Many people, especially those who are filing a return for the first time, find that self-assessment is a daunting and time-consuming task. Our experts ensure that your tax return is filed correctly and on time so that you do not incur any penalties. We will make all the tax calculations for you and advise you on your liabilities and how to plan for them.
We will also advise you, legally, on ways to reduce the tax you owe.
Simple steps can save you a lot of money when you have the right know-how at your finger-tips.
According to HMRC, a record 9.45 million tax returns were submitted ontime for the 2010-11 tax year with a record 80% of those being submitted online. However between the 15th February 2012 and the start of March, some 850,000 £100 penalty letters will be issued to those individuals who failed to submit their returns on time. That means HMRC will recieve £85 million in penalties from late self assessment returns alone.
The sooner you contact us, the better we can prepare your tax returns. For further information about personal taxation and whether or not you need to submit a personal tax return, please contact us on 0121 2376065 or email us at personaltax@str84wardaccounting.com.
