The personal tax system is becoming more and more complex and many taxpayers struggle to understand the complex tax returns process. There are many changes to tax legislation which means that the returns process is becoming more difficult to understand and taxpayers risk incurring more penalties through failing to complete their returns on time or correctly. For example, the small error of submitting a late Self-Assessment return can subject a taxpayer to late payment penalties that can quickly snowball.
At Tax4Today, we can save you a lot of time, worry, and money by handling your Self-Assessment tax return for you. We will do all the necessary computations, complete your return, and even offer advice on how you can minimise your tax liability. We can act as your agent, dealing directly with the HMRC on your behalf and, should you be selected for a Self-Assessment enquiry, act for you at any meetings.
We are also closely following the introduction of Making Tax Digital (MTD) which will make many changes to the way businesses, the self-employed and landlords interact with HMRC. The new system is expected to be fully in place by 2020 and will require the self-employed to upload quarterly, summarised accounting data to HMRC. We are already talking to clients and helping them prepare for this change.
If you need help with your Self Assessment please call us on 0330 053 7042 in the office.