Self Assessment
Self-assessment can be a complicated and time-consuming task, especially for those who are self-employed or have additional sources of income. At King Consultants Accountancy, we take the stress out of the process by offering expert self-assessment services across London and East Anglia, helping ensure that your tax return is accurate, timely, and compliant with HMRC regulations.
Our Self Assessment Services Include:
Tax Return Preparation: We take the time to understand your financial situation, gathering the necessary information to prepare and file your self-assessment tax return. Whether you have income from employment, self-employment, property, or investments, we review the relevant records. These may include employment statements, business income and expense records, rental statements and investment income details.
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Guidance on Deadlines and HMRC Payments:
Missing a self-assessment deadline can result in costly penalties. Our accountants help you submit your return on time, provided we receive your complete records in good time. We provide guidance on filing and payment deadlines, including payments on account where applicable.
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Self-Employed Tax Deductions:
Self-employed individuals can benefit from a range of tax deductions, from business expenses to home office costs. We work with you to identify and claim all relevant deductions, reducing your overall tax bill.
Capital Gains and Property Tax Reporting:
If you’ve sold a property or other assets during the year, you may need to report capital gains as part of your self-assessment. We help you calculate your gains and explore any reliefs that may reduce your liability. Some UK residential property disposals also have separate reporting and payment deadlines.
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Registration and HMRC Assistance:
New to self-assessment? We assist with registering for self-assessment, ensuring you’re properly set up with HMRC and understand the process moving forward.
Our self-assessment services are designed to simplify the tax process, giving you peace of mind that your finances are in safe hands. Contact us to discuss your income sources, any upcoming deadlines and the relevant fees.