Self Assessment Tax Returns in Budleigh Salterton

You need to file if you are self-employed, a sole trader, a landlord with rental income, a company director, or if you have untaxed income such as dividends, interest, or foreign income. If you earn over £1,000 from self-employment or have other income not taxed at source, you must register for Self Assessment and file an SA100 return. Our accountants can help you determine your filing requirement.

Our service includes a comprehensive review of your income and expenses, preparation of your SA100 return, calculation of your tax liability, and submission to HMRC. We also act as your agent, handle all HMRC correspondence, and provide tax planning advice to minimise your liability. We ensure you claim all allowable expenses and reliefs, and we file well before the deadline.

First, you provide us with your financial details and relevant documents, such as P60s, P45s, bank statements, and records of expenses. We then prepare your SA100 return, calculate your tax, and send it to you for approval. Once you approve, we submit it electronically to HMRC and provide you with a copy. We also calculate any tax due and advise on payment deadlines.

You'll need to provide proof of income, such as P60s, P45s, or self-employment records, and details of any taxable benefits, dividends, or rental income. You should also keep receipts for allowable expenses like office costs, travel, and equipment. If you have foreign income, you'll need relevant statements. Our accountants will guide you on exactly what we need.

Once you engage us, we'll ask you to authorise us as your agent with HMRC. This involves completing a form 64-8 or doing it online. After registration, we can deal with HMRC on your behalf, including submitting your SA100 and responding to any queries. This saves you time and ensures professional handling of your tax affairs.

If you miss the 31st January deadline, HMRC will issue an automatic £100 penalty, and further penalties apply if you delay longer. To avoid this, SATR ensures your return is submitted well in advance. If you have already missed a deadline, we can help you file as soon as possible and minimise any penalties by explaining your circumstances to HMRC.

We offer a transparent fixed-fee service with no hidden costs. The exact fee depends on the complexity of your tax affairs, such as the number of income streams and the level of record-keeping required. We'll provide a clear quote upfront, so you know exactly what you'll pay before we start. There are no surprises.