If you operate as a sole trader, a business partnership, a landlord, or receive income that is not taxed at source, we can manage your year-end accounts and Self Assessment tax returns in their entirety.

We provide comprehensive support throughout the Self-Assessment process, including:

• Registration for Self-Assessment, where required

• Collection and review of relevant financial information

• Preparation of financial statements

• Preparation of accurate and compliant tax returns

• Identification of available reliefs and allowances

• Clear advice regarding tax liabilities and payment deadlines

• Timely electronic submission to HMRC

Our objective is to ensure that your tax affairs are managed efficiently, accurately, and in full compliance with HMRC requirements, providing clarity and peace of mind.

Individuals who receive a formal notice from HM Revenue & Customs (HMRC) to submit a Self-Assessment Tax Return, or who meet HMRC’s Self-Assessment criteria for any tax year ended 5 April, are legally required to file a return for that year.

A Self-Assessment return may be required in a number of circumstances, including (but not limited to):

• Income from self-employment or partnership activities

• Rental income from UK or overseas property

• Dividend, investment, or foreign income not fully taxed at source

• Capital gains arising on the disposal of property, shares, or other chargeable assets

• Liability to the High Income Child Benefit Charge

• Income exceeding prescribed thresholds

• Complex tax affairs not fully addressed through PAYE

The Self-Assessment process calculates the individual’s total income tax and National Insurance contributions liability for the tax year. The calculation may also include payments on account, which are advance payments towards the following tax year’s liability, where applicable.

Any tax due for the relevant tax year, together with the first payment on account for the subsequent tax year, is payable by 31 January following the end of the tax year. Where payments on account apply, a second instalment is due by 31 July.

Failure to submit a return or make payment by the statutory deadlines may result in automatic penalties and the accrual of interest. We ensure that returns are prepared accurately, submitted on time, and that clients are fully informed of their payment obligations in advance of each deadline.

Making Tax Digital for Income Tax (MTD IT)

From April 2026, Making Tax Digital for Income Tax (MTD IT) introduces new requirements for digital record-keeping and reporting for self-employed individuals and landlords. Those with a combined gross annual income from self-employment and land and property exceeding £50,000 in the 2024/25 tax year are required to comply with MTD IT from April 2026, with the threshold decreasing to £30,000 from April 2027 and £20,000 from April 2028. MTD applies to the first accounting period starting on or after 6 April. If your combined gross income from self-employment and property exceeds the relevant threshold, we will ensure you remain fully compliant with the updated regulations by:

• Providing assistance in choosing suitable MTD-compatible software to manage digital records

• Entering and storing data electronically within the MTD-compatible software.

• Submitting quarterly updates to HMRC.

• Filing an End of Period Statement (EOPS) and a Final Declaration to confirm annual income and tax obligations.