Business Self Assessment Tax Return
Sole Traders and Partnerships are obliged to pay income tax on their profits every accounting year.
We can help you with the bookkeeping and accounts during the year or just receive paperwork at the end of your accounting year to prepare the accounts and file the tax return for you.
Please also contact us, if you are doing your own bookkeeping and would like a professional accountant to work out your tax liability as well as to complete and file the tax return.
Supporting schedules are also prepared which detail how the figures shown in the Tax Return have been arrived at and copies of these are then sent to you for your own records.
Your tax and any National Insurance liability will be calculated and we then advise you of the amount and date of your payment and possible payments on account.
We will also deal with any other sources of income for you and declare them on the tax return.
There are interest penalties on unpaid tax and fines for filing your tax late.