Self Assessment
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Trust Barnstone Accountancy in Leicester for expert tax return assistance. With over a decade of experience, we simplify the process, freeing up your time.
Why choose Barnstone Accountancy as your tax return accountant in Leicester
Completing your Self-Assessment paperwork can be a daunting prospect, especially if you’re completing it for the first time. In order to make things easy for you, Barnstone can help you to register with HMRC for Self-Assessment, assist in preparing all of the necessary information, set up your Government Gateway account, complete all mandatory and supplementary pages - we’ll even submit the return to HMRC on your behalf.
Do I need to complete a Self Assessment tax return?
If you are receiving income that is not taxed at source, it is likely that you will need to complete a Self Assessment Tax Return. It is called Self Assessment as it is your responsibility to work out how much tax you need to pay. This will need to be completed every year to show HM Revenue & Customs (HMRC) what your taxable income is.
HMRC require you to submit a Self Assessment tax return if, within the last tax year you were:
self-employed and earned more than £1,000 (before expenses)
a partner in a business partnership
a director of a Company.
You may also be required to submit a Self Assessment tax return if you received any other untaxed income - for example, money from renting out a property, tips and commission, income from savings, investments & dividends or pension income.*
*Please be aware: There are other scenarios where HMRC may require you to submit a Self Assessment tax return.
Barnstone Accountancy is here for anyone looking for a trusted tax advising service in Leicester. We have over ten years of experience with providing expert support with filing tax returns and can help you free up time to focus on the things that matter to you and your business.
