Concluding a self-assessment tax return can be a stressful, complicated and time-consuming task particularly with ever changing tax legislation. HMRC confirmed that one in four tax returns are calculated incorrectly and over 1 million people a year are fined for failing to conclude a return correctly or not completing at all.
The most common reasons for having to conclude tax return are as follows:
At Shires Accountants we can:
As part of our self assessment tax return service, we will analyse your income and expenditure to see where any tax savings can be made, also we will review and address any irregularities before the return is submitted.
We offer a free no obligation meeting or quotation and would welcome the opportunity to discuss any requirements you may have. Call us on 01270 820 273 or click to Get in touch.
HMRC staff will not offer you any advice on minimise your tax or how to make use of the appropriate allowances to reduce your personal tax position. Therefore, if you want to make sure you are minimising the amount of tax you pay, you should talk to us. Also by using a professional accountancy firm such as Shires Accountants you will minimise the risk of HMRC making enquirers into your tax affairs.
It makes sense to talk to us and we would welcome the opportunity to discuss any requirements you may have. Call us on 01270 820 273 or click to Get in touch.
Legislation change: from 06 April 2020 property Capital Gains must be reported to HM Revenue within 30 days of the date of disposal along with details added to the tax return at year end. If you are unsure about Capital Gains Tax and need advice please contact us on 01270 820273.