Self-Assessment Tax Return
The deadline for online tax return and for payment of tax is normally due by January 31st.
Income tax is normally deducted automatically from a person’s wages. Self-assessment is the system used by HMRC to collect tax from businesses and individuals with other means of income, via an online or paper tax return.
S&B Consultancy Services can accurately prepare and file your HMRC self-assessment tax return. Our accounting experience and expertise will help you pay the right amount of tax. No matter how complex or simple your tax affairs, we’ll advise and help you so that you meet your HMRC self-assessment tax deadlines to avoid any unnecessary mistakes and penalties.
You need to submit a Self-Assessment, if you are:
- Director of a limited company.
- Employed and earning more than £100,000.
- Earning more than £50,000 and receiving child benefit.
- Receiving property income.
- Earning an income that hasn’t been taxed.
The earlier you ask us to handle your self-assessment, the less you’ll pay.
Every year thousands of taxpayers leave filing their tax return to the last minute or after the deadline. HMRC’s penalty fee for late filing starts at £100 as soon as your self-assessment is overdue. This soon mounts up so the longer it takes to resolve a late submission, the more you will owe.
If you have overdue tax returns and are in unfortunate difficulties with HMRC over your personal tax affairs we’ll give you the help and advice you need to handle your self-assessment.
Contact us today
We are here to help
For more information on how we can help you and your business call one of our friendly team today.
Call: 020 8004 1449 / 020 8004 1417