Self Assessment Tax Return
With 10.4 million people filling out a self-assessment in 2019, many people often do not realize that a personal tax return, known as self-assessment, needs to be completed and submitted each year and those who take the task on themselves do not realize that a self-assessment is a personal tax return.
The impact of not filling out a personal tax return could result in fines and penalties. We could help you save hundreds of pounds and avoid a stressful situation.
Completing a self-assessment (individual tax return) is compulsory if you have any additional income.
We offer individuals , Sole Trader, Partnership advice when it comes to self-assessment and look at minimizing tax liability wherever possible in personal income tax, Partnership tax return calculation.
These are ways in which we can help and assist you:
- Advice and support on ‘Notification of chargeable’ (registering for self-assessment)
- Tax planning & computations
- Submission of tax returns online
- Submission of tax refunds/ tax repayment claims wherever applicable
- Dealing with HMRC enquires
- Appeal for waive off penalties and surcharges
- Capital Gain Tax
It is important to note that tax returns must be submitted on time, otherwise the individual/ taxpayer may be liable from penalties, interests and tax surcharges. We ensure that all the tax returns are submitted to HMRC within the deadline.