SELF ASSESSMENT (INCOME TAX)

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As chartered accountants with many years’ experience helping small businesses, we can;

  • calculate your personal tax liability;

  • make all necessary filings with HMRC;

  • advise on allowable deductions to reduce your tax bill;

  • provide tax payment advice;

  • ensure your returns are 100% compliant with HRMC, and;

  • manage/liaise with HMRC on your behalf

What are the requirements?

​If you are self-employed, you will need to submit a personal tax return (form: SA100) each fiscal year.

HMRC'S SA100

FORM

(download)

WORRIED ABOUT SUBMITTING AN INACCURATE TAX RETURN?

Failure to accurately calculate your income tax or submit an accurate tax return can carry penalties and interest for underpaid tax – these can be levied on individuals who either:

 

1) Submit inaccurate tax returns

2) File their returns late

If you are concerned about getting your tax return

right, then speak with us today.

You can find more information on penalties at the HMRC website, at their penalties section.

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The vast majority of Self-assessment tax returns are filed electronically, for which the deadline is 31 January (c. 10 months following the end of the tax year, on 5 April).

It is important to get your personal tax return right – not least to ensure that you are claiming all relevant deductions, and effectively mitigating your tax liability.

"

Completing your Self-assessment tax return is not just about getting the numbers right…

                

… it is about ensuring adequate tax planning, and considering future tax law changes, to minimise your bill going forward.

"

FILING DEADLINES TIMELINE

c. 7 months after end of tax year

'Paper filing' deadline

            31 October

5 April (end of tax year)

c. 10 months after end of tax year

'Electronic filing' deadline

               31 January

Click here to see a list of information relevant information which you may need to include in your Self Assessment tax return.

Unsure what costs you can deduct

                   in your tax return

?

Want to know how to minimise

                    your tax bill

?

Whatever your needs, get in touch with

us today and we'd be happy to help 

Full Accounting Services starting from

             per month

£69

See our fees page for full details

Call us on 020 3916 5018

Or fill out the below:

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