Each year, you will need to submit a Self-Assessment Tax Return, whether you’re a sole trader or director of a business. At Gondal Accountancy, we’re offering to take the weight off your shoulders. We will ensure that your tax returns are completed and submitted within the deadline. We also help such as administering PAYE, National Insurance, and statutory sick pay.
HMRC collects income tax automatically from wages, pensions, and savings. However, if you have another source of income then you must report it in the form of a Self-Assessment Tax Return.
Whether you’re a sole trader, a charity or small business, we can help you handle your taxes, self-assessment and support you with any financial complications. Contact our Self Assessment Accountant in Birmingham.
Nowadays, there are many people who call themselves accountants without having the necessary qualifications. However, at Gondal Accountancy, we are ACCA qualified in the UK. We are also certified partners with small business accounting software like Xero, QuickBooks and FreeAgent.
If you have completed a paper return, it must reach HMRC by October 31st and if you have done it online, it must be submitted by 31st January. A £100 fine is automatically given if you do not file the return in time. The longer you delay the return, the more you will be fined.
Yes, we can help you with all that and much more. Our specialist accountants are qualified to help you with all your accounting needs as well as giving you advice on all your financial requirements.
You will most likely receive a fine that you will have to pay on top of any tax you have due if it is discovered that you have not declared all your income.
The simplest way to do this is monthly direct debit. We can arrange for you to complete the necessary forms to set this up.
The tax year is from 6th April to 5th April each year.