TAXATION

SELF ASSESSMENT


Probably the most misleading statement you are likely to hear.

Personal Tax Returns are still very complex to those unfamiliar with tax terms and rules but are still the responsibility of the individual.

If you are struggling to complete yours, or you just want to shift the responsibility to someone else then forward it onto Sum It.

We will :
- Tell you exactly what information you need to supply to us in plain english.
- Remind you to supply this in time to meet the deadlines.
- Complete the Return on your behalf and provide you with a copy to review.
- Submit on line on your behalf, after your authorisation.
- Remind you of how much and when to pay.

And the best bit - highlight any tax saving opportunities.

CORPORATION TAX

The companies Tax Return is the responsibility of the directors to complete. This must be returned to HM Revenue and Customs 12 months after the year end date but if any liability has arisen this tax must be paid 9 months and 1 day after the end of the year.

Quite often special allowances are available to small businesses as incentives. Unless you are fully up to date with tax rules it is very easy to miss these allowances, so maybe you are paying too much tax !!

If you have appointed Sum It to complete your accounts and assist with your statutory obligations why not let us complete your Companies Tax Return as well. This way we can make sure you are taking advantage of any tax savings available to your business and relieve you from the administrational responsibility of completing the return.

Provided we are appointed in time it may be beneficial to have a meeting pre year end to determine strategy for maximising all tax saving opportunities.