A Self Assessments is a compulsory tax return issued by HM Revenue & Customs after the end of the tax year i.e. 5th April. This return is a declaration of your earnings throughout the financial year and must be submitted by the 31st January the following year.

Self-Assessment is most likely to apply to you if you are:

• Director of the limited company
• A higher income earner
• Self Employed
• Working through Construction Industry Scheme
• Receive income from land or property
• Trustee
• Minister of religion
• Receive taxable foreign income

At Muftal’s we understand that completing a tax return can be stressful.

Many people find it complicated and time-consuming to file there on tax returns so it’s no wonder that almost 1 million people a year are fined for failing to return it to HM Revenue & Customs. According to HM Revenue & Customs one in four tax returns are calculated incorrectly.

The constant stream of changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or accurately.

We can save you a lot of time, worry, and money by handling your self assessment for you. We will do all the necessary computations, complete your return, and even offer advice on how you can minimise your tax liability.

We can act as your agent, dealing directly with HM Revenue & Customs on your behalf and, should you be selected for a self-assessment enquiry, act for you at any meetings.

We will provide following services:

• Registering you for self-assessments with HMRC
• Initial planning and data compilation
• Preparation of computation
• Submission of tax returns
• Advising you on tax allowance & tax planning opportunities  that could reduce your tax payments
• Keeping your accounts in order and helping you to prepare for HMRC inspections.

Muftals Accountancy prices starting at just £100 + VAT, Please contact us for more details.