SA Tax Returns Leigh-on-Sea

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Self-Assessment Tax Returns in Leigh-on-Sea

For the self-employed, there’s one task every year that can provide more stress and headaches than any other. We’re talking self-assessment tax returns, which must be filed with HMRC every year, without fail. They can be complex and are a legal document, plus mistakes can cost significant sums of money, which is why the savvy self-employed worker uses an accountant to complete the process for them.

At MCL Accountants in Leigh-on-Sea, we’ve completed thousands of SA tax returns, for a range of different local and national businesses. We’ve got the knowledge and experience to complete your SA tax return perfectly, ensuring you pay the minimum tax while also remaining within the law. Why not contact one of our team members today and see how MCL can help with your tax return this year?

Millions of people file a self-assessment tax return every year, but what exactly are they? Well, they’re essentially a legal document showing all incomings and outgoings at your business. These figures are then used by HMRC to calculate how much income tax and national insurance you need to pay. All self-employed workers must fill one in, as must everyone earning over £100,000 per year.

There are strict deadlines for submitting and paying tax returns, which all self-employed workers must know about. If submitting using paper, the return must be filed before midnight on October 31^st, while those filing online must get their tax return completed by midnight on January 31^st. All money owed must also be paid by January 31^st. If you miss any deadlines, you could be fined or even prosecuted.

Explained: SA Tax Returns

Why Choose MCL for SA Tax Returns?

At MCL, we ensure all clients have their tax returns completed accurately and on time. This timely completion of forms means that you’ll not need to concern yourself with missed deadlines – we’ll submit everything on your behalf. Hiring us to complete your tax return also means that you’re free to work on other projects – projects that could have a much larger effect on your business.

Using a qualified accountant should also result in you paying less tax. This isn’t because we’ll cut corners or illegally omit incomings, but because we know the rules and regulations surrounding taxation perfectly. We use this knowledge to legally drive down your tax bill. By hiring an accountant, you often save money overall, as the price you pay for the service is lower than the money you save on taxation.

If you’re self-employed and in Leigh-on-Sea, or anywhere else in the vicinity, we’d urge you to get in touch with us today. Our expertise in self-assessment tax returns ensures you’ll pay exactly what you owe, and not a penny more, plus we’ll make sure you never miss a tax deadline again.

You might also be interested to find that we also offer plenty of other accounting services useful to the self-employed, including bookkeeping and VAT returns. Why not roll several packages into one and get MCL to take care of all your accounting needs throughout the year?

To speak to a friendly team member, just call 01702 593 118, or alternatively send us a message using our contact form.

Use MCL to Complete This Year’s Tax Return

SA Tax Returns FAQs

Do you have a question about self-assessment tax returns in Leigh-on-Sea? If so, check the FAQs below, as you might find the answer you’re looking for. If not, please feel free to get in touch with us today.

Does everyone need to file an SA tax return?

Everyone who is self-employed must file a tax return, regardless of whether they earn £10,000 per year or £100,000 per year. Also, all employed people earning over £100,000 per year must file an SA tax return every year. If you’re unsure about whether you need to complete a tax return, please don’t hesitate to contact us.

Will I be fined for not submitted a tax return?

You will be fined if you do not submit your tax return on time. The amount you’ll be forced to pay depends on how late your submission is. You will also be fined if you fail to pay your tax on time. Prosecution is also a possibility for those failing to file and pay their self-assessment on time. If you ever run into any issues with filing or paying your tax return, contact us and we can work to come up with a solution.

Must my tax return be completed by a qualified accountant?

You are under no legal obligation to have your tax return completed by an accountant, meaning it’s perfectly acceptable to complete your own tax return. However, you must remember that the document is a legal one, so it must be filled in perfectly. Failure to fill in the document accurately can lead to legal ramifications.

What’s more, filling in your tax return yourself can lead to you paying far more tax than necessary. Accountants know exactly how to reduce your tax bill without breaking the law, and the money you save is often more than the accountant’s fees.

Do you have clients outside Leigh-on-Sea?

Yes, we also have clients throughout the local area, including in Southend, Thorpe Bay, Shoeburyness, Rayleigh and Rochford. In addition, we also have clients throughout Essex and into Greater London.

How much does MCL charge for compiling a tax return?

As we’re sure you’ll understand, the complexity of completing a tax return can vary significantly from business to business. This is why we do not charge a flat rate, and instead provide a tailored quote to all potential clients. To receive a quote, please call or email us today.

Get in touch if you need further advice, have any questions about our accounting services in Leigh-on-Sea or would like a free consultation