Self assessment, done and dusted.
The self assessment tax return captures all your income in a tax year and calculates what you owe HMRC. It's required for the self-employed, company directors, landlords, and anyone with income outside PAYE. We prepare yours accurately and file before the deadline.
What's included
- SA100 main tax return preparation
- Self-employment income and expenses (SA103)
- Employment income from multiple sources
- Dividends and investment income
- Property and rental income (SA105)
- Capital gains (SA108, where applicable)
- Pension contributions and gift aid adjustments
- Tax liability calculation and payment on account reminders
- Filing with HMRC before the 31 January deadline
Who it's for
Sole traders and freelancers, limited company directors, individuals with rental income, higher-rate taxpayers with savings or investment income, employees who've received untaxed income, and anyone HMRC has issued a notice to file to.
Frequently asked questions
You must file a self assessment if you're self-employed, a company director, earn over £100,000, have untaxed income above £2,500, are a partner in a partnership, or have certain overseas income. HMRC also issues notices to file - if you've received one, you must file even if you don't think you owe anything.
The online filing deadline is 31 January following the end of the tax year (which runs 6 April to 5 April). Tax owed is also due by 31 January. A second payment on account is due 31 July. Late filing incurs an automatic £100 penalty, with further penalties after 3 and 6 months.
HMRC offers a Time to Pay arrangement if you can't pay by the deadline. It's better to file on time even if you can't pay, as late filing penalties are separate from late payment interest. We'll advise on your options if this situation arises.
If your untaxed income from self-employment or any other source exceeds £1,000 in the tax year (the trading allowance), you'll need to file a self assessment. If it's below that, you may not need to - book a call and we'll confirm.
Ready to get your accounting sorted?
Book a free 30-minute discovery call. No obligation - we'll explain exactly what we'd do for you and what it costs.