Self Assessment

The Self Assessment process is the Inland Revenue system for working out and paying tax. You must complete a tax return every year if you:

  • Are self-employed, either as a sole trader or in a partnership
  • Are a company director
  • Are earning enough to pay higher-rate tax
  • Are requested to do so by the Inland Revenue
  • Have complicated tax affairs (e.g. you derive income from employment overseas)
  • Have made significant capital gains

Keeping the right records is essential. It makes it much easier to manage your tax returns and more importantly it’s a legal requirement.

We have extensive experience in advising on how best to record and maintain your financial records and prepare and present your annual returns.