As a minimum requirement you will need to produce trading accounts annually. These are used to determine your profit or loss.

This information is then used to calculate your tax liability. If there are any tax advantages in preparing accounts for a shorter or longer period, we will identify this opportunity and advise you. Once accounts have been prepared and approved, we will prepare the additional schedules required to complete your self assessment tax return.

We will never understand why the revenue chose the name ‘self assessment’.

With the tax regime becoming more complex and with more emphasis being put on taxpayers individual responsibilities, every one who is subject to tax needs professional advice to optimise their tax position. Many tax payers struggle to understand the complex tax return and complete them incorrectly, those that do, are often unaware of tax legislation and will not claim all they are entitled to and pay too much tax.

In the first year of self assessment over 750,000 taxpayers were fined £100 for failing to submit their return by the due date, 6 months later half of these received a further £100 fine for still not having submitted their return. Some of these people paid more in fines than it would cost a professional to complete the returns on their behalf.

Current penalties include:
	£100 late filing penalty
	Interest will be charged on all tax paid late
	5% Surcharge on amounts more than 28 days late
	A further 5% surcharge for sums still outstanding at 31st July
	Penalties for failing to keep and maintain complete tax records

As tax specialists dealing as your agent we can save you time, worry and money handling all self assessment issues for you. We will complete all necessary computations, completing your return using the latest software and where possible submit the return electronically ensuring safe receipt by the quickest possible method.

Our Basic tax return services start from just £79

We specialise in dealing with Construction Industry Scheme sub contractors. Having dealt with hundreds of refunds over 11 years we are well equipped to deal with the most complex of cases.

Whether you are up to date but require a better, quicker service, or are behind with your tax affairs, we will be able to help. Your first consultation is free and our standard fee is only £150 plus vat. We aim to complete returns within 2 weeks and refunds are normally received soon after. For a small additional charge our fees can be taken from your refund, you have probably already paid too much in tax so why pay more to claim it back?