Self Assessment Services
Self Assessment is a system HM Revenue and Customs (HMRC) uses to collect income tax. Tax is most commonly, automatically deducted from wages, pensions and savings however people and businesses with other income must report it in the form of a tax return.
We have the expertise and software to take the hassle out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax positions and the planning opportunities that are available to you. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.
Today, more and more emphasis is being put on taxpayers’ individual responsibilities and everyone who is subject to taxation, should seek professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. We can provide you with year-round advice on all aspects of personal taxation.
Who Needs A Self Assessment
Individuals, business partners, and company directors can all benefit from J&H Accountants’ personal tax return services. Our qualified accountants will review your financial records to gather and organise all the necessary information required to enable us to compute and submit your self-assessment form to HMRC.
You may need to complete a Self Assessment return if any of the following apply…
- you were self-employed as a ‘sole trader’ and earned more than £1,000 (before taking off anything you can claim tax relief on)
- you were a partner in a business partnership
- you earned £100,000 or more
- you received child benefit and have an individual household income over the current threshold
- you are a property landlord
- you have untaxed savings income
Why choose J & H Accountants?
With the ever-changing tax legislation, self-assessment can be a confusing and daunting task, so let us help you manage your self-assessment needs. Our skilled and experienced accountants will take care of your self-assessment tax returns, always ensuring your records are kept up to date, your returns are filed on time and you’re operating in the most tax-efficient way possible, thereby avoiding costly fines and penalties for late filing.
We will advise you on which allowable and tax-deductible expenses you are entitled to claim and will include these when calculating your tax returns, thereby legally minimizing your tax bills. Furthermore, you will have access to expert knowledge whenever needed, as well as tax planning advice.
Using simple terminology, we will explain your obligations, filing requirements, what we need from you and how we work. We will help you to understand the numbers and will always be on hand to support you and to help with any queries you may have.
Individuals and businesses choose us because we are regulated by our professional body the ACCA and have a professional requirement to keep up to date with the latest changes in regulations and legislation that will affect you and your business.
Why Choose Us?
Timely Preparation of Returns
We will ensure your Self Assessment tax return is completed accurately and by the required deadline.
Tax Liabilities Reduced
We will advise you on which allowable and tax-deductible expenses you are entitled to claim and will include these when calculating your tax returns, thereby legally minimizing your tax bills.
Liaise With HMRC Whenever Necessary
We’ll file your tax returns online with HMRC and liaise with them on your behalf if need be.
Completing your Self Assessment Tax return
A reminder will be sent to you
When your tax return is due, we will notify you and compile all the relevant documentation needed, to process and compute your return.
Your Self Assessment return is completed by us
Our accountants will carry out a detailed review of expenditure to claim the optimal amount of allowances and reliefs available. Once completed, your return will be double-checked to ensure accuracy.
We file your personal tax return for you
Once you have reviewed your tax return and given your signature of approval, we will submit to HMRC and liaise with HMRC if need be. It’s that simple!
J & H Accountants
Need More Information?
Contact Us Today
We will guide you through your Self Assessment Tax return from start to finish and provide you with all the practical advice and support you need.