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      • Understanding of key issues within the accounts
      • Bank Reporting
      • Statutory Audit
      • SRA Audits
      • IBRC Audits
      • View All
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      • Inheritance Tax
      • HMRC Test Run
      • Tax Consultancy
      • Pre and Post Transaction Reviews
      • Capital Allowance Reviews
      • Research & Development
      • Income Planning
      • Capital Gains Tax Planning
      • VAT
      • View All
    • Financial Information and Management
      • Profit Improvement
      • Financial Review
      • Budget and Forecasts
      • Cashflow Projections and Management
      • Financial Health Check
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      • Financial Processes and Control
      • Set up of new accounting systems
      • KPI Reporting
      • Management Accounts
      • View All
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      • Profit Improvement
      • Group Structure
      • Pricing For Profit
      • Breakeven Analysis
      • Business Health Check and Report
      • Business Planning Day
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Home - Our Services - Tax Services - Self-Assessment Tax returns

Self-Assessment Tax returns

If you are self-employed, a partner in a business, have property income or receive any untaxed income for example, you will need to complete a self-assessment tax return informing HMRC of your taxable income and any gains for the tax year.

The idea of ‘self-assessment’ is that the average taxpayer should be able to do this themselves without the need for an advisor.  The on-line systems work well and simple returns should be relatively easy to complete.

However, the constant stream of changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that you are at greater risk of penalties through failing to complete your returns on time or correctly. These include late filing, late payment, failure to notify and inaccuracy. The cost of the penalty varies so it is important that you disclose your tax affairs fully and on time.

Our clients value the fact that we save them a lot of time, worry, and money by handling their self-assessment returns. We will do all the necessary calculations, complete the return, but we also think of the bigger picture and offer advice on how you can minimise your tax liability. We will review all available and relevant reliefs and elections, identify opportunities such as Property Incorporations, Inheritance Tax, Capital Allowance reviews and Income Extraction from your business. We pride ourselves on giving the right advice to ensure you pay the right amount of tax.

Ready To Start?

If you are ready to develop your business and wealth please contact us on the details below.

  • mail@markholt.co.uk
  • +44 (0)1752 220979
  • 7 Sandy Court
    Ashleigh Way
    Plympton
    Plymouth PL7 5JX
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  • 7 Sandy Court
    Ashleigh Way
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    Plymouth PL7 5JX

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