Filing your tax returns at the end of the year is an important responsibility of individuals. Individuals with many sources of income or with multiple financial transactions may be required by HMRC to file a tax return at the end of the year.
The types of incomes covered under your Self- Assessment Return include: Your employment income, whether received in the capacity of an employee or Director, business income from self-employment, Pension Income, Taxable benefits, Rental Income, Bank and Building Society Income, interest and dividend on investments, Gains made from disposal of fixed assets like land, buildings or financial assets like shares or bonds. In case you have a new source of income, you must immediately inform Her Majesty's Revenue and Customs.
Failure to file your return results in penalties levied. Completion of a Self-Assessment return is found difficult by many individuals due to the technical jargons involved and the complex number of forms to be filled. If you are unsure, it is always better to seek professional help. We offer to file your self assessment returns promptly with very good value for the money you pay.
If you are a sole-trader running your small business or a landlord with rental income, we also help you in ascertaining your business income / rental income before we file your return. Please contact us if you have any queries about self-assessment or to file your self-assessment tax returns.