Self Assessment Tax Returns. Accurate. On time. Simple.

Whether you’re an employed individual, self employed sole trader, landlord, partnership or have dividends or capital gain to report we can complete your self assessment tax return.

Let us worry about HMRC for you and ensure you claim all the tax relief you’re entitled to from as little as £12.50 per month.

A Self Assessment Tax Return is included in all of Accounting Wise’s competitively priced packages.

The process of completing your annual self assessment tax return can seem very daunting, and with the new system of penalties for errors, having an accountant submit your return for you can give you peace of mind.

As well as preparing your return Accounting Wise are here to give advice on maximising your allowances and relief, mitigate inheritance tax liabilities and advise on capital gains issues.

What is Self Assessment?

Self Assessment is a system HM Revenue and Customs uses to collect Income Tax.Self Assessment Tax Return

Tax is usually deducted automatically from wages, pensions and savings. Individuals, Sole Traders or Businesses with other income must report it in a Self Assessment Tax Return.

The deadline to submit your self assessment tax return and pay your tax bill for the year is the 31 January.  Unfortunately, not submitting your tax return on time, could result in considerable penalties and interest being accrued by HMRC. This is why it’s so important to put arrangements in place early on to ensure everything is completed on time.

Another huge benefit to being organised with your tax affairs is that you will know how much tax is due in advance with a good amount of time to pay your balance to HMRC.

Self Assessment Tax Return

Self Assessment is a system HM Revenue and Customs uses to collect Income Tax.

Tax is usually deducted automatically from wages, pensions and savings. Individuals, Sole Traders or Businesses with other income must report it in a Self Assessment Tax Return.

The deadline to submit your self assessment tax return and pay your tax bill for the year is the 31 January.  Unfortunately, not submitting your tax return on time, could result in considerable penalties and interest being accrued by HMRC. This is why it’s so important to put arrangements in place early on to ensure everything is completed on time.

Another huge benefit to being organised with your tax affairs is that you will know how much tax is due in advance with a good amount of time to pay your balance to HMRC.

Benefits of using Accounting Wise to complete your self assessment tax return

Tax can be a very complex subject, so unless your tax affairs are very straight forward it is almost always better to seek advice from a professional than attempt to complete your own self assessment tax return.

Some of the benefits of using Accounting Wise to handle your tax affairs are:

Peace of mind

By using professionals you know that your tax calculations will be correct and accurate.

Investigations

You are less likely to be investigated by HMRC if you use an advisor, as HMRC have ways of knowing if figures submitted on a return are likely to be incorrect. This is a common trigger for a tax investigation.

Save time

In most cases it will take you a lot longer to complete your own self assessment tax return than it would for an advisor. This time could be better spent running your business.

Claiming everything you’re entitled to claim

It is a very rare occasion that we take on a new client and are not able to find areas to reduce the tax owed. This is usually in the form of under declared expenses. Most business owners are not aware of all the different types of expenditure that can be claimed and how best to claim them, which is where we come in.

Our Accreditations

You can feel safe in the knowledge that we are experts in our field.

Our online accountants have a range of qualifications from the Association of Accounting Technicians (AAT), Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in England and Wales (ICAEW). We are also an Institute of Certified Practising Accountants (ICPA) accredited firm, and a HMRC registered Agent.

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ICPA
AAT