At TaxTotal we strive to make accounting and tax as simple as possible. We allocate a dedicated accountant to file an individuals tax return and offer unlimited advice.
Apart from wages, pensions and savings there is other income earned by individuals. Self-Assessment is the system through which HMRC collects tax on this income. Individuals have to file a self-assessment tax return if:
Tax is generally deducted from wages, pensions and savings. Self-assessment is the process through which HMRC collects tax from individuals and businesses with other sources of income via an online paper or tax return.
You should file for a self assessment tax return if:
After the submission of the documents our accountant will prepare your return and send it for your review. Once accepted we will then submit it with the HMRC. The entire process is usually completed within 10 days.
Yes, we value our ethics and ensure your data is secure. All confidential data are strictly monitored and are not provided to anyone apart from the dedicated accountant.
Once your self-assessment becomes overdue then you will be charged a late penalty of £100. The penalty will also increase if there is further delay in submission.