Get Ready For Self Assessment Tax Returns
Do you find the Self-Assessment Tax Return process painful?
Do you find filling in your self-assessment tax return form confusing? Not sure what to put in each box? HMRC explanations aren’t always very clear to you and you end with a million questions.
Do HMRC rules and regulations make you feel overwhelmed and you’re not sure what applies to you and your business?
Do you feel like it’s an inconvenience that repeats every year? You know it has to be done but you feel like you’re wasting your precious time.
Do you get frustrated that every minute you’re spending completing your tax return, you’re losing potential sales?
Do you wish everything could be done online rather than having to go back and forth between offices, signing documents, and answering questions which would save you time and money?
We can help you with all these pain points with our Painless Self-Assessment Process
CONFIDENTIAL PERSONAL SERVICE
Every business is different and each self-assessment tax return is different. We tailor our advice to you and your business industry, making sure you only claim for allowable expenses relevant to you.
All of the information needed is gathered by us and the tax return is completed and submitted to HMRC on your behalf.
COST EFFECTIVE - SAVING TIME AND MONEY
The self-assessment tax return process is completed online and all documents are sent via the cloud. You don’t have to leave your home or office which gives you more time to focus on things that can grow your business. Additionally, you also save time and money on travel.
Knowing your return is in safe hands. Your self-assessment is calculated and submitted by an experienced and qualified bookkeeper who will take all the stress away, leaving you able to relax.
Don't forget to submit your HMRC Self Assessment Tax Return by 31st Jan!
What needs to be done?
Those who are eligible need to submit their tax return online and pay any outstanding tax they owe to HMRC before the deadline.
Who needs to complete a tax return?
Taxpayers are required to complete a tax return if they meet any of the following conditions:
You earned over £2,500 from renting out property
You received over £2,500 in untaxed income e.g. commission
You are self-employed sole traders
You are an employee claiming expenses in excess of £2,500
You have an annual income of over £100,000
You earned income abroad which you need to pay tax on
Either you or your partner received Child Benefit and one of you had an annual income of over £50,000
What if I miss the deadline?
People who fail to submit their return online are liable for an initial penalty of £100 plus further fines dependant on the delay.
If you are unsure about your tax return contact us today!