Self Assessment

Self Assessment is the system used by HMRC to collect income tax.

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Do you need to complete a Self Assessment tax return?

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It’s surprising how many people need to submit a tax return, from business partners and sole traders to high earners, landlords and savers. If you receive income untaxed at source this may include you. If in doubt, please ask – we’re happy to help. It’s better to complete a tax return than incur a fine.

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What’s involved with Self Assessment?

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You may think of Self Assessment as crunching numbers and completing forms. At Pomroy Associates, it’s all about understanding you.

Asking the important questions, we’ll simplify the process while capturing your income, relevant expenses and any tax already paid. Leave the rest to us! We know the income allowances, types of expenses and tax rules involved. Our attention to detail and expertise saves valuable time and provides every opportunity to minimise how much tax you owe, legally of course!

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Staying one step ahead

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No one likes nasty tax surprises. It’s best to know how much tax you owe and when. Communication is key! By discussing your situation quarterly, we can foresee changes to your tax situation, acting proactively. This may reduce your next tax payment or give you time to prepare for a higher tax bill. We can also help you get ready for Making Tax Digital easing the transition should you need to adopt this initiative.

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Tax doesn't have to be tricky! Let’s talk.