Questions? Answered.

You need to file a self assessment tax return if HMRC has asked you to, or if your income isn’t fully dealt with through PAYE. Common reasons:

• You’re self-employed or a sole trader earning more than £1,000 a year (before expenses).

• You’re a partner in a partnership.

• You have rental income.

• You receive significant dividends or investment income.

• Your total income is over £100,000.

• You have untaxed income (tips, online income, side gigs, crypto, etc).

If you’re unsure, we’ll review your situation and tell you if a self assessment tax return is needed.

It depends how organised your records are and how complex your situation is, but in simple cases:

• If you have everything ready and respond quickly to queries, we can usually prepare and submit your tax return within a few days.
• In urgent, last-minute cases, we can often turn it around faster, as long as you give us the information we need.

We’ll agree realistic timescales with you up front.

If you miss the online filing deadline:

• HMRC will normally charge a £100 late filing penalty straight away.
• Further penalties and interest can build up if your return is more than 3, 6 or 12 months late, and if tax is unpaid.

Even if you’ve missed the 31 January deadline, it’s better to get the self assessment tax return filed as soon as possible. We can help limit extra penalties and put things back on track.

That’s fine. We will:

1. Confirm if you actually need to register.
2. Help you register for self assessment with HMRC.
3. Explain what information we need from you.
4. Prepare and file your first tax return and explain the numbers in plain English.

You don’t need to know the jargon or HMRC forms – you just need to give us the information and we’ll handle the process.