Running your own business is tough enough, without having to worry about paying the wrong tax, filling out the wrong return, missing deadlines or falling foul of the law.
The accounting year end for companies and Self Assessment can be time consuming – and daunting!
For a number of people it can be an inconvenience, especially the busy Company Director who pays his Tax & NI via the Company payroll. Or consider, the individual who has gained income through a sale of shares and has to complete a Self Assessment return to pay over Capital Gains tax – this could be a one off task, which can cause worry as the payment deadline draws near.
Many sole traders and partnerships just don’t have the time to sit down and sort through that pile of receipts accumulated over the year – as they are too busy running their business. Knowing what can be claimed against tax and keeping up to date with the current Inland Revenue processes can be a huge task in itself.
Many people fall foul of form submission dates and face fines by the HMRC. The simple answer to you could be to use Life Accountancy to assist in completion of your returns.
With prices ranging from £175 (individuals) to £400 (packages for more complex sole traders and partnerships), why go anywhere else?
All you have to do is drop Life Accountancy a line.
Sheffield’s Life Accountancy also offers an annual accounting package for Limited companies – preparing year end accounting statements, Corporation Tax computations and Companies House filings.