Calculating, completing and filing your own Self Assessment Tax Return via the HMRC Government Gateway platform can be time-consuming, complicated and confusing. If you miss anything you could also lose some tax advantages available. We are a professional firm of Bookkeepers & Accountants providing every statutory requirement for individuals and companies, including Self Assessment Tax Returns. We help our clients throughout the UK to complete their Self Assessment Tax Returns. We have the expertise to take the headache out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax and the planning opportunities available to you. Over recent years HMRC have increased the penalties for failing to file a return on time and for errors. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.
When you may required to file self assessment
- You are working for yourself (as a self-employed) or a partner in a partnership business
- You are a company director
- You have large amounts of savings or investment income
- You have untaxed savings or investment income
- You own land or property that is being let
- Your household receives Child Benefit and you have income in excess of £50,000
- You have income from overseas
- You have sold or given an asset away (such as a holiday home or some shares)
- You receive untaxed income not collected through a PAYE tax code
- You are a Trustee
- You are a Minister of religion
- You claim annual business expenses greater than £2,500
- You have employment income £100,000 or more
- HMRC may also want you to complete a return for other reasons
Self Assessment Services
- Complete annual self assessment services,
- preparation of sole trader annual accounts
- establishing the income tax liability after claiming all available tax reliefs
- Complete your tax return
- Calculate your tax liability
- File the return online
- Liaise with you on the amounts to be paid and when they are due
As part of the above service, we can analyse your self assessment tax return to see if any tax savings can be made and we can also review the form to see if there are any anomalies that need to be addressed before the return is submitted.
This process helps to minimise your risk of a HM Revenue & Customs enquiry into your tax affairs. If you are experiencing cash flow problems, we can explore the possibilities of deferring your tax payments or negotiating a payment plan with HM Revenue & Customs on your behalf.
By giving you a fixed, competitive price, we can take the worry away when it comes to self assessment tax returns; allowing you to concentrate on running your business.