Self Assessment
The term ‘self assessment’ is proving to be one of the great misnomers of all time. Many taxpayers struggle to understand the complex tax returns and complete them correctly. In the first year of the regime alone, 775,000 taxpayers received £100 penalties for failing to submit their returns on time, and some 400,000 incurred further penalties because their returns were still outstanding six months later!
The constant stream of changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.
We can save you a lot of time, worry, and money by handling your self assessment for you. We will do all the necessary computations, complete your return, and even offer advice on how you can minimise your tax liability.
We can act as your agent, dealing directly with the Inland Revenue on your behalf and, should you be selected for a self assessment enquiry, act for you at any meetings.
Find out how we can help you today
Our personal services:
Estate planning
Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family.
Personal tax planning
With the tax regime becoming more complex and more emphasis being put on taxpayers' individual responsibilities.
Retirement strategies
Everyone hopes to maintain the same standard of living in retirement as they presently enjoy while working, but to achieve this requires forward planning.
Self assessment
The term 'self assessment' is proving to be one of the great misnomers of all time. Many taxpayers struggle to understand the complex tax returns.
Trusts and executorships
Trusts are relatively easy and very tax efficient way to set aside assets for future beneficiaries outside of the inheritance tax net.