There has been a significant spike in the number of self-employed individuals over the past few years. There has also been a rise in the number of people working through limited companies.
If you are self-employed, you need to let HMRC know by registering for Self Assessment with them. This can be done online or over the phone. You will then need to submit personal tax returns ("Self Assessment" returns) declaring your earnings for each tax year. You will pay any outstanding taxes before 31 January for the previous tax year.
We can assist you with advice about your return and with the return itself. Our process is simple, quick and very competitively-priced. We also quote in advance of the work so that you don’t get any unwelcome surprises once your return is done. We lodge all of our returns electronically as it is quicker and more secure.
Prices for returns start from £120 + VAT, depending on the type and number of income streams you have. Penalties for late returns start at £100.