Self Assessment
I am consultant to a number of companies but I am also available to deal with other self assessment returns. This may be in conjunction with your self employed accounts - or you may simply ask me to assist with the completion of your self assessment form.
All my returns are filed over the internet using independent software - that way if you are entitled to a repayment it will be issued quickly - or if you are self employed and you have to pay tax we will know well in advance how much you will have to pay. One of the major problems in dealing with the self employed is delay in getting the information together. If you delay then you will not know how much you have to pay - late payments carry interest - some payments carry an extra surcharge and then interest on top of that. Late returns incur penalties which attract interest if they are not paid. .
It is important therefore that returns are submitted as soon as possible. Being on my own I will not be able to cope with vast backlogs and to wait until the last minute to send in your return is not always the best policy.
THE REVENUE EXPECT THE PUBLIC TO PAY THE RIGHT AMOUNT OF TAX AT THE RIGHT TIME.
I have retired from a stressful job so I am not looking for more stress and involving myself in a mad panic at the end of the year. I want to be ahead of the game. As I said above, if you are entitled to a repayment then the sooner the return is in then the sooner you get the money. If you owe the Revenue then the sooner you get the form in the sooner you know how much you are going to have to pay. Don't forget, this is self assessment and if you are late with the return you wont know how much the tax bill is - if you don't pay on time you will be charged interest - if you don't pay by the 28th February following the end of the year you will have to pay another 5% surcharge and if you still haven't paid by 31 July you will have another 5% surcharge - and all these surcharges carry interest.