The 2023/24 self-assessment tax return filing deadline is the 31st January
Every limited company director and shareholder must complete a self-assessment tax return. It can be time-consuming and sometimes stressful, especially if left to the last minute or it is your first time completing a tax return. Completing a self-assessment tax return involves reporting your personal earnings for the relevant tax year (including dividends) and filing your return by the 31st January 2025 deadline. Missing the deadline will land you an instant £100 late penalty and further penalties the longer you wait to file, so don’t delay and file your tax return as soon as possible.
Our specialist self-assessment tax return team, who have completed over 25,000 Personal Tax Returns since 1998, is here to take the stress and worry off your shoulders. We handle everything for you, from completing the forms and calculating your tax liability or tax refund to verifying all the information with you before submitting your Personal Tax Return to HMRC on time. This leaves you free to focus on the more important things in life, knowing that your tax return is in safe hands.
Do you need to submit a self-assessment tax return?
You are required to complete and submit a self-assessment tax return for the last tax year (6th April to 5th April) if any of the following apply:
- You were self-employed as a sole trader and earned more than £1,000 (before deducting anything you can claim tax relief on)
- You had a total taxable income of £150,000 or more
- You are the Director of a limited company and get paid via dividends
- You had to pay the High Income Child Benefit Charge
- You had to pay Capital Gains Tax when you ‘disposed of’ or sold something that increased in value
- You receive money from renting out a property
- You get tips or commission
- You receive income from dividends, savings or investments
- You receive foreign income
- You receive any other untaxed income specified by HMRC
If you are unsure whether you need to file a self-assessment tax return, you can use the government’s online tool to check if you need to send a tax return.
Looking for a professional accountant to complete your tax return? Look no further!
As a firm of expert accounts, we have saved our clients many hours of stress and confusion and hundreds of pounds in HMRC penalties they could have otherwise incurred for filing inaccurately or late. When you appoint Churchill Knight & Associates Ltd to complete and file your tax return, you’ll benefit from the following:
- Expert accountants will complete and file your tax return to HMRC on your behalf
- We guarantee to complete and submit your tax return lawfully, accurately and on time
- You’ll receive continuous help, support and advice from our team
- We will advise you of your tax liability or if you are due a tax refund
- Our team can advise you on ways to legally reduce your tax liability
Contact our expert team today for a free consultation for a 2023/24 tax return
If you are interested in Churchill Knight & Associates Ltd’s self-assessment tax return service or would like to arrange a free consultation to discuss your circumstances, please call our expert team on 01707 871622. You can also request a call at a time that suits you, and a team member will contact you to discuss the service with you.
Our dedicated self-assessment tax department processes thousands of tax returns for UK taxpayers every year. If you need to submit a self-assessment, contact us today for a competitive quotation or call our friendly sales team on 01707 871622.
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