HMRC-registered accountants serving Paignton and Torquay TQ3 and TQ4 online. English Riviera seaside hospitality, holiday let owners, marina-related businesses, retailers and the diverse SME community on the south Devon coast. Fixed fees, real people on the phone.
Paignton and Torquay form the heart of the English Riviera. TQ3 and TQ4 cover Paignton and the southern parts of Torquay including Goodrington, Preston and parts of Cockington, anchored by the long-running seaside resort economy with its substantial summer tourism trade (Torbay is one of the UK's most-visited family-holiday destinations), the substantial Paignton Pier and Goodrington Sands seafront economy, the substantial Torquay Marina supporting marine and lifestyle businesses, the long parade of independent retailers and restaurants along Torbay Road and Paignton's Victoria Street, the Agatha Christie literary heritage supporting some heritage tourism, and a wider TQ community combining strong seasonal tourism trade with year-round residential professional and retired residents.
That seaside economy creates a particular accounting profile. Seaside hospitality businesses need solid VAT treatment and proper cash flow planning around the seasonal patterns. Holiday let owners across the English Riviera need careful handling of the Furnished Holiday Letting regime (which is changing in the next few years). Marina-related businesses need proper handling of capital allowances on specialist equipment. Independent retailers along Torbay Road need solid bookkeeping. Your Tax Help Accountants, HMRC-registered, serves Paignton and Torquay clients online with fixed monthly fees.
💡 As an HMRC-registered agent we deal directly with HMRC on your behalf, so you never have to spend hours on hold or navigate their website yourself.
Full SA100 for self-employed, landlords and individuals. Filed direct to HMRC, same day if urgent.
Complete CIS for contractors and subcontractors. Monthly returns, deduction statements, refund claims.
Year-end statutory accounts, Corporation Tax returns, and director self-assessment. All filed on time.
Rental income reporting, capital gains planning, Making Tax Digital, and allowable expense guidance.
MTD-compliant VAT submissions and ongoing bookkeeping to keep records clean and cash flow transparent.
Monthly payroll processing, RTI submissions to HMRC, and auto-enrolment pension administration.
Client C owns five holiday let properties across Paignton and southern Torquay, marketed primarily to visitors during the English Riviera summer season plus shoulder-period family bookings. When she came to us she had been letting the properties for six years, declaring the income as ordinary property income on her Self-Assessment, and was getting a significant chunk taxed at her higher marginal rate as a result.
We assessed whether the properties qualified as Furnished Holiday Lettings (FHL) under the qualifying conditions. With careful documentation of the availability days and actual letting days, all five properties met the FHL conditions. We restructured the tax treatment to use FHL rules, which gave access to capital allowances on furniture and equipment, potential Business Asset Disposal Relief on eventual sale, and pension contribution eligibility from the income.
Year one outcome: annual tax saving of around £6,400 from the FHL treatment plus capital allowances catch-up. Note: the FHL regime is changing in the next few years, so we monitor and adjust client positions as needed.
No obligation. No jargon. A straightforward conversation about your Paignton or Torquay business, whether you're a holiday let owner, a Torbay Road restaurant or a Marina operator.
Or email us: info@yourtaxhelp.co.uk | yourtaxhelp.co.uk
📅 Free consultation calls available weekdays 1pm to 3pm and 7pm to 8pm. Pick a slot that suits you.
Plain-English reading from our blog, written for people exactly like our clients.