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
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.
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.
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.