Self Assessment Tax Returns in Hampstead

You typically need to file if you are self-employed, a landlord, a company director, or have untaxed income such as from savings, investments, or foreign income. If you earned more than £1,000 from self-employment or renting out property, you must register for Self Assessment. If you're unsure, our accountants can check your situation and guide you.

Our service covers everything from registering you with HMRC as an agent to preparing and submitting your SA100 return. We calculate your tax liability, identify allowable expenses and reliefs, and ensure your return is accurate and compliant. We also handle any correspondence with HMRC on your behalf and provide proactive tax planning advice throughout the year.

You provide us with your income and expense details, and we handle the rest. We'll prepare your SA100, review it for accuracy, and submit it electronically to HMRC. We'll also calculate your tax bill and let you know exactly what you owe and when. You'll receive a copy of your return for your records, and we'll keep you updated on any changes.

You'll need to provide documents such as your P60 or P45 from employment, bank statements, records of any self-employment income and expenses, rental income and costs, dividend vouchers, and details of any other income. If you're unsure what's relevant, we'll send you a checklist. Our goal is to make the process as easy as possible for you.

To act on your behalf, we must be registered with HMRC as your agent. This involves completing a form 64-8 or registering online through your HMRC account. Once we're registered, we can correspond with HMRC about your tax affairs and submit your returns. We handle this process for you, ensuring all authorisations are in place.

Missing the deadline can result in automatic late-filing penalties, which increase over time. If you've missed the deadline, contact us immediately. We can help you submit your return as soon as possible and potentially appeal against penalties if you have a reasonable excuse. However, the best way to avoid penalties is to let us manage your filing well in advance.

We offer transparent fixed-fee packages with no hidden costs, so you know exactly what you'll pay upfront. The 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'll provide a clear quote before you commit, ensuring there are no surprises.