SELF ASSESSMENT SERVICES
Our team are here to take care of all your self-assessment tax return obligations, leaving you completely stress-free.
TAX RETURN ADVICE & ASSISTANCE
We understand that completing your self-assessment tax return can be a highly stressful experience, especially as the UK has one of the largest tax codes in the world. When you combine this with the complex and ever-changing tax legislation, even a simple tax return can become extremely time-consuming.
We’re here to provide you with all of the advice, support and reassurance that you need to ensure your tax return is done accurately and on time – preventing any penalties. By working with us you’ll be able to rest assured that you’ve minimised your tax liability whilst saving yourself time and money!
If necessary, and should HM Revenue & Customs select you for a self-assessment inquiry, we can also deal directly with them for you, acting as your agent or attending meetings on your behalf.
We’ve grouped together some helpful information on self-assessment for you below. Simply click on each option to find out more.
If you’re self-employed, a company director or hold any other role that sees you receive income that is not immediately taxed, you’ll need to file a self-assessment tax return.
As a result, self-employed people need to maintain extremely detailed records of their sales and takings, their expenses and so on. This is just one of the challenges you’ll face completing your own self-assessment.
The most common reasons that a tax return may be required are as follows:
- You are self employed or a partner in a partnership
- You are a company director
- You have large amounts of savings or investment income
- You have untaxed savings or investment income
- You own land or property that is being let
- Your household receives Child Benefit and you have income in excess of £50,000
- You have income from overseas
- You have sold or given an asset away (such as a holiday home or some shares)
- You’ve lived or worked abroad or aren’t domiciled in the UK
Remember, the staff at HM Revenue & Customs are not tasked to advise you on how to organise your affairs and minimise your tax. Therefore, if you want to make sure you are paying the right amount of tax, you should consult a professional.
At SKS we use HM Revenue & Customs-approved software to:
- Complete your tax return
- Calculate your tax liability
- File the return online
- Liaise with you on the amounts to be paid and when they are due
As part of the above service, we can analyse your self assessment tax return to see if any tax savings can be made and we can also review the form to see if there are any anomalies that need to be addressed before the return is submitted.
This process helps to minimise your risk of a HM Revenue and Customs inquiry into your tax affairs. If you are experiencing cash flow problems, we can explore the possibilities of deferring your tax payments or negotiating a payment plan with HM Revenue and Customs on your behalf.
FIND YOUR LOCAL OFFICE
We have offices all over the UK. Click below to find yours.
“SKS Bailey Group have looked after my accountancy needs for the past four years. They made big promises before I came on board and to date, they have exceeded on every one of them.
I am very happy with their service and continue to recommend them to anybody who needs tax planning advice and strategies moving forward.
Most accountants I have worked with in the past act very cautiously and therefore not necessarily in my best interest, however Baileys have always put my needs first, impressed me with their detailed understanding of the tax code, offered effective strategies and invaluable advice with how to move forward and maximise the opportunities ahead. However big or small your business, Baileys will help you take it to the next level.”
Gregg Kessler, Director