Self Assessment
Services
Self Assessment
HMRC will not be able to advise you on how to organise your affairs and minimise your tax liability. Therefore, if you want to make sure you are paying the right amount of tax, you should consult a professional.
JMC & Associates Ltd can complete your self-assessment and submit the form online as well as preparing any bookkeeping records or annual accounts necessary to facilitate the completion of the self-assessment.
This can be computerised, spreadsheets, a cashbook or a bag of receipts. We can advise you on how to strengthen your record keeping procedures, which in turn will help you run your business more effectively.
It goes without saying that your accounts will be prepared in accordance with accounting standards and we will check that you are claiming everything you are entitled to.
Whether you are a sole trader, partnership or limited company, letting us prepare your year-end accounts will relieve you of what can be an extremely stressful and time-consuming exercise.
The most common reasons that a tax return may be required are as follows:
- You are self-employed or a partner in a partnership
- You are a company director
- You have large amounts of savings or investment income
- You have untaxed savings or investment income
- You own land or property that you are renting
- You have income from overseas
- You have sold or given an asset away (such as a holiday home or some shares)
- You’ve lived or worked abroad or aren’t domiciled in the UK
At JMC & Associates Ltd we use HM Revenue & Customs-approved software to:
- Complete your tax return
- Calculate your tax liability
- File the return online
- Liaise with you on the amounts to be paid and when they are due
As part of the above service, we can analyse your self-assessment tax return to see if any tax savings can be made and we can also review the form to see if there are any anomalies that need to be addressed before the return is submitted.
This process helps to minimise your risk of a HM Revenue and Customs inquiry into your tax affairs. If you are experiencing cash flow problems, we can explore the possibilities of deferring your tax payments or negotiating a payment plan with HM Revenue and Customs on your behalf.