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Reminders – never miss a deadline
The process of completing your annual self assessment tax return can seem very daunting, and with the new system of penalties for errors, having an accountant submit your return for you can give you peace of mind.
As well as preparing your return Accounting Wise are here to give advice on maximising your allowances and relief, mitigate inheritance tax liabilities and advise on capital gains issues.
Get started with the right accounting solution for you
Get started with the right accounting solution for your business
Self Assessment is a system HM Revenue and Customs uses to collect Income Tax.
Tax is usually deducted automatically from wages, pensions and savings. Individuals, Sole Traders or Businesses with other income must report it in a Self Assessment Tax Return.
The deadline to submit your self assessment tax return and pay your tax bill for the year is the 31 January. Unfortunately, not submitting your tax return on time, could result in considerable penalties and interest being accrued by HMRC. This is why it’s so important to put arrangements in place early on to ensure everything is completed on time.
Another huge benefit to being organised with your tax affairs is that you will know how much tax is due in advance with a good amount of time to pay your balance to HMRC.
Tax can be a very complex subject, so unless your tax affairs are very straight forward it is almost always better to seek advice from a professional than attempt to complete your own self assessment tax return.
Some of the benefits of using Accounting Wise to handle your tax affairs are:
By using professionals you know that your tax calculations will be correct and accurate.
You are less likely to be investigated by HMRC if you use an advisor, as HMRC have ways of knowing if figures submitted on a return are likely to be incorrect. This is a common trigger for a tax investigation.
In most cases it will take you a lot longer to complete your own self assessment tax return than it would for an advisor. This time could be better spent running your business.
It is a very rare occasion that we take on a new client and are not able to find areas to reduce the tax owed. This is usually in the form of under declared expenses. Most business owners are not aware of all the different types of expenditure that can be claimed and how best to claim them, which is where we come in.
Get started with the right accounting solution for you
Our online accountants have a range of qualifications from the Association of Accounting Technicians (AAT), Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in England and Wales (ICAEW). We are also an Institute of Certified Practising Accountants (ICPA) accredited firm, and a HMRC registered Agent.
Get started with the right accounting solution for your business
1 Choose Your Package
Choose from our pre-built packages or customise your own to see exactly what services you need and how much you’ll pay each month. We make it easy to find the perfect fit for your business!
2 Sign up with Us
After selecting your preferred level of service, simply provide a few additional details to register with us through our easy sign-up form or by giving us a call. It’s that simple to get started!
3 You’re ready to go
That is it, we will begin to set your services up for you, contact you previous accountant if required, and begin the authorisation process with the HMRC
Everything you need in one place
All official documents provided
Online Hub to manage your company
London Registered office Address
Your own incorporated limited company
Get started with the right accounting solution for your business
