WHY IS IT IMPORTANT?
Completing your self assessment is important because not doing so can result in heavy fines and penalties. Just completing it late can result in penalties from the HMRC of up to £1,600.
HMRC revealed that 10.39 million Self Assessment tax returns were completed last year which was more than 92% of the total returns expected, and 150,000 more than last year.
More than 89% of taxpayers (9.24 million) filed their return electronically.
WHY IT IS IMPORTANT TO GET IT RIGHT FIRST TIME?
It is vital that your self assessment is completed correctly the first time because depending on the mistake, you can be fined up to 70% of the total tax due, on top of the tax you already owe.
BENEFITS OF USING IB&CO ACCOUNTANTS
Our team of qualified accountants are experts in self assessment, providing excellent value for money. Using our services guarantees that your self assessment will be correct and on time, meaning you pay no more tax than you have to, and avoid fines.
Let us save you the headache of completing your self assessment. Contact us today to see how we can help.
At IB&Co Accountants, we are specialists in self assessment for freelancers and contractors. Imagine being able to focus 100% on your core business and never having to worry about your self assessment tax return again.
WHAT YOU GET?
We pride ourselves on making things as easy for our customers as possible. At the initial meeting, we spend time getting to know you as an individual, in order to be able to provide the best possible service. For us to complete your return accurately, we need correct records from you. You can either send us your existing and accurate records, or we can take care of that for you with our Bookkeeping service . When we take on your self assessment, we provide:
- A free internal meeting.
- Advice on appropriate record retention with the option to take on this role on your behalf.
- Free bookkeeping templates and software at a reduced price.
- Specialist advice from tax specialists to help minimise your liability and maximise compliance.
- Free telephone support.
- Fixed fee agreement.
- We monitor all of your transactions to ensure you are PAYE compliant.
- Review your contracts for IR35 status. Inform and advise regarding any complications or disputes.
- Advice on how to complete your self assessment yourself if that is your preference.
WHAT WE DO DIFFERENTLY?
We provide comprehensive business advice and support, tailored to your unique set of circumstances. We are able to do this because we take the time at our first meeting with you to really understand how you operate.
A PROACTIVE APPROACH
We continually review your profit and loss balances to analyse any trends from a tax perspective and ensure the most tax efficient outcome for you. This proactive approach means that we identify any problems or opportunities early on, such as the potential need to switch to IR35 in order to minimise your tax liability.
Our team of qualified accountants and tax specialists have had more than 10 years of experience in dealing with the tax returns of freelancers and contractors just like you. This is what we do on a daily basis, giving you peace of mind so that you can focus on making more money.
HOW TO GET ACCESS TO OUR SERVICE
Getting access to our service is simple. Contact us now to see how we can help by calling into the office or completing the simple contact form here.