Our services
Self Assessment
What is Self Assessment?
You need to tell HMRC about your taxable income and gains for a tax year by completing a Self Assessment tax return.
Part of the process is to work out and pay what you owe.
Situations where you may need to submit a Self Assessment
You are self-employed (unless this income is within the annual £1,000 trading allowance.
You are a partner in a business.
You are a company director and have income on which tax is due that is not taxed under Pay As You Earn (PAYE).
You have property income – for example, you are renting out a room, a garage or a whole property to someone else (unless this income qualifies for rent-a-room relief or is within the annual £1,000 property allowance).
You want to claim tax relief on employment expenses.
You have to pay a tax charge on your child benefit, known as the high income child benefit charge.
You have untaxed savings income.
You have capital gains tax to pay which hasn’t already been paid in-year.
How we can help
We can help you with:
Tax computations
Completion and submission of tax returns
National Insurance Contributions
Dealing with HMRC full and aspect enquires
Detailed reviews of current or pre-tax returns
Valuations for tax purposes
Minimizing Penalties
Reductions in personal ta
Why choose LNS Accountancy for your self assessment?
The UK tax system can be difficult to navigate and ever changing, meaning even the most straightforward tax return can be complicated.
There are various deadlines and responsibilities for taxpayers to be aware of.
We keep up to date with all of the latest tax changes and regulations, We will ensure that your tax return is filed on time and that you are aware of any payments due and corresponding deadlines.
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