Self Assessment Income Tax
Whether you are self employed or are required to submit a tax return because you receive other income, income tax remains an extremely complex area.
We have seen a dramatic shift in recent years with the introduction of mandatory electronic filing of tax returns. Whilst we have made good use of this technology since its introduction some years ago, the Government continues to encourage individuals to “have a stab at it” themselves.
A significant amount of our personal tax work arises because of mistakes made by taxpayers when submitting their own tax returns online. Errors usually come to light when an unexpected tax demand arrives, or worse still, a penalty notice.
Our highly experienced personal tax department have built up a thorough understanding of the UK tax system and this knowledge must be updated regularly to keep up with the continually changing world of personal tax.
With the inevitable increase in the amount of tax that needs to be collected in the coming years our clients look to us to ensure that they pay the right amount of tax and not a penny more.
With new, higher rates of personal tax and the phasing out of personal allowances for high earners we are constantly advising clients on efficient tax mitigation strategies.
