Self-Assessment Tax is the evaluation of one’s tax liability which is a way of declaring taxable income along with any tax reliefs so that tax liability can be calculated. This is done either online or physically by submitting your self-assessment to the HM Revenue & Customs (HMRC). If you are employed you may not be required to file a return as your tax is paid at source. Self-Assessment Tax Returns are filed on income from indirect sources such as rental income, dividends, pension from private sector, income from abroad, etc. Income from such sources need to be declared at the end of each fiscal year in order to accurately calculate and pay Income Tax. As a business owner or Director and shareholder of the company, self-assessment tax return is a must with the HM Revenue and Customs. It is the responsibility of every individual that tax liabilities are paid on time. Failing to file a tax return may result in penalties.
Why Choose Solvers Accounting and Payroll Services for Self-Assessment Tax?
Solvers Accounting and Payroll Services has been managing self-assessments of business owners for several years. We have a history and proven track record of helping business owners and investors in efficiently managing their tax returns and giving them valuable insights on how they can save money. In our experience almost every business owner can improve their tax returns and make the most out of the opportunities in the legal tax system. With valuable insights and advice from our experts, we will make sure your hard-earned money benefits you in the best possible ways.
Personal Tax Planning
Years of experience in the Tax Universe has enabled us to quickly optimize your Personal Taxation in light of legal exemptions and tax reliefs. All of this is done in total compliance within the legal framework and tax rules in the UK. We render service including but not limited to the following areas of Personal Tax:
- Capital Gains Tax
- Income Tax
- Inheritance tax
- Tax on real estate
- Tax on trusts
- Return Filing
As you might notice, the above areas overlap each other in many ways, therefore, effective tax planning can help you in many ways and it should be considered as early as possible. Our professional and helpful team can help you in finalizing your self-assessment tax return in a way that will help you claim deductions and credits and lower your tax liabilities.
Not only Solvers Accounting and Payroll Services can help you efficiently plan your Personal Tax every year but we can also guide you in collecting relevant and sufficient documents and records in order to correctly file your tax returns. If you have been previously failing to file tax returns on indirect incomes you need not to worry. Through our service we ensure that your Personal Taxation will be processed smoothly without any objections or getting penalized. For a practical advice and a tailored solution based on your current business position, contact our dedicated Personal Taxation team today.