Struggling with your Self Assessment tax return? Let Every Penny Accounts take the stress off your plate. We offer our skills and experience as expert accountants to manage this essential task. With years of experience working with a wide range of businesses and professionals across various industries, we are your one-stop shop for reliable accounting services. Get in touch with our team today for more information.
You want a simple way to stay compliant without losing hours to paperwork or confusing guidance. At Every Penny Accounts, we step in to handle everything for you, preparing your return with clarity and accuracy so you avoid mistakes that could increase your tax liability. Our team of expert accountants reviews every detail, from your earnings to your bank statements, and ensures your figures are ready for submission well ahead of the deadline.
Working with us gives you confidence that your tax return correctly reflects your full financial picture. We help you understand how much tax you owe and check your allowances, expenses, and reliefs so you maximise your savings. With us managing the process, you free up valuable time to focus on your business while staying compliant and prepared.
Not everyone is required to submit a self-assessment tax return, but if you are self-employed, earn income from rental properties, or receive dividends, you may be required to file one. Understanding whether you need to submit a return is critical in avoiding fines from HMRC. Our team is here to guide you through the process and ensure you meet all your tax obligations. If you have any questions, or you’re unsure if you are required to pay tax on your income, get in touch with our team now and we can provide you with advice and guidance.
When completing a self-assessment tax return, the first step is identifying your taxable income. This includes not only your earnings from self-employment but also other income sources such as rental income, dividends, pensions, and interest on savings. Even certain benefits and freelance side jobs may need to be included. It’s essential to accurately report all sources to ensure your tax calculation is correct. At Every Penny Accounts, we help clients review their income streams and advise on what needs to be included in their return, giving you confidence that nothing has been overlooked. Properly assessing your taxable income can help prevent mistakes and avoid unnecessary scrutiny from HMRC.
Completing an online tax return can feel overwhelming when you’re unsure what to include, how to calculate your income tax accurately, or even knowing whether you need to register for self-assessment. You may have several income sources, each with different rules, and overlooking any of them can lead to delays or penalties. We simplify this by reviewing everything together, including employment income, freelance work, rental earnings, and investment income, so your return is complete and compliant.
We also guide you through essential details such as your unique taxpayer reference, expenses, payment deadlines, and obligations linked to registered pension schemes. If you’ve earned foreign income or received payments that pay interest, we ensure these are reported correctly and in line with HMRC requirements. With our team supporting you, you avoid common errors and gain peace of mind knowing your submission is handled with care.
Do you want to avoid the stress of self-assessment tax returns? Contact us today to discuss how our bespoke accounting services can help you submit your tax returns on time and accurately.
We believe every client is unique, so we offer a tailored approach to meet your specific tax needs. Whether you’re a sole trader, landlord, contractor, start up, or small business owner, we recognise that no two financial situations are the same. We take the time to understand your personal circumstances, industry challenges, and long-term goals to provide custom solutions that best suit your needs.
Our dedicated team ensures that your tax strategy is not only compliant with current regulations but also created to help you save money and grow your business. With Every Penny Accounts, you can expect a personalised service that adapts to your financial situation.
If you’ve sold assets such as shares, property, or other investments during the year, you may need to pay capital gains tax. Many people are unaware that disposing of assets can trigger a tax obligation, and missing this from your return could lead to penalties. Our team will help you assess whether your gains exceed the annual exemption threshold and, if they do, how to report them correctly. We also assist clients in exploring opportunities to claim tax relief, whether it’s related to business expenses, pension contributions, or allowable losses. Taking advantage of these reliefs can reduce your overall tax bill and improve your financial outcomes. We’ll guide you through the process to ensure you’re maximising your available deductions within the bounds of the law.
The UK tax system can be complex, especially for those juggling multiple sources of income or new to self-employment. Whether you earn employment income, receive untaxed income, or have made gift aid donations that could impact your tax position, understanding how these elements affect your overall liability is crucial. With a dedicated self assessment account, you’ll be responsible for declaring your income accurately, meeting key deadlines, and staying informed about your obligations. It’s important to declare income from all sources, including overseas earnings or side businesses, even if you think it’s minor or exempt. At Every Penny Accounts, we make this process easy and stress-free. From setting up your self-assessment account with HMRC to reviewing all aspects of your financial situation and providing companies house filing, we’re here to provide full-service support, helping you avoid errors and stay compliant. With our team by your side, you can navigate the UK tax system with clarity and peace of mind.
Submitting your return late or with errors can lead to penalties that quickly add up, especially if HMRC believes you’ve underpaid. We help you avoid these issues by preparing and filing your return on time, ensuring each entry is correct and supported by the right information from your personal tax account.
By working with us, you avoid these unnecessary charges and ensure you meet all HMRC expectations. We check every detail, guide you through your tax code, and help you understand whether you may be due a tax refund. With our support, you stay in control throughout the tax year and remain fully compliant.
Making Tax Digital changes the way you submit information to HMRC, moving towards faster and more accurate digital reporting. You’ll use compatible software to keep records and send quarterly updates, reducing errors and helping HMRC collect income tax more efficiently. We guide you through this transition, ensuring your systems are ready and your records are clear, complete, and easy to maintain.
This shift also helps you stay organised throughout the year rather than preparing everything at the last minute. We review your figures regularly, help you keep accurate records, and make sure your digital submissions are correct. Whether you’re new to digital bookkeeping or simply want expert support, we make the process smooth and stress-free.
At Every Penny Accounts, we have been offering our professional accounting services across the UK for many years now, and our customers return to us time and time again for various reasons, including:
When paying tax, ensuring your information is correct is essential to avoiding costly penalties. When you choose Every Penny Accounts, you’re choosing a team who take pride in precision. Our team will meticulously review your finances and ensure every detail is correct before submission to eliminate the risk of any of these costly errors.
If you’re worried about the cost of using an experienced accountant such as ourselves, don’t be. We offer affordable and transparent pricing, helping you to save money while receiving expert-level service. With us, there are no hidden fees – just a straightforward approach to managing your tax assessment return.
Whether you owe tax or require any of our other services – including bookkeeping, payroll, or month-end reporting, our experienced accountants are always on hand to provide advice and support throughout the tax year. We stay up-to-date with the latest tax legislation to ensure you’re fully compliant with HMRC regulations and make sure your payments are made on time.
Interested in our services? Our services can be offered remotely so whether you’re local to us or not, we can help. Contact our team now for more information on our self-assessment tax returns, or any of our other services – including CIS returns, assistance with year-end accounts, and more.
Don’t leave your self-assessment tax returns to chance. Contact Every Penny Accounts today for expert help with your tax return submissions and more. Whether you would prefer a paper tax return submission, or you have a Government Gateway account on which to submit your tax return, we can do everything you need. Get in touch now.
Yes, you can complete your own self-assessment tax return online or by post. However, it can be time-consuming and complex, especially if you’re not familiar with tax regulations. Hiring an accountant like Every Penny Accounts can save you time and ensure accuracy.
You are required to file a self-assessment tax return if you are self-employed, earn more than £1,000 outside of PAYE, receive rental income, have capital gains, or earn dividends from investments. There are other scenarios as well, and our team can help you determine if you need to file.
The deadline for submitting your online self-assessment tax return is 31st January following the end of the tax year. If you submit a paper return, the deadline is 31st October of the tax year.
If you earn over £100,000 a year in taxable income, or if you have income from other sources like rental properties, dividends, or overseas income, you will likely need to submit a self-assessment tax return.
