self assessment services

why you need to  do  a self assessment

More than 11.5 million people in the UK are required to file a self assessment. It is vital to report accurate information to HMRC regarding your individual income to allow for correct calculation of income tax. 
However, self assessments do not always result in a tax liability, sometimes people submit self assessments to reclaim tax overpaid.
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Who needs to file a self assessment?

You will likely need to file a tax return if you:

• Are self-employed
• Are a company director
• Earn over £100,000 a year
• Have savings or investment income of more than £10,000 before tax
• Receive income from abroad
• Are the highest earner in a family claiming child benefit, if you earn over £50,000
• Earned £2,500 or more in untaxed income, e.g. renting out a property​

how we can help your business

Many people find the process of completing a self assessment daunting and rather complicated. We aim to eliminate any worry by preparing and submitting the data to HMRC on your behalf, making the task as smooth running and stress-free as possible.

We pride ourselves in offering a friendly, approachable service suited to you individually. Many people prefer the traditional approach of dropping off any paperwork, others prefer a more digital method. Either is fine with us, we are here to help and make accounting as easy for you as possible.

Dates for the diary

• Paper tax returns: Midnight 31st October
• Online tax returns: Midnight 31st January
• Pay your tax bill: Midnight 31st January
• 2nd payment on account bill: 31st July

​If you are required to make advance payments towards your tax bill (known as ‘payments on account’) you also need to be aware of a second payment deadline on the 31st of July. 

our self assessment services

online paperwork

Utilise the facility to upload your documents through our online client portal or if you prefer, simply drop in your paperwork.

sole trader

Annual preparation of final accounts to calculate income tax and national insurance contributions
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income and expenditure 

​Input of income and expenditure invoices  and receipts
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partnerships

Annual preparation of final accounts to calculate income tax and national insurance contributions for partnerships

Dividends

Dividend declaration

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CAPITAL GAINS

Capital gains calculations

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DROP US A LINE

If you would like to know more about our Self Assessment Services and how we could help your business, please do get in touch.

email

[email protected]
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phone

01539 726815​