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Solid Limited is a small team of friendly, experienced and knowledgeable accountants. Having compiled the paperwork, you can think about completing your return. If you are self employed then you will also need your business accounts. These records will include bank statements, records of investments and investment transactions, and employment records including payroll and expenses. This is much easier done as you go along through the year so if you haven’t already got a tax return file, start one now for future returns. Guidance is available on the HMRC website at http://www.hmrc.gov.uk/sa/need-tax-return.htm.If you have to complete a self assessment return then the first step is to compile all the necessary records. In general, names at Lloyds, ministers, company directors, self assessment returns are required from all those who are self employed, together with those whose income or capital gains have exceeded a certain level. So, who has to complete a self assessment tax return? For a start, everyone who received a return form from HMRC last year will have to submit a return whether they think tax is due or not. In addition, anyone who has fallen within the tax return sphere during the tax year ended 5 April 2010 will need to file a return for that year. Now the deadline is a few weeks away and there is no time to loose. When the original paper return forms arrived last April there seemed to be so much time to return the forms that it was easy to put them aside for a short while. Submitting your self assessment tax return With Christmas and the New Year out of the way, our thoughts turn to the first milestone of the year, submitting our self assessment tax returns. Solid Limited is renowned for our friendly, professional accountancy service and ability to help businesses save valuable time and money. As a small firm, we are able to offer you a truly personalised accountancy service that is tailored to the needs of your business. Most returns are fair.Read more...
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