Tax Returns

Completing a tax return can be a stressful exercise even if there are few entries to make. When the January self assessment filing deadline approaches the stress levels will rise even further!

A tax return is routinely issued to taxpayers whom HMRC (formerly the Inland Revenue) believes have:

• Income from self-employment
• Rental income from Property
• Other income which is received where tax has not already been deducted

Complex tax affairs, for example, higher rate taxpayers or company directors.

There are two main types of tax return. If you have simple tax affairs including, employees, pensioners and the self employed with turnover less than £64,000 (and expenses less than £30,000), you'll receive the shorter tax return. If your affairs are more complicated you'll receive a full tax return. This tax return has more pages plus supplementary sections and you may need to complete extra pages, depending on what sort of income you receive.

If your affairs are more complicated you'll receive a full tax return. This tax return has more pages plus supplementary sections and you may need to complete extra pages, depending on what sort of income you receive.

At TaxAssist Accountants we use HM Revenue & Customs approved software to:

• complete your tax return
• calculate your final tax liability
• file the return on line
• liaise with you on the amounts to be paid and when they are due
  

In addition to this we can analyse your self assessment tax return to see if any tax savings can be made and, if we have information for two or more years, then we can look to see if there are any anomalies that need to be addressed before the latest tax return is submitted.

Call us now on 01908 375433
www.taxassist-mk.co.uk