Clear support, focused on your needs.
We will discuss your sources of income and relevant information, prepare the return based on the records provided and highlight anything requiring your attention before submission.
How we can help
- 01
Preparing Self Assessment tax returns
- 02
Identifying the information needed
- 03
Explaining the return before submission
- 04
Helping you understand relevant filing and payment deadlines
Who may need a return
Self Assessment is the route by which many people report income and other tax information to HMRC. A return can be relevant for reasons beyond working as a sole trader; the position depends on your sources of income and circumstances. We can discuss whether a return is required, the period it covers and the information it needs to contain. Do not assume that receiving no reminder means there is no obligation to check your position.
Pulling the information together
Depending on your circumstances, useful documents may include employment or pension details, records of self-employment income and expenses, bank interest, property income, investment information and details of tax already deducted. Previous returns and HMRC correspondence can help establish the starting point. Not every item applies to everyone. Tell us about changes during the year, including a new income source or a business ending, so the return reflects the whole picture.
Before you submit
Preparing a return involves more than copying totals into boxes. Figures should be supported by records, and areas that are uncertain should be discussed rather than silently estimated. We can explain the return and the resulting calculation so you know what is being reported. A tax payment can include amounts relating to different periods or payment arrangements, so ask if the figure or timing is unclear. Keep copies of the underlying records and the final submission.
Leave room for questions
Registration, filing and payment obligations have their own rules and dates; the correct timetable depends on your situation. Begin gathering information before the deadline, particularly if you are waiting for documents from another source. If you have missed a deadline or received an HMRC letter, bring that up promptly rather than waiting for the next return. Tax rules and rates can change, so general information on this page should not replace advice about your own return.
Tax and reporting rules can change. This page offers general information, not advice specific to your circumstances.
A common question
That depends on your circumstances. You may need income, expense and tax-deducted information, along with details of other relevant transactions. We will tell you what is needed for your return.
Self Assessment across Tyneside
We prepare Self Assessment returns for self-employed people, landlords, company directors and pensioners across Gateshead, Newcastle and Tyneside. If January is approaching and the paperwork is still in a drawer, get in touch early and we can work through it together.
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