SELF-ASSESSMENT
Annual Self Assessment Tax Return
The UK income tax system has undergone considerable transformation
with the introduction of different schemes under the introduction of
Self-Assessment tax. Many people pay far more tax now and it’s easy to
default for lack of knowledge on whether or not you fall under those to file
self assessment tax return. The fines are quite hefty so call us if you’re
unsure.
We ensure accurate recording of all transactions that will impact on your
tax computations and liability on all your sources of income and their
equivalent transaction cost. We explore your allowable expenses with the
relevant HMRC tax manuals as are relevant to specific case/group with the
goal of legally minimising tax payable where possible. We have the best
software, technology available in combination with trained accounting
technicians to ensure our clients not only receive the benefits of our
obsession for accuracy, reliability and speed but also ensure that any tax
payable and refund are correct.
We have responsibility to ensure from our
end that deadlines for Self assessment tax submission are met to avoid late
penalty charges which can run into thousands of pound. The following list is
not an exhaustive list of our Self assessment tax client but just illustrative.
- CIS Self Assessment tax return, Tax Refund computations & submission
- Traders whom our full bookkeeping service might not be suitable for
- Self employed drivers/delivering personnel
- University lecturers
- Nurses/Medical doctors/Clinical Psychologists
- IT workers
- Directors and shareholders
- Parents on child benefit payments whose income is over certain threshold
- Small hair dressers
- Landlords
- Foreign directors and shareholders