Self Assessment

They call it ‘self-assessment’ but many taxpayers struggle to understand the complex tax return process and so need professional help with their personal income tax returns. Otherwise, they risk filing late, paying too much tax, or paying too little.

The constant stream of changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.

Most years, around a million taxpayers receive £100 penalties for failing to submit their returns on time and many incur further penalties because their returns are still outstanding months later. For some, that delay is a symptom of the process being simply overwhelming – especially when so much energy is already being spent on running a business.

We can save you a lot of time, worry, and money by handling your self-assessment tax return for you. We will run all the necessary computations, complete your return and even offer advice on how you can minimise your tax liability while we’re at it.

We can also act as your agent, dealing directly with HMRC on your behalf. And should you be selected for a self-assessment enquiry, we’ll also step in to act for you in any meetings.

Our self-assessment service includes…
 

  • Processing of your tax records
  • Tax calculations
  • Claims for reliefs and allowances
  • Completion of self-assessment forms
  • Submission to HMRC
  • Processing of HMRC queries
  • Management of any tax refund

> Personal tax planning

The tax regime is getting more complex with more emphasis on taxpayers' individual responsibility. Proper planning can reduce your tax liabilities and help manage your money.

> Self assessment

They call it ‘self-assessment’ but many taxpayers struggle to understand the complex tax return process and so risk filing late, paying too much tax, or paying too little. Let us handle this for you and get it right.

> Estate planning

Few of us like to think about dying but, equally, few of us could live with the thought that we’ve failed to make adequate provision for the family and friends who survive us. That’s why planning matters.

> Retirement strategies

Everyone hopes to maintain the same standard of living in retirement as they enjoy while working, but to achieve that you need to start planning sooner rather than later.

> Trusts and executorships

Trusts are a relatively easy and tax efficient way to set aside assets for future beneficiaries, outside of the inheritance tax net that can so easily reduce the amount passed on.

> Forensic accounting and litigation support

At some point you will find yourself involved in a legal dispute over money. We can help establish the facts and advise during proceedings.

> Wealth management

We offer a wide range of financial planning advice covering investments, ISAs, pensions, retirement planning and strategic tax planning.

> VAT

Value added tax (VAT) is one of the most complex and onerous tax regimes imposed on business – so complex that many businesses inadvertently overpay or underpay.

Contact us

We offer free initial consultations to potential clients – call us today.
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