DIY Self-assessment?

Well, we would not advise this but if you do decide you’d rather save some money and do your self-assessment on your own then please check the following:

  • Ensure you include all income sources.
  • Check for capital gains (if you don’t know what this is then hmm get an accountant! – We won’t be mean, give us a call we may be able to offer some free advice – maybe!).
  • Bear in mind that you need to make payment for future earnings – HMRC knows how you spend ha!
  • Make sure you report losses.
  • A brilliant way to do 2 things at once, save on tax and save for the future – Pension Contributions.
  • Are you a tithers or do you make Charitable donations? Call up and get total amount you donated if unsure.
  • What other investments have you made that you could gain tax relief from?
  • Are you moving from self-employed to employed, you could have your tax collected through future PAYE instead…
  • Are you a high income earner? Ensure you tick section on child benefit, pay now or at an inconvenient time.
  • Lastly ensure you get a Confirmation reference!

We have listed some very, very basic suggestions, in reality everyone’s circumstances is different, so to ensure you get this right, use a trustworthy accountant who has an interest in your personal and financial growth plans.

Here comes the plug; For less than £10 a month, you could have us complete your self-assessment for you and ensure that you are complaint and tax efficient. Give us a call today on 0203 916 5108.

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