SELF ASSESMENT
Stress-free Self-assessment Tax Returns
Filing a Self-Assessment Tax Return can be overwhelming, especially if you’re unfamiliar with tax law, allowable deductions, and HMRC online filing requirements. At Teign Accountancy Services, we take the hassle out of tax returns, ensuring your submission is accurate, compliant, and filed on time.
Every year, thousands of individuals receive HMRC penalties for late or incorrect tax returns. Don’t let that happen to you—let our experts handle the process so you can focus on running your business or managing your finances with peace of mind.
WHO NEEDS TO FILE A SELF-ASSESSMENT TAX RETURN?
You may be required to complete a Self-Assessment Tax Return if you fall into any of the following categories:
Self-Employed Individuals & Sole Traders – If you earn over £1,000 from self-employment, you must report your income and expenses to HMRC. Company Directors – Directors of Limited Companies (unless taxed under PAYE with no other income). Partners in a Business Partnership – Each partner must report their share of profits via Self-Assessment. Landlords & Property Investors – If you receive rental income, even from a single property, you must declare it to HMRC. Individuals with Dividend Income – If you earn dividends above the tax-free dividend allowance, you need to report them. Capital Gains Tax Payers – If you’ve sold an asset (e.g., property, shares, or investments) and made a capital gain, you may need to file a return. Individuals with Untaxed Savings Income – If your savings interest exceeds the personal savings allowance, it must be declared. High Earners Claiming Child Benefit – If your household income exceeds £60,000, you may be subject to the High-Income Child Benefit Charge (HICBC).
If you’re unsure whether you need to file a Self-Assessment Tax Return, our expert accountants can assess your situation and provide tailored advice.
HOW TEIGN ACCOUNTANCY SERVICES CAN HELP YOU
Our Self-Assessment Tax Return Service ensures your tax affairs are managed professionally, helping you meet all HMRC requirements while minimising your tax liability.
Complete Tax Return Preparation & Filing – Ensuring accurate and timely submission to avoid penalties. Tax Relief & Deduction Optimisation – Claiming all allowable expenses, from business costs to travel expenses, reducing your overall tax bill. Capital Gains Tax & Dividend Tax Planning – Helping you manage tax-efficient investments and asset disposals. Rental Income & Property Tax Guidance – Ensuring landlords declare income correctly while maximising deductions.
Compliance with HMRC Rules & Regulations – Ensuring accuracy and avoiding costly mistakes. Support with HMRC Queries & Investigations – If HMRC raises any questions, we provide expert representation and guidance.