Self Assessment

Each year a self assessment tax return is required for Directors and the Self Employed.

We can:

• File your return electronically to speed up any refund situation
• Advise you of taxes due and due dates for payment
• Make “payment on account” reductions, if applicable, so that you hold onto your money

Self Assessment for individuals started with the tax year beginning 6th April 1996. Self Assessment is the name for the tax system whereby every taxpayer or potential taxpayer is responsible for sorting out their obligations and paying the correct amount of tax by the correct date themselves. Failure to do so means interest charges and penalties.

The taxpayer cannot rely on HM Revenue & Customs (HMRC) working out the figures and also making sure the payment date is met.

It is your responsibility. As a leading firm of Chartered Accountants in Essex we can help you meet your obligations.

We deal with over 1,500 self assessment returns each year so we can help you through this minefield. Let us prepare your Self Assessment Tax Return on your behalf. We use software from a leading specialist and then file your Tax Return Online through the secure Government Gateway. It is fast, ensures that there are no clerical errors by HMRC staff inputting incorrect figures and keeps your tax records up to date.

Our help doesn’t stop at just preparing Self Assessment Tax Returns; we not only manage the whole Tax Return process but we monitor your tax statements to make sure you have paid the right amount of tax at the right time. We can also monitor your PAYE code numbers and track payments or repayments of tax.  If HMRC get it wrong – and they do – we will act to make sure their records are corrected.

Our tax team has qualified and trained personnel who will help you through this annual process and look out for tax saving tips for you. Should you unfortunately be selected for review or enquiry they are able to deal with HMRC on your behalf minimising the worry that such an approach brings. We are also able to offer insurance for such an occurrence through a group scheme for clients which keeps premiums at a reasonable level.

Please click to download a Personal Tax Return Checklist which provides an analysis of the information we will require to prepare a return.