Self-Assessment Tax Return

Self Assessment made easy by Quest Birmingham accountants

Self-Assessment Tax Return

Unless your tax affairs are very straightforward and you’ve been taxed through the PAYE system, you will need to complete a self-assessment tax return.

Whether you’re running a business in Birmingham as a sole trader, partner, director or shareholder, you will need to calculate your taxes through self-assessment by completing a tax return.

Completion of your tax return involves reporting your income and your capital gains and allows you to claim tax allowances or tax reliefs.

Fortunately, HMRC allows you to not pay tax on income made in any given tax year until January of the year following.

Self-Assessment Made Easy

Unfortunately, this tends to lull people into a false sense of security that there’s plenty of time to “do it later” and then keep pushing it aside until later suddenly becomes “too late.”

Late return of your self-assessment form makes you liable to a penalty. You have until 31 October to complete your tax return, but the final deadline is 31 January.

The initial penalty is £100, but the more delayed your return, the higher the penalty.

So if you’re too busy with running your business to deal with your self-assessment tax return, then you need Quest accountants in Birmingham to make your life easier and less stressful, get your self-assessment tax return in on time, help you pay less tax and put more money in your pocket.

Don’t get bogged down in receipts and stress yourself out trying to complete your own tax return, when we can do it all for you.

And why risk getting a penalty for the late return of your self-assessment form when we will always get it in on time, so you never have to worry about it ever again.

If you want to discover how we can help your business, Quest Birmingham Accountants offers the following services: Tax ServicesSelf-AssessmentVATPayrollNew BusinessR&D Tax Credits, Annual and Management AccountsTax Returns, Self-Employed AccountsBusiness PlanningBusiness TaxAccounts ServicesBookkeepingPensions, and UK Tax Deadlines.

Contact us or call 0121 2350315 for a chat to find out how we can help you pay less tax, keep more money in your pocket and grow your business.

Contact Us

Give us a call on 0121 235 0315 or send us a message below to book a free tax review of your business.

Quest Chartered Management Accountants. Branston Court, Branston St, Birmingham B18 6BA