Self Assessment Accountants for Tax Returns
Take the stress out of self-assessment tax returns
Why Choose HWB Accountants for your Self-Assessment Tax Returns?
Expert Knowledge: We are expert Self-Assessment accountants so you’re in safe hands.
Personalised Service: We understand that everyone’s tax situation is unique, which is why we tailor our services to your needs.
Transparent Pricing: No hidden fees – just clear, upfront pricing for our services.
Peace of Mind: Leave the paperwork to us so you can focus on what you do best.
Year-Round Support: We’re here to help with your tax queries all year, not just during tax season.
Navigating the complexities of self-assessment tax returns can be overwhelming, especially when you’re juggling multiple responsibilities. That’s where we come in. As specialist self-assessment accountants, we take the stress out of tax season, ensuring you stay compliant while maximising your tax efficiency. Whether you’re self-employed, a freelancer, or have multiple income sources, our tailored tax return services are designed to save you time, money, and hassle.
Our Self-Assessment Services
We offer a comprehensive range of self-assessment accounting services to suit your unique needs:
Self-Employment Tax Returns
Our dedicated self-assessment service for the self-employed takes the stress out of tax season, ensuring your tax return is accurate, compliant, and submitted on time. Let us handle the details of your self-assessment tax return. We will:
- Collect and organise your financial information
- Accurately calculate your income, expenses, and allowable deductions
- Complete and submit your HMRC tax return on time, ensuring compliance with all regulations
Self-Assessment for Company Directors
Our specialised self-assessment service for company directors ensures that your tax return is accurate, compliant, and optimised:
- Reporting salary, dividends, and any additional income
- Identifying all eligible deductions and reliefs, such as business expenses and pension contributions, to minimise your personal tax liability
- Providing strategic guidance on tax-efficient dividend payments
Self-Assessment for Partnerships
As a partner in a partnership, your tax obligations differ significantly from those of sole traders or company directors. Each partner is required to file an individual self-assessment tax return, reporting their share of the partnership’s profits along with any other personal income. Our tailored self-assessment service for partners ensures your tax returns are accurate and compliant:
- Ensuring each partner’s tax return accurately reflects their share of the partnership’s profits, along with any other personal income
- Identifying allowable expenses and tax reliefs specific to partnerships, reducing your individual tax liability and improving your overall tax efficiency
- Providing strategic guidance on partnership agreements, profit distributions, and tax planning
- Completion of your Individual Self-Assessment Partnership Tax Returns (SA800).
Landlord Self-Assessment
Landlords are required to look beyond simply reporting rental income, you need to account for allowable expenses, mortgage interest relief, and potential tax implications of property sales. For landlords and property investors, we specialise in managing tax returns related to:
- Buy-to-let properties, holiday lets, and rental income
- Capital gains tax on property sales
- Claiming allowable expenses and reliefs to reduce your tax bill
Self-Assessment for Contractors and Freelancers
For those with complex income streams, such as freelancers, consultants, or contractors, we ensure:
- Efficient management of multiple sources of income
- Advice on IR35 status and compliance
- Maximising deductions for business expenses and home office use
HMRC Registration and Compliance
If you’re new to self-assessment, we’ll guide you through the process of getting registered with HMRC, ensuring you meet all initial requirements:
- Setting up your Unique Taxpayer Reference (UTR) number
- Registering for self-employment or other income streams
- Providing guidance on key deadlines and obligations
Late Filing and Penalty Appeals
The deadline for submitting paper self-assessment returns is October 31 in the year the tax year ends, while the deadline for online returns is January 31 of the following year. If you miss the deadline, you’ll incur a £100 penalty for being just one day late. The fines increase over time, with penalties rising to £1,000 plus additional charges if the return is more than six months late.
Missed a deadline? Don’t panic. We can assist with:
- Filing overdue tax returns promptly to minimise penalties
- Negotiating with HMRC on your behalf to appeal against fines
- Setting up payment plans if needed to manage tax debts
Capital Gains Tax Reporting
If you’ve sold assets like shares, property, or other investments, we can help:
- Calculate your capital gains accurately
- Apply reliefs like the annual exemption or Business Asset Disposal Relief
- File timely reports to avoid penalties
Tax Planning and Advice
Don’t pay more tax than you need to. Our proactive tax planning services help you:
- Optimise your tax position, reducing your liabilities
- Take advantage of all available tax reliefs and allowances
- Plan for future tax obligations, so there are no surprises
Get Started Today
Ready to make self-assessment stress-free? Contact our Self-Assessment Accountants today for a free consultation. Let’s discuss how we can simplify your tax return process, reduce your tax bill, and ensure you stay compliant with HMRC.
Please call us on 023 8046 1200 or email: admin@hwb-accountants.com.
Make tax time easier with our professional self-assessment accounting services. Let us take care of the numbers so you can focus on what really matters.
The HWBulletin
Our HWBulletins cover a range of subjects, including some of the services that we offer and an update of the recent changes that have, or will take place.
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Business Asset Disposal Relief – Increase in Tax Rate
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