Self Assessment – a minefield of confusion that can trap even the most unsuspecting person: the self-employed, the landlord, or someone simply with multiple sources of income.
Working Out What to Declare
Many people fail to report income from various sources, such as rental income, dividends from share ownership, and income from freelance work. There are also certain types of savings interest that must be reported.
Claiming the Right Expenses
In addition, many sole traders fail to claim expenses relating to home use of items such as computers and other equipment, as well as costs of business travel, including mileage. Many professional memberships and subscription payments can also be claimed against tax.
Avoiding Costly Errors, Simple mistakes can result in HMRC imposing penalties and interest.
For help with all accountancy services see https://bhukgroup.com/accountancy-services/.
Simple mistakes can result in HMRC imposing penalties and interest.
Meeting Deadlines and Payments
We can track the January return deadline and the July payment on account for you.
Dealing with HMRC Queries
They can also deal with any correspondence with HMRC should they query anything on your behalf and deal with them quickly and accurately.
Getting your return right the first time saves you a lot of money and stress.
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