Self-Assessments in UKcan strike fear into freelancers, contractors and company directors alike. Once the new tax year starts, it’s only a matter of time before you have to dig out all those old invoices and expenses, dust off those ancient bank statements and tell HMRC how much money you owe them.
For veterans, completing a Self-Assessment tax return in UK is part of the financial furniture. For first-timers, though, it can be daunting. It’s important to know exactly what’s required long before the first time you need to file, as you’ll need to keep certain records and get in touch with your accountant to get certain forms.
To help out first-timers (or just those who need to brush up on their tax return skills) we’ve put together a dead simple 5-step guide to completing your Self-Assessment.
1. Answer a few simple questions
And we mean a few. After a couple of minutes of answering questions online we’ll have everything we need to start preparing your tax return.
2. Get paired with a tax return accountant
That’s right, you’ll be matched with a real accredited accountant who is best suited to prepare your return. Plus, they’re on hand for questions whenever you need.
3. We file your Self Assessment for you
Once you’ve signed off your return, your Account-Ease accountant will submit your return with HMRC for you.