The UK has one of the largest tax systems 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.† Furthermore, ongoing changes to tax legislation mean that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.† 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).
∑ Youíve lived or worked abroad or arenít domiciled in the UK.
I aim to ease the stress often caused by self assessment and help you avoid costly mistakes, by offering a comprehensive self assessment service.† I can relieve you of the self assessment burden and save you time, worry, and money by handling this process for you.
At Rachel White Accountancy Services I use HM Revenue & Customs approved software to:
∑ Prepare your self assessment tax return for you to approve
∑ Calculate your tax liability advising you of dates to pay tax
∑ File the return online, we are authorised agents with HMRC
∑ Deal directly with HMRC on your behalf
If you run a partnership then I can also prepare and file Partnership tax returns (SA800), as well as prepare and file each partnerís own individual self assessment tax returns.