There are many reasons why more and more people in the UK are now required to complete self assessment tax returns. The UK tax system is onerous and complicated and HMRC will often issue penalties and interest on what can quite often be innocent mistakes. The number of tax investigations is continually rising and can place a great deal of stress on an individual. It is now more important than ever to get an expert to prepare your tax return.
We can save you a lot of time, worry, and money by handling your self-assessment tax return for you. We will do all the necessary computations, complete your return and always offer advice on how you can minimise your tax liability.
We can act as your agent, dealing directly with the HMRC on your behalf and should you be selected for a self-assessment enquiry we will act for you at any meetings.
We guarantee that all of the work produced by our qualified accountants and book-keepers will be compliant and always on time.
We offer competitive fixed fees, always agreed in advance. Our fully inclusive packages offer great added value, allowing you to fully take advantage of our expertise.
We encourage as much contact with our clients as possible as the more we learn , the more we are able to assist you in developing and growing your business.
You may be required to complete a tax return if your income is above £100k, with various sources of income. There is a chance that you will have an additional liability with HMRC. This will be due to insufficient tax being deducted at the higher or additional rate of tax.
If you receive the state pension with varying other sources of income and it pushes you over the adjusted personal allowance threshold then you will be liable to complete a Self-Assessment return. This is due to not enough tax being deducted at source and HMRC’s system not being comprehensive enough to track everything.
The government’s new High income Child Benefit charge has also thrown 100,000’s of parents into self-assessment to see whether they will owe part of or the entire Child Benefit received back to the government.