Filing your Self Assessment tax return can be daunting, and it can be tempting to put it off for as long as possible!. Fear not, with BBK Accounts on your side, we can make it a breeze! Our tax experts will prepare and file your Self Assessment tax returns on time every time, so you’re always compliant with HMRC.
Many individuals must file a personal tax return each year, which can contain various income types, including PAYE and dividend income, rental properties, pensions, child benefits, and foreign income. Completing Self Assessment tax returns can be an uphill task, especially when you open the form and see just how many potential boxes there are to complete.
If your circumstances have recently changed, such as by receiving an inheritance or buying a rental property, what worked last year may no longer work this year. So, how do you avoid the hassle of tax returns while safeguarding yourself against mistakes? Simple—you get BBK Accounts to look after processing your Self Assessment return from start to finish.
Our accountants have decades of experience filing Self Assessment returns and are well-equipped to handle any kind of individual circumstance. We use constantly updated software to file your returns digitally in line with the latest HMRC guidelines.
We can offer tailored guidance on minimising your liability so that you can keep as much of your income as possible.
Our team at BBK Accounts has the expertise and experience to prepare Self Assessment tax returns in full accordance with your unique circumstances. Our suite of services include:
Naturally, you want to work with an accountant in Southampton who understands your world.
For subcontractors, filing a Self Assessment tax return is essential to manage their tax liabilities effectively, especially if they’ve had tax deducted under the Construction Industry Scheme (CIS). At BBK Accounts, we specialise in helping subcontractors navigate their tax obligations. We ensure that all income, including CIS deductions, is accurately reported in the tax return. Our experts also assist in identifying and claiming relevant expenses to optimise tax efficiency. By partnering with BBK Accounts, subcontractors can determine if they have overpaid tax and take advantage of deductions to potentially reduce their tax liability. Let us simplify your tax filing process and ensure compliance with HMRC requirements, allowing you to focus on your work with peace of mind.
Landlords are increasingly under scrutiny from HMRC, especially through initiatives like the Let Property Campaign. Our expertise in this area is particularly beneficial for landlords who have previously failed to declare rental income. BBK Accounts provides comprehensive support for landlords, ensuring all necessary disclosures are made accurately and timely. Whether you’re renting out a single property or managing a portfolio, our tax experts ensure compliance with HMRC guidelines and minimise any potential penalties.
Directors of small limited companies in professional services sectors are required to file personal tax returns (Self Assessment) to report income drawn from their businesses. BBK Accounts specialises in assisting directors with their personal tax obligations, ensuring accurate reporting of salary, dividends, and other income streams. We provide proactive tax planning to optimise personal tax liabilities while complying with HMRC regulations. Let BBK Accounts simplify your tax filing process and ensure you meet all personal tax obligations efficiently.
With BBK Accounts, you’ll always be in control. Here’s why:
If HMRC has any questions about your return, we handle all communications on your behalf, giving you peace of mind and freeing up your time.
Have multiple income streams? We handle all the complexities, from rental income and dividends to freelance earnings and more, ensuring everything is correctly reported.
We help you track eligible expenses and provide advice on what you can claim, maximising your deductions and reducing your tax bill. Whether it’s business travel, home office costs, or professional fees, we’ve got you covered.
We’re based in Southampton, but you don’t need to be local. We currently work with clients all over the UK (and beyond!) and use the wonder of technology to seamlessly provide our Self Assessment tax return service to you—wherever you are.
Since working with BBK Accounts, we’ve seen a marked improvement in how we manage project costs and keep a closer eye on expenses, ensuring we stay within budget, which has had a direct impact on our bottom line. What I appreciate most is their personalised service—they genuinely understand the unique challenges of the construction industry and are invested in our success.
I've been with BBK for three years, and I couldn't be happier with their service. Their receipt scanning app makes managing my accounts a breeze, and I always know my tax liabilities well before payment is due. It really takes the hassle out of accounting!
I have ben using BBK for many years now and have been really impressed with Jenny and the whole team. Happy to answer simple and more complicated questions and really reasonable prices too! Highly recommended.
She (Jenny) was looking after my accounts for several years before I joined the partnership. I am now going back to her to get the excellent personalised service I had from her.
This (the UK tax system) really is all quite confusing to me. I am so pleased BBK is there to guide me through this.
Filing my personal tax returns used to be a daunting task, but BBK Accounts has made it so much easier. They handle all the details and ensure that everything is filed correctly and on time, saving me both time and worry.
A Self Assessment tax return is an income tax system under HMRC for individual taxpayers. It covers any taxes that the individual owes on salaried income, rental property income, income from shares, overseas income, proceeds from the sale of any assets, and so on.
You need to complete a self assessment tax return if you’re self-employed, a partner in a business partnership, or have other untaxed income, such as from rental properties or investments. Additionally, you may need to file if you receive income over a certain threshold from savings, dividends, or foreign income. Even if you're employed but have additional income that hasn’t been taxed, you'll need to complete a self assessment. It's important to check your circumstances each tax year, as requirements can change.
Failure to submit your Self Assessment tax return could lead to fines from HMRC that increase with further delays. HMRC may also send you an estimated tax bill based on the amount they determine that you owe. This bill will stand until you submit the completed tax return.
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