Self-assessment Tax Returns – Able & Young

Self-assessment Tax Returns

Remove the stress of submitting your own tax returns by simply providing the paperwork and let us do the rest.
If you are new to self-employment and operating as a sole trader for the first time, then help is at hand to guide you through the process from registering with HMRC for self-employment, to dealing with your tax each month, VAT, right the way through to completing your self-assessment.
As well as advising on tax-efficient strategies to reduce your liability, we will also ensure you remain fully compliant with all relevant tax rules and procedures. We keep in mind the outcome you are looking for and look to safeguard your personal wealth.
Most employed people will have the majority of their tax payable deducted at source through their monthly/weekly payslips. However, if they have other income or gains such as investment income, rental income from say a buy to let property or gains from share sales, they may need to pay considerably more tax at specified times.
The self-employed, partners of partnerships and directors of companies are all likely to have Self Assessment Tax Return’s to complete. Tax on their assessed income and gains will normally be payable in advance following the payments on account system at specified times during the year.

Our tax advice can cover:

  • Income tax planning
  • Reviewing your personal financial position to ensure that your personal and business funds are arranged in a manner that is tax efficient, whilst at the same time achieving your desired outcomes.
  • Maximising claims for relief against your income and gains.

We plan ahead, inform you on the latest legislation and can provide the following services:

  • Personal and business tax
  • Company Tax
  • Capital gains tax
  • Inheritance tax
  • Stamp Duty
  • Pension planning
  • PAYE and National Insurance
  • Inland revenue enquiries and investigations
  • Business structure advice – sole traders, partnerships, LLPs or Company
  • Enterprise Investment Schemes
  • Residence and Non-Domiciliary tax issues