A dedicated accountant to manage your self assessment tax returns matters
Unlimited support and advice from your dedicated accountant
Access to a secured client portal to upload your documents
Act as your tax agent to deal with HMRC on your behalf
Self Assessment
HMRC self-assessment can be stressful when you have no idea how to handle it, this is why you need to speak to our experienced self assessment accountants who we will provide unlimited support and advice. Our accountants will file your tax returns in time, which will help you know your tax liabilities in time. Knowing your taxes in time avoids cashflow problems.
Our team takes the responsibilities of your tax returns filing as their burden, they will send you reminders to help you avoid tax returns deadline and any possibility of penalties.
Speak to our team to find out how we can help you with your HMRC self assessment tax returns matters.
What to expect from us
Frequently Asked Questions
You must send a tax returns if, in the last tax year (6 April to 5 April), any of the following
applied:
you were self-employed as a ‘sole trader’ and earned more than £1,000 (before taking off
anything you can claim tax relief on)
you were a partner in a business partnership
you had a total taxable income of more than £100,000
you had to pay the High Income Child Benefit Charge, this happens when your income
exceeded £50,000 whilst you were claiming child benefits.
You may also need to send a tax return if you have any untaxed income, such as:
money from renting out a property, tips and commission, interest earned from savings,
investments, dividends and foreign income.
You need to submit your tax returns after the end of each tax year 6th April to 5th April, however the deadline for submission is 31st January after the tax year
P45, P60 and P11D forms if you are employed.
Consolidated Tax Certificate
Records of your business expenses
Records of your self employment income
Dividends
Charitable donations
Pensions received
Foreign Income
If you do miss the deadline, be sure to file your return as soon as possible, as the penalties
will increase if you don't address the penalties. HMRC will charge interest on the penalties
as well.
For filing up to 3 months late, the initial fine is £100. You’ll be charged this even if there’s no
tax to pay, or if you pay your tax on time.
After 3 months you could face additional penalties of £10 per day, up to a maximum of £900.
After 6 months, this increases to a further penalty of 5% of the tax due or £300 – whichever
is greater.
After 12 months, you’ll be charged another 5% or £300 penalty on top of this
Payments on accounts are advance payments towards your tax bill
You have to make 2 payments on account every year unless:
your last Self Assessment tax bill was less than £1,000
Each payment is half your previous year’s tax bill. Payments are usually due by midnight on 31 January and 31 July.
If you still have tax to pay after you’ve made your payments on account, you must make a
‘balancing payment’ by midnight on 31 January next year
Freelancers
Startup
Sole traders
Plumbers
Dentists
Doctors
Electricians
Contractors
Locum Professionals
Content Creators
Filing your tax return can be a complicated process, but it’s important to get it right.
Our accountants are available to answer all your queries, therefore making the whole journey of filing tax returns stress free and taking off any burden.
We provide secured client portal which you can use to send and share documents to us.
Our client portal helps you to get organized with your record keeping. You have
access to the client portal all the time therefore you can upload documents at
anytime.
Speak to our team about access to our free bookkeeping software if you are a sole
trader.
Seeking to escape subpar services elsewhere? Cangaf guarantees high-quality work and prioritizes your satisfaction.
