The term ‘self assessment’ is proving to be one of the great misnomers of all time. Many taxpayers struggle to understand the complex tax returns and complete them correctly. In the first year of the regime alone, 775,000 taxpayers received £100 penalties for failing to submit their returns on time, and some 400,000 incurred further penalties because their returns were still outstanding six months later!
The constant stream of changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.
We can save you a lot of time, worry, and money by handling your self assessment for you. We will do all the necessary computations, complete your return, and even offer advice on how you can minimise your tax liability.
We can act as your agent, dealing directly with HMRC on your behalf and, should you be selected for a self assessment enquiry, act for you at any meetings.
• The first job is to provide a careful and accurate picture of your financial affairs that allows you to make informed decisions on the basis of real time information.
• Our next responsibility is to keep abreast of the constantly shifting legal and regulatory framework that undergirds HM Revenues and Customs. To put it in the simplest terms, there are financial moves that used to make tremendous sense which no longer do. Here is where obtaining the services of an excellent accountant can actually make money, as opposed to merely cutting down one’s annual tax liabilities.
• Finally, and most important of all, we promise to be there for you when you need us the most. Tax investigations can happen to literally anyone at all. Many examinations are undertaken merely via random selection. If this should ever happen to you, it is a tremendous comfort to have a panel of highly trained experts putting forth your side of the argument. Being in the right is not nearly good enough, it is important to forcefully make your case through spokesmen who are conversant with every possible precedent and ruling that affects your situation.
Of course, personal tax advice is often an intergenerational exercise as well. Transmitting the results of a lifetime of hard work to the next generation is nearly as important as earning it in the first place. Just as there are many who are relying on the decisions you make, so too can you place your confidence in SPW LLC (UK). Let us show what we can do for you today.