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Reporting income tax for the self employed If you are self employed or consider this for a career change, you will certainly need to enlist the services of an accountant in Bristol. He/she can help you not only with bookkeeping and consistent telephone and email support, but also provide accounts and payroll services, VAT advice, and remind you of accounting due dates. Before hiring one of the self employment accountants based on Bristol, make sure they actually specialise in offering this type of service to freelancers, self employed people, sole traders, and small and medium businesses. Self-Assessment Tax Return The completion of your Self-Assessment Tax Return is an important paper your accountant can help you prepare and file. HMRC uses this to collect income tax. You will need to keep bank statements and other records so that you don’t get the figures wrong. After sending in your return, tax should be deducted automatically. The deadline for the Self-Assessment Tax Return is 5 April, but if you decide to file it online, the due date is 31 January. People who are self-employed need to register for Self Assessment, even if they have filed a tax return before. Registration is mandatory by 5 October once your business enters its second tax year, otherwise you could face a fine. You can do your first time registration online to get your Unique Taxpayer Reference and to enroll in the Self Assessment online service. To log into your online account for the first time, you will need an activation code; the letter with this code should reach you in no more than 10 working days. Contact us if you want to know more.

Reporting income tax for the self employed  

As chartered tax advisors and business tax accountants we can help your business from our offices in Keynsham and Chippenham.

Reporting income tax for the self employed  

As chartered tax advisors and business tax accountants we can help your business from our offices in Keynsham and Chippenham.

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