Tax returns are issued annually to taxpayers whom the tax office believe have:
◾Income from self-employment
◾Other income received where no tax has been deducted
◾Complex tax affairs, for example, higher rate taxpayers or company directors.
There are two main types of tax return. If you have simple tax affairs, for example if you are an employee, a pensioner or are self employed with a low level of turnover (the turnover level varies each year), you’ll receive the shorter tax return.
If your affairs are more complicated you’ll receive a full tax return. This is quite a lengthy document as this form of tax return will also include supplementary sections – for which you may need extra tax advice.
At Parker Hartley & Co we use HMRC approved software to:
◾Complete your tax return
◾Calculate your final tax liability
◾File the tax return online
◾Liaise with you on the amounts to be paid and when they are due
In addition to this we can analyse your self assessment tax return to see if any tax savings can be made and, if we have information for two or more years, then we can look to see if there are any anomalies that need to be addressed before the latest tax return is submitted. This will often avoid an unnecessary tax investigation.
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 or enjoying additional leisure time.
The deadline for submitting your tax return to HM Revenue and Customs is the 31st October if you submit your return in paper format, otherwise you have until 31st January to file your tax return online.
How we can help
Annual self assessment tax returns are a great source of stress and anxiety. You can avoid this yearly hassle by letting us take it away from you with our competitive pricing on tax returns.
Call us on 01904 612 455 for more details.