Tax Return Preparation

Tax Returns and Self-Assessment

Most business owners need to complete a tax return every year.

Tax returns are the forms that taxpayers use to tell HMRC how much income they received in a year, and how much tax they owe.

Tax returns are submitted through Self-Assessment, which is the system for filing a tax return and paying your tax if you are a business owner.

Tax professionals

We are trusted with preparing Self-Assessment tax returns for a number of clients and businesses in Salisbury and the surrounding area.

We have more than 30 years’ experience of helping Salisbury businesses and individual clients with Self-Assessment and taxes.

As Chartered Certified Accountants we are also specifically qualified in taxation and are required to keep up to date with changes in tax rules and tax reporting.

Tax Return Service

We are a Salisbury family business and work hard to explain and help with the tax return process in a straightforward and professional way for both businesses and individuals.

Our tax return service includes:

explaining the tax return process so that clients understand what they need to do
registering clients as self-employed and getting them ready to file tax returns
helping clients compile the business information they need to report to HMRC
preparing tax returns and calculating tax
explaining how to pay tax and when it needs to be paid

OUR CLIENTS

We are local to Salisbury but are very happy to offer tax and accounts to wider clients wherever we can help.

Examples of clients we serve:

Tax compliance for local retail businesses

Tax for medical and healthcare professionals

Accounting, tax and business compliance for freelance arts and media

Corporate, partnership and personal tax returns for local service businesses

Our office is in Churchfields Commercial Estate in Salisbury. Please see our contact page for local directions.

Frequently Asked Questions

Do I need to register for Self-Assessment?

Self-Assessment is the system that HMRC use to record and tax income received by self-employed people. It also lets people tell HMRC about income they have earned from property rental, investments and other sources that are not taxed automatically, so you do not have to be self-employed to use it.

It is called ‘Self-Assessment’ because you have to declare your income yourself. It is the taxpayer’s responsibility to work out whether they need to register or not.

The deadline for registering for Self-Assessment is 5 October after the tax year in which you started earning the income you need to declare. You then have until the following 31 January to send the return to HMRC.

See the link in the following section for HMRC's tool to decide whether you need to file a tax return.

Do I need to file a tax return?

Tax returns are the forms that taxpayers use to tell HMRC how much income they have earned in a tax year.

You usually need to file a tax return if you have income to declare that has not already been taxed, for instance business profits. Not all income is taxable, and some amounts can be declared without needing to file a return.

HMRC provide a tool to help you decide if you need to file a tax return, which is here:

https://www.gov.uk/check-if-you-need-tax-return

How do I correct a mistake on a tax return?

You can correct mistakes on tax returns that have already been filed. For recent mistakes, you can file an amended return.

For older mistakes, you usually need to use HMRC’s disclosure service. This lets you explain to HMRC what you think you have done wrong and gives you the opportunity to pay any extra tax.