CHARTERED
ACCOUNTANTS & TAX
ADVISORS
IN LONDON
The firm of Chartered Accountants in
London offering all accounting and tax
advisory services to small business.
Self Assessment Tax Return Services in London
Our qualified Self Assessment Expert in London supports our clients in providing the right tax advice and minimize the tax liability wherever possible in tax calculations. We guide and support you in;
- Registering you for self assessment
- Provide you tax planning advice to save money
- Submitting your tax returns to HMRC
- Dealing with your tax enquiries
- Guiding you for your residence Vs Domicile status for self assessment purpose
- Helping you in claiming all the capital gain tax reliefs
Self Assessment is a system HMRC uses to collect Income Tax. Employees have their taxes deducted on a monthly basis however an individual may have other sources of income which will need to be declared through a Personal Tax Return as the income as not been taxed on. Our Self Assessment Tax Return Services In London are extremely popular among our clients.
What is Self Assessment
Self Assessment is a system HMRC uses to collect Income Tax. Employees have their taxes deducted on a monthly basis however an individual may have other sources of income which will need to be declared through a Personal Tax Return as the income as not been taxed on.
What is a tax year?
Tax Year is the period covered by a taxpayer’s annual return. The UK tax year commences from the 6th of April to the following 5th of April following year. The deadline to submit your tax return is 31st January following the tax year.
Who needs to submit a tax return?
If you meet the following criteria, you will be required to submit a tax return.
- Sole trader
- Partner in a business partnership
- Earn over £100,000 via PAYE
- Landlord having rental income
- You earn interest on your savings
- You earn gains from selling assets
- Your partners’ and your income was over £50,000 and claimed Child Benefit
- Untaxed income such as foreign income, dividends, commissions etc
Alternatively you can use the HMRC tool on the following link www.gov.uk/check-if-you-need-tax-return.
Who needs to submit a tax return?
If you meet the following criteria, you will be required to submit a tax return.
- Sole trader
- Partner in a business partnership
- Earn over £100,000 via PAYE
- Landlord having rental income
- You earn interest on your savings
- You earn gains from selling assets
- Your partners’ and your income was over £50,000 and claimed Child Benefit
- Untaxed income such as foreign income, dividends, commissions etc
Alternatively you can use the HMRC tool on the following link www.gov.uk/check-if-you-need-tax-return.
Can you register myself for self assessment?
Sure! Depending on your package we will complete your registration free of charge.
Our hands-on approach means you can avoid the lengthy process and just wait for your UTR to come in the post.
Can I amend a tax return?
Yes, we can! You can rectify errors however if you miss the deadline to amend your return you’ll need to write to HMRC. Our profoundly skilled team will deal with the entire process, by drafting the letter to HMRC on your behalf and guide you every step of the way.
Penalties for late filing of Tax Return
Further penalties to chart on right hand side may apply if HMRC believes there has deliberate and concealed of information.
With our qualified and skilled team of accountants you won’t need to worry about penalties. We ensure a timely submission!
Penalties for late filing of Tax Return
Further penalties to chart on right hand side may apply if HMRC believes there has deliberate and concealed of information.
With our qualified and skilled team of accountants you won’t need to worry about penalties. We ensure a timely submission!
How you can keep on top of your bookkeeping?
We will provide you with full access to our software, depending on your package. This will allow you to track your business mileage, send invoices, storing receipts via picture and manage your own income and expenses. You will be able to view your monthly profits and ensure your business is on the right track.
Our team are fully qualified chartered accountants with countless years of experience. Contact us now to see how we can assist you.
Our Prices
Sole traders / Landlords
From
25/month
- Free Registration
- Dedicated Account Manager
- Tax Planning throughout the year
- Bookkeeping Service
- Tax return to HMRC
- Unlimited face to face meetings
Contractors
From
69/month
- Freecompany formation
- Dedicted Account Manager
- Tax Planning throughout the year
- Bookkeeping Service
- Monthly Payroll & Submission of RTI
- Filling Account to Companies House
- Tax return (CT 600) to HMRC
- Unlimited face to face meetings
- Access to Software to raise invoices
Business
From
79/month
- Freecompany formation
- Dedicted Account Manager
- Tax Planning throughout the year
- Bookkeeping Service
- Monthly Payroll & Submission of RTI
- Filling Account to Companies House
- Tax return (CT 600) to HMRC
- Unlimited face to face meetings
- Access to Software to raise invoices