Self Assessment Accountants

Completing Self-Assessment Tax Returns is probably not your favourite activity, so we’ll relieve you of that burden, at the same time as providing the reassurance that your liability has been accurately calculated, all appropriate reliefs are claimed, and that you are compliant with deadlines for submitting returns and making payments to HMRC. 

As tax becomes more digitised and HMRC increases its scrutiny, there’s a greater risk of incurring penalties if there are mistakes in your Return or something is overlooked. Our expert self assessment accountants’ attention to detail will pick up any errors and, by checking statements from HMRC and reviewing your tax codes, highlight any discrepancies on their part, which we will then discuss with them. 

Sometimes we discover that a client has underpaid tax or failed to pay it at all. If this happens, the best course of action is to disclose it to HMRC voluntarily. Whilst the tax must still be paid, the penalties applied can be lower, and, as the case is resolved more quickly, the fees involved will be lower too. 

If it’s HMRC who discover that tax has been underpaid or unpaid, there are greater consequences. The penalty for avoiding tax by using offshore schemes could be up to 200% of the tax due, and there’s the potential reputational stigma of HMRC’s ‘Name and Shame’ policy. In this case, it’s also best to make a disclosure as soon as possible. We can provide HMRC with a full, detailed disclosure, which should reduce penalties, and if necessary, we can negotiate with HMRC to achieve the best possible outcome.