If you are required by law to submit a Self- Assessment tax return there are a number of deadlines to adhere to. We make sure you meet them in good time. A review of your business by our accountants and tax specialists give us a clear understanding of any tax planning opportunities.
Removing the Fear Factor
A taxpayer will normally be required to file their tax return by 31 January following the end of the previous financial year. We can take the stress out of the process, and you can be confident in the knowledge that our tax specialists will complete the documentation for you and give you a correct schedule of payment dates.
We Know the Form
The annual self-assessment return is still a complex document and some of the technical definitions and calculations can be intimidating. We take the burden away from you so that you can concentrate on running your business.
What We Do For You
Bryden Johnson handle the prompt completion of your Self- Assessment tax return and provide a personal tax service. We liaise with HMRC on your behalf and deal with all related correspondence and queries. Our clients have a high level of trust in us to deliver an extremely high level of service. We are committed to managing your affairs with transparency and integrity. See what our current clients have to say about us here.
The Tax Return
Under the Self-Assessment rules, taxpayers are responsible for ensuring that their tax liability is calculated and any tax owed is paid on time. If a completed return is not send to the HMRC on time, an automatic penalty of £100 will be imposed along with any possible surcharges. Furthermore, a late tax return increases the risk of a Revenue and Customs enquiry.
Our experienced tax advisers will advise you on legitimate ways to save tax and calculate your tax bill for you – with no hidden surprises.
What We Need from You
The basic information we need comprises your total income and the cost in terms of allowable expenses to create that income. Not everything your business spends will be accepted as an allowable expense, and the rules can be complex. What is allowable for one business sector is not necessarily allowable for another. We will advise you on all of these subtleties.
Tax Rates 2023/2024
See the main thresholds and allowances for the 2023/2024 tax year
If you would like to find out more about our services and how we can help you, please fill out the form below.