HMRC-registered accountants serving Truro Cornwall TR1 online. Cathedral-city retailers, Cornwall county town professionals, holiday let owners, tourism businesses and the diverse SME community in Cornwall's principal city. Fixed fees, real people on the phone.
Truro is Cornwall's county town and only city. TR1 covers Truro itself plus Kenwyn, Highertown and parts of Threemilestone, anchored by the substantial year-round tourism around Truro Cathedral, the long parade of independent retailers along Lemon Street, Boscawen Street and King Street, the substantial Lemon Quay open-air retail area and the Pannier Market, the substantial Cornwall Council civic presence at New County Hall driving a major public sector and professional services economy, the long-running Royal Cornwall Hospital presence supporting a substantial NHS and medical professional community, the substantial Cornwall holiday-let economy across the county that many Truro-based landlords participate in, and a wider TR1 community combining Cornish cultural heritage with strong year-round professional residents.
That mix creates a particular accounting profile. Cornwall holiday let owners need careful handling of the Furnished Holiday Letting regime (which is changing in the next few years and matters enormously to Cornwall's holiday economy). Tourism-dependent businesses need cash flow forecasting around the heavy seasonal pattern. Cornwall Council and NHS contractors working through Limited Companies need IR35-aware structures (public sector clients have been operating the off-payroll rules since 2017). Independent retailers along Lemon Street need solid bookkeeping. Your Tax Help Accountants, HMRC-registered, serves Truro 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 H owns six holiday let properties across Cornwall (some near Truro, some on the north coast at Padstow, some on the south coast at Falmouth), managed from his base in Truro. When he came to us he had been letting the properties for several years, declaring the income as ordinary property income on his Self-Assessment, and was getting a significant chunk taxed at his 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 six 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. We also worked through the proposed FHL regime changes due in the next few years so the position is set up for the transition.
Year one outcome: annual tax saving of around £8,200 from the FHL treatment plus capital allowances catch-up, and a portfolio position that's now actively planned for the upcoming FHL regime changes rather than something that might come as a surprise.
No obligation. No jargon. A straightforward conversation about your Truro or wider Cornwall business, whether you're a holiday let owner, a Lemon Street retailer or a Cornwall Council contractor.
Or email us: info@yourtaxhelp.co.uk | yourtaxhelp.co.uk
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