Self Assessment Accountants

Who needs to submit a Self Assessment Tax Return?

It is not only the self employed who need to declare their earnings to HMRC and submit a Self Assessment Tax Return. Even if your income is already taxed by PAYE, this does not automatically mean you are exempt. You might still have to file a UK tax return to declare any other income earned or claim a tax refund.

If you’re wondering ‘Do I have to submit a self assessment tax return?’, you will need to if you fall into one of the following categories:

• You are self employed or a partner in a partnership
• You are a company director
• You have large amounts of savings or investment income
• You have untaxed savings or investment income
• You own land or property that is being let
• Your household receives Child Benefit and you have income in excess of £50,000
• You have income from overseas
• You have sold or given an asset away (such as a holiday home or some shares)
• You’ve lived or worked abroad or aren’t domiciled in the UK

How can professional self assessment accountants help me?

Aside from ease and convenience so that you can focus all of your attention on running your business, there are a number of benefits of working with professional self assessment accountants such as Tax2U.

As part of our accounting service, we will analyse your self assessment tax return to see if any tax savings can be made, which you may otherwise miss out on. We will also review the form to see if there are any anomalies that need to be addressed before the tax return is submitted.

Tax legislation is always changing, and keeping up with current regulations as well understanding the terminology involved is getting increasingly difficult. However, deadlines must be met and tax returns must be submitted accurately to avoid penalties and costly fines. Our self assessment accountants will ensure that your tax returns are submitted accurately and on time, so you don’t need to worry about making any costly errors yourself!

Why Choose Tax2U?

Our wealth of experience across different industry sectors means that we can offer you a self assessment accountant who will handle it all for you. Regardless of your location in the UK, we can offer support with your tax returns as we only require copies of your records.

Choose from our range of yearly self assessment accounting packages, depending on what level of support you require. You’ll have your own dedicated account manager advising you, so if you have any questions at all they will be able to offer support and advice.

We also offer a completely free UTR registration service with no obligations or tie in to any other services that we offer. Registering through us is the simplest and most convenient way to become UTR registered and self-employed. Many who use this service choose to use our yearly accounting services going forwards.