Self Assessment

As personal tax specialists, we pride ourselves in having the expertise required to ensure you pay both the minimum and correct amount of tax.

 

 

For a free initial meeting to discuss how we can help you contact us online or call us on T: 023 9248 4356T: 023 9248 4356


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Do you need help with your tax return?

By letting us complete and file your tax return on your behalf, you will be safe in the knowledge that your personal financial affairs are in good hands and reduce the risk of an HMRC enquiry into your tax affairs.

One of our dedicated tax managers will be assigned to advise you of your tax situation. They will analyse your self assessment tax return to see if any tax savings can be made, and review your form to see if there are any anomalies that need to be corrected before the return is submitted.

In most cases we can provide you with a fixed quotation for this service at a competitive price.

We provide tailored self assessment services for:

• Individuals
• Company directors
• Sole traders
• Business partnerships
• High net worth individuals
• Trustees

Registering for self assessment

If you've never had to complete a tax return, the first time can be daunting. Our latest guide to registering for self assessment explains what you need to do. And if you've completed one before, you might still learn a thing or two.

Is your tax code correct?

A useful resource is HMRC's app which you can use to check your tax code, estimate your tax and manage your tax credits.  The app also lets you access your Help to Save account and work out your take-home pay. Guidance on how to download and use the app can be found here.

Allowable expenses

The are a number of costs you can reclaim on your business if you are self employed. By deducting these allowable expenses when calculating your business's taxable profit, it is possible to reduce the amount of tax you owe. Our guide to allowable expenses has more information.  

HMRC's Time to Pay Service

Businesses and self employed people with outstanding tax liabilities who are in financial distress as a result of the recent pandemic or cost of living crisis may be eligible to receive support with their tax affairs through HMRC's Time to Pay service. These arrangements are agreed on a case-by-case basis. If you are concerned about being able to pay your tax HMRC has a dedicated helpline on 0800 0159 559See further guidance from HMRC here.

Be prepared for Making Tax Digital

From April 2026 HMRC's Making Tax Digital for Income Tax will apply to all self employed business owners and landlords with annual gross income above £50,000 (reduced to £30,000 from April 2027).

If you currently use a manual or desktop bookkeeping system we would urge you to consider changing to a self assessment software package sooner rather than later. Not only will this ensure you have the right system in place when more frequent reporting to HMRC takes effect but it will provide you with a wide range of handy tools to make the submission process easier. Please see our cloud accounting and Making Tax Digital pages for more information.

Other services we can provide  

Taxation is not the only area where we can help. We also offer advice in a number of other business areas. Whether you are thinking of joining or forming a partnership, becoming a director of a company or looking to protect your owner-managed business through succession planning, we are here to provide a trusted, expert service focused around your needs.

Please contact us on 023 9248 4356 to arrange an informal, no-obligation meeting with a member of our team.

 

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What our clients say...

"I have moved my last two GP practices over to Morris Crocker Accountants, and have been delighted with the level of knowledge, support and help that we have always received from their GP Team.  They have helped us most recently in a complex matter and have made sense of a very difficult couple of financial years for us.  The entire team are approachable, pro-active and endlessly patient and service is always delivered with a smile and a sense of humour!   I could not wish for better service.”

Latest news...

18/04/2024

MTD for ITSA

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that just five Making Tax Digital for income tax self assessment (MTD for ITSA) software products are ready for beta testing on 22 April.

READ MORE

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