Filing your Self-Assessment Tax Return with Barbara’s Bookkeeping in Maidstone and Mid-Kent

In the UK, you will likely need to file a Self-Assessment Tax return if you have any of the following:

  • Total income over £150,000: This is a key trigger for self-assessment.
  • Income from multiple sources: This could include employment income, self-employment income, rental income, investment income, and more. High earners often have diverse income streams.
  • Untaxed income: This might include interest from savings, dividends, or income from overseas investments.
  • Capital gains: If you have sold assets (like property or shares) and made a profit, you may need to pay Capital Gains Tax.
  • Self-employment income: If you are a sole trader or partner in a business, you will need to declare your income through self-assessment.
  • Rental income: If you own property and rent it out, you will need to declare the rental income.
  • Benefits: Some benefits may be taxable and need to be included in your self-assessment.

Even if your income is below £150,000, you might still need to file if HMRC requests it or if you want to claim certain tax reliefs.

Stress-Free Self-Assessment Tax for Sole Traders, Landlords, CIS Subcontractors, and Individuals in Maidstone and Mid-Kent.

Are you a sole trader, landlord, CIS subcontractor or a high-earner individual with the adjusted net income over £150,000? Then you need to file a Self-Assessment tax return. Are you based in Maidstone or Mid-Kent? I understand that navigating the complexities of self-assessment can be daunting, which is why Barbara’s Bookkeeping is here to help.

Simplify your Self-Assessment Tax return with Barbara’s Bookkeeping

  • Sole Traders: If you are running your own business as a sole trader, you are responsible for reporting your income and expenses to HMRC through a Self-Assessment tax return. This includes calculating your profits and paying income tax and National Insurance contributions.
  • Landlords: If you receive rental income from a property, you’ll need to declare it on a Self-Assessment tax return. This includes calculating your rental income, allowable expenses, and any profit you make.
  • Construction Industry Scheme (CIS) Subcontractors: If you work in the construction industry as a subcontractor, you’ll likely have tax deducted from your payments under the CIS. You’ll need to report this income and the deductions on your tax return. This often results in a tax refund.
  • As a high-income individual, your tax situation can be complex. Self-assessment tax returns require careful attention to detail and an understanding of specific regulations.

 Why Choose Barbara’s Bookkeeping?

  • Expertise: We have experience preparing tax returns for sole traders, landlords, and CIS subcontractors. We understand the specific challenges and opportunities relevant to each.
  • Accuracy: We will ensure your tax return is accurate and compliant, minimising the risk of errors and penalties.
  • Timesaving: We will handle the paperwork and calculations, freeing up your time to focus on your business or personal life.
  • Personalised Service: We offer a personalised service tailored to your individual needs and circumstances. We will answer your questions and provide clear, concise advice.
  • Maximising Allowable Expenses: We will help you identify all allowable expenses to minimise your tax liability. (For example, as a sole trader, you might be able to claim expenses for office supplies, travel, and training etc).
  • We’re Local: We’re based in Maidstone and work with clients in The Medway Towns, Swale, Tonbridge and Ashford.
Overline

Barbara’s Bookkeeping Self-Assessment Tax Services Include:

  • Preparation and filing of your tax return,
  • Calculation of your tax liability,
  • Advice on tax planning and minimising your tax bill,
  • Handling all communication with HMRC.

Do not leave your tax return to the last minute!

Contact me today for a free consultation. Let Barbara’s Bookkeeping take the stress out of your tax return and ensure you meet your tax obligations.

If you do not usually send a tax return, you need to register by 5th October following the tax year you had the income.

Barbara’s Bookkeeping prices for Self-Assessment Tax Returns start from £125

If you need assistance with your tax return, please contact me for a free consultation to see how I can help you make your Self-Assessment Tax return hassle-free.