Sole Traders and Self-Employed
Prepare your business Final Accounts and your personal Tax Return in good time. Although you have up to the 31 January to submit your Tax Return on line it is important that you do not wait for the last minute to finalise your tax affairs and contact your accountant. Of course if you are already a client we will keep you informed of all important dates and provide you with the relevant information you need to meet HM Revenue & Customs (HMRC) requirements and minimise your tax liabilities.
Although we are happy to prepare your final accounts from receipts and bank statements it is much more efficient and cost effective for you to keep a record of your income and outgoings. This could be a simple spreadsheet prepared on a regular basis. This will make it easier for us to compile your final accounts and answer any questions from HM Revenue & Customs about a return you’ve already completed.
How can Best Choice Accountancy help?
- We will always explain how your tax is arrived at and ensure that you are satisfied that you are paying the correct amount of tax.
- Where a tax rebate is due we will always notify the amount to you and chase the repayment with HM Revenue and Customs.