Self-Assessment Tax Returns

Self-Assessment Tax Returns

At Ritz Accounting, we understand that navigating the world of taxes can be daunting, especially when it comes to completing your self-assessment tax return. Whether you're a sole trader, freelancer, or have income from various sources, our expert team is here to make the process as smooth and straightforward as possible.

Self-assessment is a legal requirement for individuals who earn income outside of traditional employment. This means that if you are self-employed, have rental income, or earn money from investments, you are responsible for calculating and paying your taxes to HMRC. While this can feel overwhelming, we’re here to guide you through every step of the way.

We begin by reviewing all your sources of income, including earnings from self-employment, freelance work, investments, and other revenue streams. Our team works with you to ensure that we capture all eligible business expenses, deductions, and allowances that you may qualify for, reducing your taxable income and, ultimately, your tax liability. This ensures you pay only what you owe—and no more.

Our Self-Assessment Tax Return service includes:

• Tax Calculation & Filing: We ensure that your tax return is filed on time and that all the figures are correct. This includes calculating any taxable income, allowable expenses, and ensuring you’re claiming everything you're entitled to.
• Maximizing Deductions & Allowances: We make sure that you take advantage of all tax reliefs and deductions available to you, such as business expenses, capital allowances, and any other applicable allowances, helping to minimize your tax burden.
• Avoiding Penalties: Filing a late return or providing incorrect information can result in penalties and interest charges from HMRC. Our team makes sure your return is submitted on time and is compliant with all relevant tax laws, so you avoid unnecessary fines.
• Clear & Transparent Advice: We provide easy-to-understand guidance on your tax obligations, ensuring you understand your tax position and know when and how to make payments.
• Peace of Mind: With our team managing your self-assessment, you can be confident that your tax matters are in the hands of professionals. We stay updated with the latest tax laws, ensuring compliance and up-to-date filings.

Additionally, if you're unsure of your current tax status or have any questions about the process, we offer personalized consultations to guide you in the right direction. Our goal is to ensure that your tax affairs are handled efficiently and that you are fully prepared to meet all of your tax obligations.

Let Ritz Accounting take the hassle out of your self-assessment tax returns, so you can focus on what matters most—growing your business or enjoying life, knowing that your taxes are in expert hands.