guidance
- – Seamless VAT setup and filing
- – Tax-efficient VAT strategies for taxi businesses
- – Ongoing management of VAT returns and deadlines
Happy Clients Testimonials
Mike has been our dedicated accountant in Manchester for 10 years. Answers any question, super reliable & efficient as well as genuinely friendly payroll service. Highly recommended for tax efficiency to any sole trader.
The bookkeeping services we received are fantastic. We had some issues in the past and needed help as my limited company has grown. Very patient & responsive accountants & client managers. Recommend their services
Mike has done wonders and sorted our bank account, payroll and I wanted to let you know I really appreciate all you’ve done at such short notice. Everything is up to date and I received the best accounting services in Manchester and a client manager.
If you need to grow and need a high level of service, I can strongly recommend using MH Services for accounting needs to subcontractors. Great accountancy, tax planning. All HMRC refunds are taken care of for such a low fee.
Mike has been sorting out my accounts for some years now; his accounting expertise and knowledge of the tourism industry are incredible. Highly recommend for accountancy service registered in England.
I’m a small business owner and have worked with Mike’s tax advisors in central London for many years. He’s been extremely helpful, easy to work with and flexible. Recommended for making tax digital and accounting records.
I’ve been using MHS for a few years now. Helpful and always at the end of the phone for catch-ups. Recommending for sole traders that own business and have various business needs and complex tax.
Mike has been my local London accountant for over 10 years and I have referred many of my friends and colleagues to him. He is an expert accountant for running a small business with reliable services.
High-class taxation assistance with a down-to-earth approach. I’ve always found Mike to be an incredibly knowledgeable, helpful and professional accountant near me for running a business. Would highly recommend him.
FAQs - Accountancy Advice for Taxi Drivers
Do taxi drivers need accountants?
While not mandatory, hiring an accountant for small businesses can be highly beneficial. Our expert accountants help ensure compliance with HMRC regulations, identify allowable expenses, and manage tax returns, potentially saving you time and money.
Do I need an accountant for Uber driver?
Uber drivers and cabbies are considered self-employed, making them responsible for their own tax affairs and managing their finances. An accountant can assist with record-keeping, expense tracking, and tax filings, ensuring accuracy and compliance but overall it’s not mandatory only recommended.
What can I claim back on tax as a taxi driver?
Taxi drivers can claim expenses such as fuel, vehicle maintenance, insurance, licensing fees, and even a portion of mobile phone costs associated with business purposes. Accurate record-keeping is essential to substantiate these claims.
Do I need business account for Uber?
While not legally required, having a separate business bank account is advisable for tax purposes to help you manage your finances. It simplifies tracking income and expenses, making financial management and tax reporting more straightforward.