Why Xero Experts?
Why Xero Experts?
Get your taxes done right the first time
As a small business owner or self-employed individual, it falls on you to handle your own tax filing. This means keeping track of the various taxes your business is responsible for, in addition to managing the day-to-day operations. It can be a challenging undertaking.
Inaccuracies in your tax information can lead to penalties from HMRC, potentially causing headaches down the road when it comes to future tax filings.
Who must file a Self-Assessment tax return?
It is your responsibility to let HMRC know if you are obliged to file a personal tax return. This includes if you are:
- A partner in a partnership business
- An investor with dividend income
- A sole trader who is running their own business or service
- A company director and you have income that is not taxed under PAYE
- A trustee or executor of an estate
- If you or your partner got Child Benefit payments yet your income is over £50,000.
- If you lived abroad but received an income from the UK
- If your property and land generate money
- If you have £10,000 or more in savings or investment income before taxes
- If you earn more than £100,000 a year
What is included in Self-Assessment tax return?
- Income tax - Income from a business you own or from being a partner in a business
- Investment income - Dividends and interest from investments
- Property income - Rent or royalties from the property you own
- Capital gains tax - Profits from selling stocks or property
- Value-added tax (VAT) - Taxes on goods and services you sell
- Inheritance Tax - Gifts and inheritance from relatives
Our Self-Assessment Tax Return service
Filing self-assessment tax returns can be intimidating, especially when you’re self-employed, run a business, or earn income from abroad. It can be overwhelming to keep track of all the incomes. That’s why it’s necessary to have an expert on your side.
At our accounting firm, we specialise in personal tax returns. Our professional team will take care of everything for you, so you can have peace of mind and pay your attention to what really matters – running your business or enjoying your hard-earned money. Let us help you navigate the confusing world of self-assessment tax returns.
Our Self-Assessment Tax Return Service Includes:
- Preparing and filing your annual self-assessment tax return
- Calculating your tax liability
- Calculating capital gains tax and related tax deduction
- Advising on PAYE and NI contributions
- Advising on appropriate record retention
- Registering for self-assessment if necessary
- Advising on deductions and allowances
- Liaising with your bank, building society, stockbrokers etc. to gather the relevant data for your annual returns
- Dealing with HMRC for you
- Assisting with tax disputes with HMRC
- Providing 1-hour Xero training
- Unlimited general advice via email and Zoom
We Also Specialise In
You might be interested in
Payroll & Auto Enrolment
Our experts will ensure your employees are paid on time. They can also help you implement a workplace pension procedure through payroll
Xero VAT Return
You can rely on us to file your VAT returns on time and in accordance with MTD and HMRC regulations
Xero Bookkeeping Rescue
Having a hard time with your messy records? Let us assist you in regaining your focus
Crypto Bookkeeping
Our in-house bookkeepers and certified consultants will ensure your crypto currency business is well maintained and legal