The UK has the longest tax code in the world, so preparing even the most straightforward tax return can be complicated. There are various deadlines and responsibilities for taxpayers to be aware of.
The most common reasons that a tax return may be required are as follows:
You are self employed or a partner in a partnership
You are a company director
You have large amounts of savings or investment income
You have untaxed savings or investment income
You own land or property that is being let
Your household receives Child Benefit and you have income in excess of £50,000
You have income from overseas
You have sold or given an asset away (such as a holiday home or some shares)
You’ve lived or worked abroad or aren’t domiciled in the UK
The staff at HM Revenue & Customs are not tasked to advise you on how to organise your affairs and minimise your tax. Therefore, if you want to make sure you are paying the right amount of tax, you should consult a professional.
At Hannah Duke Accountants we use HM Revenue & Customs-approved software to:
Complete your tax return
Calculate your tax liability
File the return online
Liaise with you on the amounts to be paid and when they are due
As part of the above service, we can analyse your self assessment tax return to see if any tax savings can be made and we can also review the form to see if there are any anomalies that need to be addressed before the return is submitted.
By giving you a fixed, competitive price, we can take the worry away when it comes to self assessment tax returns; allowing you to concentrate on running your business.
