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Tax Return

The most common reasons that a 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
  • You’ve lived or worked abroad or aren’t domiciled in the UK


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

At South West Accountancy we  offer comprehensive individual self-Assessment service.

 

This Includes:

 

  • Liaising with your bank, building society, stockbrokers etc. to gather the relevant data for your annual returns
  • Complete your tax return
  • Calculate your tax liability
  • File the return on your behalf
  • Liaise with you on the amounts to be paid and when they are due
  • Advising on appropriate record retention
  • Representing you in the event of your being selected for investigation by HMRC


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 there are any anomalies that need to be addressed before the return is submitted. This process helps to minimise your risk of a HM Revenue & Customs 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 take the worry away when it comes to self-assessment tax returns; allowing you to concentrate on running your business.

tax return

The UK has one of the largest tax codes in the world, so preparing even the most straightforward tax return can be complicated. There are many deadlines and responsibilities for taxpayer to be aware of.