Accountancy Services for Individuals

Many people are required by HMRC to complete an annual self-assessment.

If you are self-employed, a company director, receive rental income or have income from savings and investments of more than £10,000 you may need to complete a self-assessment tax return.

The government are implementing changes to the self-assessment system, replacing it with a quarterly digital submission (Making Tax Digital). This is due to come into force in April 2018.

For either the current self-assessment, or the new MTD, we can help you pull together the information you require and submit on your behalf.

We are experienced accountants in Keyworth and Kegworth. As a small team we offer a professional and personal service. Our aim is to make your annual self-assessment as stress free as possible. We also offer services for limited companies and sole traders. 

You’ll need to send a tax return if, in the last tax year:

  • you were self-employed
  • you have £2,500 or more in untaxed income, for example from tips or renting out a property
  • your income from savings or investments was £10,000 or more before tax
  • your income from dividends from shares was £10,000 or more before tax
  • you made profits from selling things like shares, a second home or other chargeable assets and need to pay Capital Gains Tax
  • you were a company director – unless it was for a non-profit organisation (such as a charity) and you didn’t get any pay or benefits, like a company car
  • your income (or your partner’s) was over £50,000 and one of you claimed Child Benefit
  • you had income from abroad that you needed to pay tax on
  • you lived abroad and had a UK income
  • your income was over £100,000
  • you were a trustee of a trust or registered pension scheme
  • you had a P800 from HMRC saying you didn’t pay enough tax last year – and you didn’t pay what you owe through your tax code or with a voluntary payment

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We are a small team of Accountants in Keyworth and Kegworth that understands the stress of tax forms.

Would like to find out more about how we can help you with your tax return? Simply fill out the enquiry form and we’ll get back to you.

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