Higher earners, the self-employed and some contractors must by law complete a self-assessment tax return every year. It is vital that this is completed accurately and submitted before the deadline. We can keep on top of all the important dates for you and ensure that your return is always completed on time.
A Cost-Effective Service
Employing an accountant might not be as expensive as you first imagine and the time savings can be considerable. We provide a fixed-fee service, so you will know exactly what it is going to cost before you commit. This allows you to concentrate on running the business while we do all the calculations and submissions. There are penalties for late or inaccurate submissions, so we ensure that all our clients' returns are submitted on time.
Reduce the Workload
The date for online submissions is the 31st of January following the end of the tax year. This can become a stressful period for tax payers, whether it is the first time you are completing a return or you have done so before. Many people still leave everything until the last minute and face considerable pressure over the Christmas and New Year period to gather together all the required information. We can take this pressure away by completing all the documents for you and providing you with the payment details and dates.
Understand the Process
The UK tax system can appear extremely complicated. If you are not familiar with the accounting process, the system of self-assessment is not always straightforward. We work with finances and taxes every day and understand the process and exactly what HMRC requires. Our team of experts can help you with all the technical aspects of self-assessment and any areas you need to be aware of.
Limit Your Liabilities
There is an automatic £100 fine for not filing your tax return on time. These charges can escalate until you have paid any tax you owe. By not completing your self-assessment return on time, there is also the increased risk that you will be the subject of an investigation. We can limit the chances of this occurring by submitting all the required documents before the deadline.
Tax Planning
Everyone has to pay their taxes, but we do not want to have to pay more than we need to. There are legitimate ways of reducing your lax liabilities and we can inform you of exactly what you are entitled to and what costs are eligible for tax relief. By being proactive in your tax planning, you will know exactly how much you need to pay and won't face any surprises at the end of the year.
A Personal Service
We are proud of our approach to accountancy and make sure that we look after all our customers. Our team can take care of all your tax details and work closely with HMRC to take away the pressure. We provide a professional and transparent service and our clients have a great deal of trust in the work we do. All you have to do is send us all the details we need to complete your tax return and we will do everything else. We can tell you what expenses are eligible for tax relief and ensure you don't fall outside the rules.
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