Self Assessment
Putting together and submitting a self-assessment tax return is complicated. HMRC regularly introduce new rules and change existing ones, so it is hard to keep track. Our team can take the stress out of self-assessment.
Self Assessment
Putting together and submitting a self-assessment tax return is complicated. HMRC regularly introduce new rules and change existing ones, so it is hard to keep track. Our team can take the stress out of self-assessment.
Self Assessment Help
Our team is very proactive and we understand your Self Assessment Tax Return can be a worry. We will contact you at the start of the financial year (6th April) asking you for the information we require. We also remind you about this if we don’t hear from you. Our aim is to complete the paperwork within a specified time, providing we are given the correct information. Then, we can file the return on your behalf on or even before the deadline.
We need the information by 30th November at the latest in order to achieve this. As our personal and bespoke approach suggests, we calculate the tax you are due to pay HMRC. You are provided with a copy of the assessment prior to it being submitted.
Authorising an Agent
Many people find it easier to authorise someone, usually their accountant, to deal with HMRC for you. We can relieve the burden of Self Assessment, and avoid the hassle experienced by many who attempt to do this on their own. We can check your bookkeeping (although we can do this for you, too) so all items are identified correctly and coherently. Another advantage of allowing us to act as your agent means we get all the paperwork with the exception of the tax bills and any refunds you might be entitled to.
Authorising an Agent
Many people find it easier to authorise someone, usually their accountant, to deal with HMRC for you. We can relieve the burden of Self Assessment, and avoid the hassle experienced by many who attempt to do this on their own. We can check your bookkeeping (although we can do this for you, too) so all items are identified correctly and coherently. Another advantage of allowing us to act as your agent means we get all the paperwork with the exception of the tax bills and any refunds you might be entitled to.
Checking your Tax Code and Demands
Thanks to our dedicated team, we can advise where any payments can be reduced and identify any expenses or reliefs you are entitled to claim which can in turn reduce your tax bill.
Personal Information for your Self-Assessment
Important documents required include your P45 if you’ve left a job during the tax year in question. You will also need your P60 from your employment if you have continued employment during the tax year. The P11D, if relevant to your business or work, is also required. If you rent out a property, then a summary of your rental income and expenditure is needed. Other information needed include savings income (ie interest on savings), any pension income and details of any Capital Gains, such as sales of assets including property or shares).
Personal Information for your Self-Assessment
Important documents required include your P45 if you’ve left a job during the tax year in question. You will also need your P60 from your employment if you have continued employment during the tax year. The P11D, if relevant to your business or work, is also required. If you rent out a property, then a summary of your rental income and expenditure is needed. Other information needed include savings income (ie interest on savings), any pension income and details of any Capital Gains, such as sales of assets including property or shares).
How to Appoint Us
If you would like us to act on your behalf with HMRC, let us know. In most cases, as Self Assessment is complex, the knowledge of our team is a huge benefit to the smooth-running of your business and tax affairs. To appoint us as agents, we can help you with this and there is an online authorisation service which we can help with. You can also complete form 64-8 and send it to HMRC: this is something we can do too as part of initial sign-up process.
Avoiding Penalties
The tax return we file on your behalf is uploaded to our safe, online portal.
Avoiding Penalties
The tax return we file on your behalf is uploaded to our safe, online portal.
Got a Question?
If you have any queries or want to know more then please feel free to get in touch
01482 688356
The Temple,
Hesslewood Office Park,
Ferriby Road, Hessle, HU13 0LH