Self-assessment
Efficient accountants for self assessment
Navigating the self-assessment tax process can be confusing and stressful, especially with the risk of making costly mistakes. Our expert accountants for self assessment are here to help you file your return accurately and on time, ensuring you meet all HMRC requirements. Whether you’re self-employed, a landlord, or have additional income, we make the process simple and stress-free.
Wondering, “Do I need to do self assessment?” If you receive income outside of PAYE, such as freelance work, rental income, or dividends, then yes, you are required to file a self-assessment tax return. Our team can determine if you need to file, ensuring that nothing is overlooked. From calculating your tax liability to completing your return, we take care of everything.
Do I need an accountant for self assessment? While it’s possible to file on your own, working with an accountant can save you time and help you avoid costly errors. Our team ensures you stay compliant and avoid self assessment late payment penalties, which can quickly add up. Let us manage the deadlines and details, so you can focus on running your business.
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Need to know more? Read our FAQs
Do I need to do self assessment if I’m employed?
If you’re only earning income through PAYE, you may not need to do self assessment. However, if you have additional income such as rental, freelance, or investment earnings, you will likely need to file a self-assessment tax return to report and pay taxes on this income.
How can accountants for self assessment help me?
Our accountants for self assessment handle everything from determining your tax liability to completing your tax return accurately and on time. We ensure you remain compliant, avoid errors, and help you maximise any allowable deductions, which can save you money and stress in the long run.
Do I need an accountant for self assessment, or can I do it myself?
While you can complete a self-assessment on your own, hiring an accountant ensures accuracy, reduces your risk of errors, and can help you avoid penalties. Working with an accountant also provides valuable advice on tax-saving strategies and compliance with HMRC regulations.
What are the self assessment late payment penalties?
If you miss the self assessment tax payment deadline, HMRC imposes penalties. These start at £100 and increase over time, with additional penalties for prolonged delays. Hiring an accountant can help ensure you avoid these penalties by submitting on time and keeping your tax affairs up to date.
How do I know if I need to file a self assessment tax return?
You need to file a self assessment tax return if you receive income outside of PAYE, such as freelance work, rental income, or dividends. Our team can help determine if you’re required to file and ensure your return is completed correctly and submitted on time.
What happens if I submit my self assessment tax return late?
Late submission of your self assessment tax return can result in penalties from HMRC, starting at £100 for returns that are one day late and increasing if the delay continues. We help manage your deadlines and submissions to avoid penalties and ensure you remain compliant with all tax obligations.
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