Self Assessment Tax Returns

self assessment tax returns

The start of a new year is the perfect time to plan the year ahead, putting into action those new year resolutions.

However, January 31st is also the deadline for Self Assessment Tax Returns.

This means that January is a time that many self-employed people dread, putting a dampener on the New Year buzz.

Self assessment tax returns inevitably take much longer than you initially anticipated, no matter how closely you kept a record of your income and expenditure throughout the year. When you sit down to the task of calculating what you owe or even how much you are owed, it’s very easy to become overwhelmed.

If you, like most people would rather focus on developing your business than slaving over tax returns, employing someone to manage your tax return is a smart move.  Self-assessment involves lots of form filling and it’s vital that you know what your tax allowances are so you pay exactly the right amount of tax. There are constant changes to tax legislation which means that returns are becoming very difficult to understand and the risk of incurring penalties for incorrect submissions is rife.

To ensure that January 2020 is one to look forward to, get in touch with the experts at K.A.Farr & Co. Our specialist tax experts can give you practical advice on your own personal tax position.

Our services include Personal tax planning which ensures you have the documentation and information you need. We will complete your tax return on time and calculate your tax liability accurately. We can advise you on exactly when to make payments and how much to pay.

We can also help you plan your tax, including managing the timing of both income and expenditure which could save you hundreds, possibly thousands, of pounds in tax every year. With dedicated, professional taxation advice and support, we can provide you with year-round advice on all aspects of personal taxation.

If you’re currently suffering from tax return regret, contact us at K.A.Farr & Co. to ensure that your next Self-Assessment is stress-free. We will complete your self-assessment for you, making sure it’s all correct and submitted on time.

We take away the stress and worry, leaving you assured that you are in safe hands.

call us on 01704 211434 or email info@kafarr.co.uk