All self-employed people need to submit a self-assessment tax return, but it’s also required of many others who may not even realise it – for example if you rent out a private property or receive an income from shares, or any other income which is not covered by your PAYE tax slip.
For more information on who needs to fill in a self-assessment form, click here.
The legislation surrounding self-assessment frequently changes and it’s often hard to keep up with the latest requirements. That’s where we can help. We can advise on completing self-assessment forms and handle to submission for you (it’s important that your return is submitted by the due date to avoid penalty payments). Our tax experts can also advise on tax mitigation strategies suited to your own personal circumstances, so you can rest assured you pay all of the tax you are legally obliged to, and no more.
For more information on our self-assessment services, contact info@nealandco.co.uk
Neal & Co has its roots firmly in the black country and was established more than half a century ago by ‘local boy’ Sidney Neal.