The most common reasons that a self-assessment 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)

• You’ve lived or worked abroad or aren’t domiciled in the UK

​

The staff at HMRC are not tasked to advise you on how to organise your affairs and minimize your tax. Therefore, if you want to make sure you are paying the right amount of tax, you should consult a professional.

​

At TaxGenius Accountants we use HMRC approved software to:

• Complete your tax return

• Calculate your tax liability

• File the return online

• Liaise with you on the amounts to be paid

• Give you advanced notice of when payments are due

​

As part of the above service, we can analyse your self-assessment tax return to see if any tax savings can be made and we can also review the form to see if any anomalies need to be addressed before the return is submitted. This process helps to minimize your risk of an HMRC enquiry into your tax affairs.

 

If you are experiencing cash flow problems, we can explore the possibilities of deferring your tax payments or negotiating a payment plan with HM Revenue & Customs on your behalf.

​

By giving you a fixed, competitive price, we can leave you with one less thing to worry about; allowing you to concentrate on running your business.

​

For further information on our Self Assessment Tax Return services please don’t hesitate to call us on: 0800 020 9513 or visit the Contact Us page for additional contact methods.

​