Self Assessment Tax Returns
Sole Traders,
Partnerships
or Landlords
Recipients of Personal Savings Interest or Personal Pensions
Company Directors needing to declare personal income
Once we are registered with HMRC to act on your behalf as your agent, we can prepare and submit your annual self-assessment tax returns.
We can help you with your tax return if…
- you run a business trading as a Sole Trader, Partnership or Landlord – if you are a Sole Trader or Landlord and your turnover is over £50,000, please see our MTD for ITSA page. Partnerships are unaffected at this present time.
- you are an individual who receives income from personal savings interest or from a personal pension (click the link for more information about when you must file a self-assessment tax return for personal savings income)
- you are a director of a company who needs to declare their personal income
Working with us
You will be offered an initial phone call with our accountant, who will run through your circumstances and discuss which services are appropriate for you.
Our ‘proposal’ of services and fees will be emailed to you for review of our Letter of Engagement, which also acts as our standard terms and conditions. Should you wish to work with us you will be required to digitally sign the documentation and create an account in our client portal.
Self-Assessment Tax Returns must be submitted to HMRC annually by 31st January, for the previous tax year. Each tax year runs from 6th April to 5th April.
We prepare your self-assessment tax return together with any supplementary pages required from the information you provide to us.
We have a handy ‘self-assessment checklist’ for you to fill in to establish all the little bits of information that we require to get the full picture of your annual income and expenses.
After we’ve sent the draft tax return to you for approval, we digitally submit it to HMRC, on your behalf. We would have calculated your income tax, (and if applicable, your high-income child benefit charge, national insurance contributions (NIC) and advise you how much tax you need to pay and when by.
We will advise on the interest and penalty implications if tax or NIC is paid late. We will also check HMRC’s calculation of your tax and NIC liabilities, and initiate repayment claims if tax or NIC have been overpaid.
Our self-assessment services are packaged to ensure that our clients are getting exactly what they need, including ongoing consultations and advice, a secure, GDPR compliant, client portal and value for money without any hidden charges.
Should you not be registered with HMRC yet and do not have your Personal UTR details, we’d be happy to provide a Self-Assessment Registration service for you, which can be added to your proposal.
Making Tax Digital for Income Tax Self Assessment is now live. Please contact us if you are unsure how this affects your personal circumstances.
