Self Assessment Tax Returns in Fareham

You typically need to file a Self Assessment Tax Return if you are self-employed, a sole trader, a landlord with rental income, or have untaxed income such as dividends, savings interest, or foreign income. If you earn over £1,000 from self-employment or have a tax liability not covered by PAYE, you must register for Self Assessment. Our accountants can help you determine your obligations.

Our service includes a full review of your income and expenses, preparation of your SA100 return, calculation of your tax liability, and submission to HMRC. We also identify allowable expenses and reliefs to minimise your tax bill, and we handle all correspondence with HMRC on your behalf. You receive a clear breakdown of your tax position and any payments due.

First, you provide us with your income details, such as P60s, P11Ds, bank interest statements, and records of any self-employment or rental income. We then prepare your SA100 return, ensuring all figures are accurate and complete. We calculate your tax liability, claim all eligible reliefs, and submit the return electronically to HMRC before the deadline. We keep you informed throughout the process.

You'll need to provide documents such as your P60 or P45, any P11D for benefits in kind, bank statements showing interest, dividend vouchers, and records of self-employment income and expenses. For rental income, we'll need details of rent received and allowable expenses. If you have foreign income, we'll need relevant statements and any foreign tax paid documentation.

When you engage us, you authorise us to act as your agent with HMRC. We handle the registration process, which involves linking your tax records to our account. This allows us to file your Self Assessment Tax Return, correspond with HMRC, and manage your tax affairs on your behalf. We ensure all authorisation steps are completed securely and efficiently.

If you miss the deadline, HMRC will issue an automatic £100 penalty, and further penalties apply if you delay longer. We help you avoid this by reminding you of deadlines and submitting your return well in advance. If you have already missed a deadline, we can still file your return promptly and help you minimise any penalties by explaining your situation to HMRC.

We offer transparent fixed-fee packages with no hidden costs. The exact fee depends on the complexity of your tax affairs, such as the number of income sources and whether you have capital gains or foreign income. We provide a clear quote upfront, so you know exactly what you'll pay before we start. This ensures there are no surprises.

Absolutely. Our accountants provide proactive tax planning advice throughout the year, not just at filing time. We help you structure your finances to minimise your tax liability legally, identify reliefs and allowances you may have missed, and plan for future tax changes such as Making Tax Digital. This ensures you are always in control of your tax position.