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Self Assessment Tax

Your Challenge

Our Solution

Registration

You are required to register with HMRC for self assessment if you, among other things:

  • Are self employed
  • Are a director or trustee
  • Have income exceeding a certain limit
  • Receive child benefit and have income exceeding a certain limit
  • Have savings, investment or property income exceeding certain limits

Registration

We assist you with the registration process

Tasks

You are required to:

  • Prepare financial statements showing the results of your business trading in sufficient detail to enable the preparation of a tax return

Tasks

 

  • We prepare these financial statements for you from your records and from explanations provided by you
  • Submit a self assessment tax return annually
  • We prepare your self assessment and, after approval by you, submit this on your behalf to HMRC
  • Pay to HMRC both your self assessed taxation and payments on account on or before specified due dates
  • We tell you, in good time, what to pay to HMRC and when

Issues

You are faced with issues such as:

  • A variety of tax rates
  • Tax allowances
  • Whether or not to form a company for your business operations

Issues

We advise you on these and other issues with a view to maximising tax efficiency

Penalties

You will want to avoid penalties for late returns and payments

Penalties

We help you comply with the rules and thus avoid penalties, saving you both money and time

Contact Us About Self Assessment Tax

 

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