Self-Assessment involves completing a tax return each year. You need to record your income and capital gains (profits on the sale of certain assets) and claim, if applicable ,tax allowances or reliefs on your tax return.
As a business owner or director in a limited company, you need to file a tax return by 31st of October (paper copy) or 31st of January (online) to declare your income and expenditure from different sources.
We can help by completing your tax return on time, advising you on a tax liability and deadlines for payments; we will process an online submission by using HMRC approved software .
We can help you with answering your queries on the following:
Who needs to complete tax return?
What are the deadlines to notify HMRC that you started a business?
Understanding your tax calculations.
Understand your self-employment.
How to pay your TAX bill