Self-assessment
Accountants for self-assessment tax returns
As a self-employed business owner, you’ll have a vast amount of paperwork to keep on top of. Your tax return is one of the most important tasks: as accountants for self-assessment, we can help.
Your annual reports
Every year you have to collate all of the income and expenses incurred by your business and organise a clear and accurate tax return for HMRC. But when you have so many other things to monitor, your self-assessment can easily fall by the wayside.
It’s your duty to report your taxable income as well as your National Insurance contributions (NICs) and unsurprisingly, mistakes can happen. As you’ll be spread thin, it can be hard to find the time to accuracy-check your returns, so you may miss even the smallest of errors. To avoid this, why not talk to us about our services? As accountants for self-assessment tax returns, we know what HMRC needs from you.
Once we’ve got an understanding of your business and its finances, we can go about collecting all the relevant data, compiling it into your self-assessment and finally, sending it off to HMRC.
Avoid unnecessary fines
While it’s admirable to try and take on extensive admin duties for your business, you could suffer from trying to tough it out alone. Missing your deadline can result in an automatic £100 fine, with this figure increasing as time goes on. Not only that, but the slightest mistake can also increase your chances of a fine or worse, prosecution.
It’s our job to make sure that doesn’t happen. We live and breathe compliance. As a team of experienced accountants, we’ve dealt with HMRC more times than we can count.
Claim back, where possible
By making the most of your business’s allowable expenses, as well as any helpful tax reliefs, we could potentially find ways to lower your tax bill, helping you plan your payments accordingly.
If you’re a new sole trader, we can help you register for self-assessment. We’ll also introduce you to the techy stuff, like cloud software that complies with Making Tax Digital. As far as we’re concerned, the future’s already here.
Business owners looking for some respite from their ever-growing to-do list can make the most of our accounting services. If you want to know more about our services as accountants for self-assessment, give us a call or fill out an online contact form.
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