Do I need an accountant for a self assessment tax return?
While it is possible to complete a self assessment tax return yourself, many individuals and landlords choose to use an accountant to ensure the return is accurate and that all allowable expenses and reliefs are claimed.
When is the self assessment deadline in the UK?
The deadline for submitting an online self assessment tax return is 31 January following the end of the tax year. Any tax owed must also be paid by this date to avoid penalties and interest.
How much does an accountant cost for a tax return?
The cost of preparing a tax return depends on its complexity. Simple returns may cost less, while returns involving rental income, investments, or business activities may require additional work.
Do landlords need to declare rental income?
Yes. Landlords must declare rental income on their self assessment tax return. Allowable expenses such as repairs, agent fees and certain finance costs may reduce the taxable profit.
Do I need an accountant for a limited company?
Most limited companies use an accountant to ensure compliance with Companies House and HMRC requirements, including preparing annual accounts and corporation tax returns.
When is corporation tax due?
Corporation tax is generally due nine months and one day after the end of the company’s accounting period.
What expenses can small businesses claim?
Allowable business expenses may include office costs, travel, software subscriptions, equipment, professional fees and certain home office costs, depending on the nature of the business.
Do you provide accounting services in Shepperton?
Yes. MBSC Accountancy & Consultancy Ltd supports businesses and individuals in Shepperton, Walton-on-Thames, Sunbury, Staines, Weybridge and surrounding areas, as well as clients across the UK.
Can you help with capital gains tax?
Yes. We assist clients with calculating and reporting capital gains tax, including property sales and investment disposals.
Do you work with cloud accounting software?
Yes. We support clients using cloud accounting software, helping them manage their bookkeeping digitally and stay compliant with HMRC requirements.
