Have you told the taxman you are trading….
Our services include the following:
- Self Assessment registration
- Preparation and submission of tax return
- Tax compliance
- Tax Investigations Services
Self Assessment registration
Do you fall under the tax rules for Self Assessment….
Self Assessment applies mainly to non-incorporated business – individuals who have set up their business as sole traders or partnerships but can also apply to owners and employees of companies.
Preparation and submission of tax return
Filing out a Self Assessment tax form can be not only be a daunting process but can result in a costly process if not filed in correctly and not submitted in time. The tax return form has a number of accompanying schedules. As part of our service we can:
- Help you prepare the Self Assessment return
- Calculate the amount of tax you have to pay or are eligible for a refund
- Submit the tax return form on your behalf
Failure to submit a tax return can result in considerable penalties and interest charges being incurred by you. Self Assessment has also led to more emphasis being placed on the ability to justify the figures included in the business accounts section of the Self Assessment Tax Return.
You can face a fine of up to £3,000 if your accounting records are considered to be ‘inadequate’.