Self assessment / Tax returns
Submitting a tax return is mandatory if you have a live account with HM Revenue and Customs (HMRC), regardless of whether you've had self-employment income. Failure to submit a tax return can result in penalties.
Who Needs to Submit a Self-Assessment?
- If you are a company director.
- If you're abroad, it may take up to 21 days.
Tax Year and Submission Deadline:
- The tax year runs from April 6 to April 5 consistently.
- Submit your tax return to HMRC by January 31 to avoid penalties.
Self-Assessment Tax Return for Company Directors
As a company director, completing a Self-Assessment tax return is essential to accurately report your personal income to HM Revenue and Customs (HMRC). At LDN Financial , we specialize in assisting directors with their tax obligations, ensuring compliance and peace of mind.
Our Self-Assessment Services for Directors:
1.
Registration Assistance:
We help you register for Self-Assessment with HMRC, ensuring you meet the registration deadline of 5 October following the end of the tax year.
2.
Comprehensive Information Gathering:
- Collecting all necessary details, including your salary, dividends, and other income sources.
- Organizing records of allowable expenses, pension contributions, and charitable donations.
3.
Tax Return Preparation and Filing:
- Completing your tax return accurately using HMRC’s online service or the paper form SA100.
- Reporting your salary, dividends, and any other income, along with eligible expenses.
- Ensuring all deductions and allowances are applied correctly to minimize your tax liability.
4.
Timely Submission:
- Submitting your tax return by the online deadline of 31 January or the paper deadline of 31 October, following the end of the tax year.
5.
Tax Payment Management:
- Calculating any tax due and ensuring it is paid by 31 January following the end of the tax year.
- Managing payments on account, due by 31 January and 31 July, to cover future tax liabilities.
Key Benefits:
National Insurance Contributions (NICs):
Guidance on Class 1 and Class 4 NICs for directors.
Dividend Allowance:
Expert advice on dividend allowance rules to optimize your tax position.
Expense Claims:
Assistance in claiming allowable expenses to reduce your taxable income.
Why Choose Us?
By partnering with LDN Financial you can be confident that your Self-Assessment tax return will be handled professionally and accurately. Our dedicated team ensures all your income is reported correctly, and all relevant deadlines are met, avoiding any potential penalties.
LDN FINANCIAL LTD
Your partner for successful growth .
Our Offices
Headquarters office :
3 Ruckholt close,Leyton , London E10 5NX
Leyton office (appointments):
252 High Rd. Leyton, London E10 5PW
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