Self-Assessment Tax Return Services
Maximise your income. Since offering a professional service in self-assessment accountancy, we calculate the overall figure and complete your return with little bother or rush.
Mining and filing the DA with the HMRC on time as when due.
Self assessment tax return accountant in Bury St Edmunds
Self assessment tax returns in bury st edmunds

Professional tax advice

We don’t simply complete your self-assessment tax returns, instead, our friendly and competent accountants will give the required information on how to reduce your tax bill. This is because, as stated before, our company is not a simple calculator for your business needs but is a company that aims at giving back value.

Our priorities ensure that the clients are aware of their taxes and their general financial status so as to facilitate the best decisions regarding operations and investments.

Dedicated accountant

You will always have someone available based in the UK who can take time to explain any tax terms transparency where necessary and is responsible for managing all your taxes.

We will act on your behalf as your tax agents with HMRC in as much as complete service that entails dealing with the HMRC concerning the tax issues on your behalf, while you just sit back and leave your tax matters to us.

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Tax return service

  • To assist you provide all the necessary details you require a checklist of a Tax Return.
  • The information you provide to us is then used by us to work on your Personal Tax Return.
  • In order that you avoid penalties and interest on the account, we determine your tax bills and the payments on the account.
  • Here we will suggest several possibilities for claim and for electing in order to minimize your taxes with the exception of tax credits. If you wish, we will provide the HM Revenue & Customs required claims and elections (“HMRC”).
  • Once we have your written consent to proceed, we will proceed to file your Personal Tax Return to HMRC.
  • Our preparation method is to submit your tax return online because it will alert you when HMRC downloaded your tax return form and also whether you are eligible for a refund, you will be able to get it much sooner.
  • This will help us verify the tax liabilities and file for repayment of taxes if and when you have been overcharged by HMRC.
  • We will require the details of your bank accounts to electronically transfer any refund that has to be made to you.
  • It shall be our responsibility to handle all correspondences regarding your Tax Return either from HMRC or any other party that may have copied or forwarded them to you.

Self-Assessment Tax Filing

A self-employed Tax Return or Personal Tax Return is the general form where people can state the amount of annual income they earned or gains/Profits they earned on the capital assets.

There are some tax types, for instance, in Pay As You Earn (PAYE) the amount of the tax is collected at the source, meaning that employees’ taxes are deducted from their wages before they are paid or banks tax the interest on the savings account when paying the interest. However, income is not taxed at source in other cases like rental income, business for own account, or gain on the sale of an asset where the asset has increased in value (as an example, buy to let property). It must be declared and any extra taxes paid then the product is sold out from the shackles of those taxes.

Although the list is not exhaustive the following reasons can be given when preparing a tax return for example, an individual may want to complete a tax return in order to claim any overpaid taxes for instance a wrong tax code has been input by your employer.

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Our friendly and dedicated team are here to answer any tax or accounting questions you may have.
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Frequently Asked Questions

First of all, you have to pay the flat rate tributes online to the HMRC using your Government Gateway account. It is advisable to do so after the commencement of earnings and receiving USA income which attracts taxes.
General details required include personal identification details, other sources of income, income details, expenses, pensions, and benefits. Depending on the circumstances, you may also need to submit some data about capital gains or income from foreign sources.
Definitely, an amended tax return can be filed with the HMRC in the same tax year before the due date for filing an amended tax return. In normal circumstances, you have until 12 months from the due date of the relevant tax return for the tax year to file the amendment, for example, the amendment for the tax year from 2022/23 can be done until 31/01/2025.
They indicate that there are several ways of paying your tax bill through either online banking, credit or debit card payment, direct debit payment or cheque. These issues are stated in Section 5. 23 of the ‘Aggressive tax planning: A Q+A guide’ created by HMRC, where the organization explains payment options.
Indeed, there exists a possibility to deduct reasonable and necessary expenses that are related to the business to the extent of one’s taxable income. Such costs include rent for office space, fare to and from meetings or other relevant expenses as well as fees for professionals such as lawyers among others. However, the expenses can only be for business services and these have to be proven to be essential to your business.
You should retain all the documentation supporting your income, expenditure, bank statements, invoices, receipts, etc for at least 5 years after the self-assessment due dates.