Our Personal Tax Accountant can file your Self-Assessment
Whether you are a tradesperson property holder our just a director with Dividends we can file your self-assessment.
Your Tax return has to be filed by 31st January to ovoid fines from HMRC
Last year xxx were late costing £xxm!
Who Has to File a Self-Assessment?
You have to file a tax return if
You are Self Employed, like a plumber
You earn more than £1,000 from work outside PAYE, like a part-time designer
You get benefits from your employer, e.g. company car, medical insurance
You are a Company Director unless you earn only wages
You earn more than £100,000
If you rent out properly and earn more than £2,500
You have received income from savings, investments and/or property
You have sold as an asset like an antique painting
You receive Child Benefit and your income is over £50,000
Penalties if you are late
Late filing is not cheap!
Miss the 31st Jan and it is £100
3 months late and it's £10 per day up to £900!
Beyond that and your looking t the maximum penalties of 5% of the tax due
What if you can't afford your tax bill?
HMRC are not that bad, they will offer you a "payment plan"
You can pay your tax bill over 6 to 9 months