Self Assessment
Our Approach
At Wiseborne, we provide self assessment compliance services and personal tax planning for a wide variety of clients, from sole traders to high net-worth individuals, which is personalised to the specific needs of the individual. We aim to go that extra mile when it comes to providing unprecedented advice and support to minimise your tax liabilities.
We understand that minimising your tax liabilities always seems to be promised by every accountancy firm, only for you to later discover that a new person has been assigned to undertaken your next tax return, who has no built up understanding of you, your particular circumstances or lifestyle. We offer something totally different. The partner and only the partner will be undertaking your Self Assessment tax returns which does not happen anywhere else. Whether it’s in regards to your self employment income, company dividends, investments such as rental properties or your general wealth building strategy, our self assessment service is built to provide a level of service that you will not find at normal accountancy firms.
You may need to submit a Self Assessment tax return when:
- You are self employed or a partner in a partnership
- You are a company director
- You have large amounts of savings or investment income
- You have untaxed savings or investment income
- You own land or property that is being let
- Your household receives Child Benefit and you have income in excess of £60,000
- You have income from overseas
- You have sold or given an asset away (such as a holiday home or some shares)
- You’ve lived or worked abroad or aren’t domiciled in the UK
- You were a trustee of a trust or registered pension scheme
- You have annual income of £150,000 or more before tax
- HMRC may also want you to complete a tax return for some other reason
Our services
- Calculate your tax liability & tax planning advice from the partner and nobody else.
- File your return online using our own independent HMRC approved Software.
- Liaise with you on the amounts to be paid and when they are due.
- Free unlimited help & support throughout the year.
- Directly access and response times from the most experienced person at the firm, the partner. No account managers, no seniors, no juniors, no secretary.
- Quick guaranteed turnaround times and response rates.
- As qualified Certified Chartered Accountants our work will accepted by third parties such as lenders for mortgages, Visa applications and other purposes that you may require a professional accountant to sign off on.
- Actual undertaking of your tax return by the same exact person (the actual partner) for many years to come. A commitment that not many can match.
- Representation in regards to any potential HMRC Investigations.
Tax Planning
Having the same experienced tax expert personally undertaking your tax who knows your circumstances inside and out, undertaking your tax return year after year will always lead to a more effective tax strategy, both in the short and long term. And not just with income tax but also when it comes to tax planning for your other personal taxes such as Inheritance tax and Capital Gains tax.
How much is it?
The fee will depend on the complexity of the return and we’ll happily agree a fixed fee. Our fees start as low as £100 for a very simple tax return.
Please contact us for a quote. We also offer a free consultation which we can do in person, by phone or by Webcam.
Frequently asked questions
Can you help me register for Self Assessment? Yes. We can help you register and talk you through the registration process.
What is a UTR number? This stands for unique tax payer reference. It’s a ten digit number and is totally different to your NI number. Everyone on Self Assessment is assigned a UTR number to go alongside their NI number. You will receive a UTR number as soon as you register for Self Assessment.
Do i still have to complete a tax return if i didn’t receive any income in the year? Yes. If you received a communication from HMRC that you need to send them a tax return then you will need to do so. Otherwise you will be charged a penalty for not doing so.
What if I make an error on my return? You can amend your tax return within 12 months of the normal 31 January deadline. This should be done online, if you submitted your tax return online, and by paper if you originally submitted the paper version.