If you are required by law to submit a Self Assessment tax return there are a number of deadlines to adhere to. We help you make sure you hit them – in good time, every time. A review of your business by our accountants and tax specialists gives us sight of any tax planning opportunities. And our fixed fee structure means that you know exactly what you are paying.
Removing the Fear Factor
A taxpayer will normally be required to file their tax return by 31 January following the end of the previous fiscal year. We take the strain and the pain out of the process. You can be confident in the knowledge that our specialists will complete all the documentation for you and give you a correct schedule of payment dates.
We Know the Form
Lets face it, the annual self-assessment return is still a complex document for the non accountant to complete. And some of the technical definitions and convoluted calculations required can be intimidating. We take the burden away from you, so you can concentrate on running your business.
What We Do For You
We handle the prompt completion of your Self-Assessment tax returns and provide a Personal Tax service. We liaise with the Revenue and Customs on your behalf and deal with all related correspondence and queries. All of our clients have a high level of trust in us to deliver an extremely high level of service. We will manage your affairs with transparency and integrity. View what our clients have to say about us here.
The Tax Return
Under the Self-Assessment rules, business owners are responsible for ensuring that their tax liability is calculated and any tax owed is paid on time. If a completed return is not sent to the Revenue and Customs on time, an automatic penalty of £100 will be imposed along with possible surcharges. Furthermore a late tax return increases the risk of a Revenue and Customs enquiry.
Our experienced tax advisers will advise you on legitimate ways to save tax and calculate your tax bill for you – with no hidden surprises.
What We Need from You
The basic information we need comprises your total income and the cost in terms of allowable expenses to create that income. Not everything your business spends will be accepted as an allowable expense. Corporate hospitality, for example, is excluded. The rules can be complex as what is allowable for one business sector is not allowable for another. We will advise you on all of these subtleties.