Self Assessment
Self-Assessment is a standard tax return form. As a business owner, you’ll need to send a report of your annual earnings to HMRC. Your Self-Assessment tax return should also include the sources of your earnings.
Self-assessment is an individual’s responsibility to work out how much tax you have to pay.
Tax Returns must be completed for:
- Individuals and sole traders
- Partnerships
- Unincorporated businesses.
Why choose Keirstone Accountants?
Start Up Specialists
Our services are crafted with the unique needs of startups and scaleups in mind. From day one to IPO, we’re here for every step of your financial journey.
Risk Free Scaling
Start with what you need and expand as you grow. Our scalable bookkeeping solutions provide real-time insights for smooth, sustainable growth.
Transparent Pricing
Start with what you need and expand as you grow. Our scalable bookkeeping solutions provide real-time insights for smooth, sustainable growth.
Tech-Forward
As Xero Partners, we’ll help you to utilise the latest in accounting tech for seamless integration and real-time insights, helping you stay ahead with minimal effort.
Self-Assessment Risks
The self-assessment regime is full of penalties and HMRC enquiry powers are extensive. It’s important that:
- Returns are correctly completed
- They are filed on time
- All backup records are retained for the appropriate period.
As well as the completion of your return, we can assist with:
- Advice on your tax liabilities
- Negotiating with HMRC if necessary
- Identifying suitable tax planning opportunities
- Completing all the necessary tax computations
- Dealing with all correspondence from HMRC, taking the worry away from you.