The self-assessment tax returns are done to file tax on the additional income made during the financial year after paying income tax.
Self-Assessment Tax Returns Services in UK
Accbyte is a renowned accounting service-based company that delivers the best self assessment tax return services in UK among the competition. Being operational for more than a decade, the experts at Accbyte have performed SA tax returns for large-scale as well as small businesses, making them proficient for clients from all domains.
We assign experts to our clients to resolve their queries and perform their self-assessment tax returns, allowing them to avoid any risk caused by tax filing.
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What Makes Accbyte Best for Self Assessment Tax Return Services in UK?
Accbyte has been successful in monopolizing the market for accounting services with its following characteristics:
1. Experienced Professionals
Accbyte’s experts have been in the industry since 2012 and have gained experience in both large-scale and small-scale industries. The satisfaction of our clients comes from the prominence of our accountants in certifications like CPA (Certified Public Accountant), CMA (Cost and Management Accountant), and CA (Chartered Accountant), etc. For more details, you can look into our testimonials and portfolio.
2. Customer Reviews
Even with the long operational phase, Accbyte has not encountered a single complaint or dissatisfaction review from our clients. The whole credit for this achievement goes to our performance-driven experts, who prioritize excellence over efficiency. Furthermore, the clients don’t need to be concerned about their critical data, as Accbyte follows rigid standards for data privacy and security.
3. Quick Filing of Tax Return
Associating with the self assessment tax return services in UK, clients can file their tax returns quickly without even delaying the process during the peak tax season. We assign an individual or team of experts to each client, allowing us to timely deliver the tax filing of our customers.
4. Tax Saving Opportunities
Along with the self-assessment tax return service, Accbyte guides potential areas where the business can save tax. The saved tax amount might not be enough for small businesses, but it can be significant for large businesses. The amount can be invested into the operations of businesses to improve the quality of their goods or services.
Services
Accbyte’s Self-Assessment Tax Return Service Includes
Accbyte’s self assessment tax outsourcing services offer the following to deliver a compelling and comprehensive experience to clients:
View MoreComputation of Tax Liability
The first and foremost step in self-assessment tax return services in UK is calculating the tax liability of the client’s business. For this, our experts require the following financial reports and statements of the business:
- Balance Sheet
- Income and expense statement
- Statement of cash flow
- Statement of retained earnings
Along with this, the experts at Accbyte ensure that all the tax liability is calculated by complying with the latest respective tax laws.
Completing Tax Return
Accbyte also offers assistance in filling out the tax return form. This is served via our own accounting software that assures complete confidentiality of the crucial accounting data. This guarantees an error-free self-assessment of tax returns, allowing clients to stay away from legal complications.
Filing Tax Return Online
Accbyte’s experts utilize multiple accounting software programs to file tax returns online. The sole purpose of using multiple programs is to send the SA tax return to the customer with zero mistakes and errors. After the client’s verification, we proceed with the process and submit the form on the official website.
Suggesting Tax Saving Opportunities
After a thorough analysis of the financial data and statements of clients’ businesses, our experts also offer suggestions to save tax from potential opportunities. These suggestions differ from client to client, depending on the accounting practices of businesses.
Informing about Due Dates and Deadlines
Once a client associates with us, they are never left alone. We timely notify our customers of the due dates and deadlines for filing the tax return forms of their businesses so that they never miss their tax return and fall into legal actions and issues.
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Would you like to speak to one of our self assessment tax return accountants over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.
Who Needs Self-Assessment Tax Returns Service?
The conditions for self-assessment tax returns vary depending on the country. Here, we have mentioned specific conditions for UK and US citizens:
1. UK Citizens
UK citizens need self-assessment for their tax returns if they fulfill the following:
- If they are self-employed as “sole traders” and earn more than £1,000 (before any tax deductions).
- If involved in a business partnership.
- If your taxable income is more than the non-tax filing income requirement of the year (can change every financial year).
- When capital gains are received as an income.
- If you or your partner’s has an individual income of more than £60,000, you must pay the High Income Child Benefit Charge and file your tax return.
2. US Citizens
US citizens need self-assessment for their tax returns if they fulfill the following:
- Net earning of $400 or more from self-employment.
- If they surpass the non-tax filing income requirement of the year. This amount is set by the government and can vary. Therefore, check the tax filing income amount of the latest year.
- You fall under other factors that require you to file a tax return (mentioned on the official site of the Internal Revenue Service).