Self Assessment is a tax collection system employed by HM Revenue and Customs (HMRC) to collect income tax. Typically, tax is deducted from wages, pensions, and savings. However, individuals and businesses, especially the self-employed, with additional sources of income are required to report it through the submission of a tax return.
Self-Assessment can prove to be a time-consuming and bewildering task, especially for individuals and self-employed professionals with busy schedules. Furthermore, it can become costly when HMRC imposes penalties for missed deadlines, incorrect returns, or the improper retention of records.
Whether you’re seeking a streamlined annual tax return process or require specialized guidance, we’re here to assist. Our dedicated Small Business Accountant team specializes in managing your tax returns, providing peace of mind and freeing up your valuable time. We offer a comprehensive service for Individual Self-Assessment tax returns, handling the calculation, minimizing your tax liabilities, and handling the entire filing process. At Taj Accountants, we always ensure that you understand the results before submission, and you’ll have access to expert knowledge and tax planning advice whenever you need it.
Tax planning plays a vital role in managing your financial affairs and safeguarding your financial well-being. The existing tax landscape is becoming increasingly complex, and there is a growing emphasis on the taxpayer’s responsibilities. Given this context, seeking professional advice and support becomes crucial for optimizing your tax position.
Our team of Accountants located in East London is dedicated to assisting you in managing your financial matters. We offer guidance and counsel across various tax-related areas, actively involving you in the planning process. This approach empowers you to maintain complete control over your financial situation, while also helping you save on taxes by capitalizing on all the potential benefits available to you.
Our Accountants in East London provide a diverse array of accounting and taxation services to our clients, including:
We also offer Accounting Systems Consultancy. With our assistance, you’ll gain comprehensive financial control, save costs, and engage in proactive planning to ensure the optimal financial well-being of your business.
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