Who needs to file a self-assessment tax return?

Employees usually have their income tax deducted at source through Pay As You Earn (PAYE). For self-employed people who don’t have their tax deducted at source, a self-assessment tax return must be submitted to HMRC so they can be taxed correctly on their earnings.

Chartered Accountants in London - 4D Accounting & Tax Ltd

You must submit one if you fall into one of the below categories:

  • Untaxed dividend income from limited company
  • Earning more than £1000 as self-employed as a sole trader
  • Partner in a partnership business
  • Receiving over £100k salary income.
  • Receiving child benefit where household income over £50,000
  • Rental income from buy to let property
  • Wanting to tax reliefs claim in current / previous years.
  • Any capital gains such as sale of shares.
accounting services - bookkeeping - tax planning

Do I need an accountant to file my self-assessment tax return?

Your focus should be on your day-to-day core activities and growing your business rather than having to spend time completing your self-assessment tax return.

It would be a waste of time wondering how to complete and submit your tax return and risk getting it wrong. After all, completing the self-assessment tax return isn’t straightforward and it can be a lengthy and frustrating process.

So if you want to ensure you are paying the correct amount of tax, you should appoint a specialist tax return accountant for help.

Why choose us for filing the Self-Assessment Tax Return?

If you’re looking for an accountant for tax return purposes, our qualified team of expert accountants are self-assessment specialists.

  • We will complete your self-assessment tax return accurately, efficiently and with minimal fuss
  • Advise you on minimising your tax liability to ensure that your business is as tax-efficient as possible.
  • Offer a dedicated self-assessment tax return service that will handle the entire process for you from start to finish.
  • We will liaise with you on any queries, submit your tax return to HMRC on your behalf and confirm the amount of tax to be paid and when it is due.

Have questions?

We would love to hear more about your particular needs.