Self Assessment Taxation Return – Sole Trader, Partnerships,
Company Directors, 40% Tax Payers
, Manchester

Self Assessment Taxation Return – Sole Trader, Partnerships, Company Directors, 40% Tax PayersSelf Assessment is an individual's taxation return. It must be completed by all self-employed people (i.e. sole trader, partnerships), company directors and 40% tax payers. It is your responsibility to inform the Inland Revenue if you owe tax. Failure can lead to fines, penalties and interest.

Completing Self Assessment Documentation

A Standard Self Assessment form is 10 to 20 pages or more. Attempting to complete it with inadequate experience can lead to costly mistakes, extra tax liability, refusal of claim allowances, and even the possibility of investigation.

The form will include all income from interest, share dividends and trade income under PAYE. The Self Assessment + Service includes your basic plus trade profit calculation and would be both calculated and incorporated into the tax return. This should be done by a Self Assessment professional, not an amateur.


Self Assessment – Save Time & Stress

Keeping records requires a disciplined approach and can be very time consuming. Preparing your own accounts is usually a very daunting process. Delegating bookkeeping to a third party removes this stress, saves you valuable time and enables easier compliance with the requirements of the Inland Revenue.