Outsource Your Tax Return – and More – to a Dedicated Self Assessment Accountant at Pearl Lemon Accountants. Enjoy priceless peace of mind knowing that your taxes are filed accurately and on time, while also ensuring you pay only what you owe while keeping as much of your hard-earned money as possible.

Who Needs to File a Self-Assessment Tax Return?

Some people believe that it is only the self-employed, or those who run a small business as a sole proprietor, need to worry about completing a self-assessment tax return. However, things are not quite that cut and dried.

It’s certainly true that the self-employed – freelancers who are not tied to a single employer in any way, for example – are subject to self – assessment – and those who have yet to convert their fledgling business into an LLC will need to as well. However, you may also need to do so if your income sources are solely derived from any of the following:

Rental income
Investment income
Foreign income
Share income
Foreign pension income
Maintenance payments

You will not, however, need to file a self-assessment tax return if you only receive PAYE income or your non-PAYE income for the year is under a certain amount. Often one of the first things, as self assessment accountant specialists Pearl Lemon Accountants do for clients is help them determine if they should be filing a self-assessment tax return at all, or if they fall into a different income category that will call for an alternative tax approach.

How Pearl Lemon Accountants Can Help You

Despite official claims to the contrary, self-assessment tax returns take time to complete. Many people find navigating HMRC and effectively documenting their income and expenditure challenging. Self assessment accountants can be invaluable in simplifying this process and ensuring accurate tax submissions.

When it comes to filing your information at the end of the tax year, many business owners spend hours tallying up their numbers and calculating their taxable revenue. And then wondering if they have done everything right, and second guessing all their hard work.

To complicate matters even further, the GOV website isn’t particularly user-friendly, and you’ve undoubtedly had to contact HMRC in the past to figure out where you should be doing what and when.

You can say goodbye to the hard work, spreadsheets, and self-doubt when you hire Pearl Lemon Accountants for your self assessment accountants or self-assessment tax submission. All you have to do is provide us with the necessary documentation to prove your income and expenses and answer some questions about your income and circumstances. Then we’ll take care of the difficult stuff.

Following the completion of your self assessment tax return, as your self assessment accountant, we’ll help you when it comes to making your first and second payments on account for the current tax year. It can be difficult to save enough money to make payments in the thousands of pounds when you are also trying to build a business or launch a freelance career. As a result, we’ll show you how to create a budget that works for you and will be a big help when it comes to making those payments on time.

HMRC can fine you if you don’t fill out your tax return correctly, don’t finish your tax return at all, don’t file your self-assessment tax return on time or don’t pay your taxes. We aren’t just here to assist you with your self-assessment tax obligations. We’ll take care of everything. In fact, we’ll even contact HMRC on your behalf if necessary.

The Benefits of Working with a Self Assessment Accountant

You can file your own self-assessment tax return online yourself, of course. However, there are some significant benefits if you have a self-assessment accountant like Pearl Lemon Accountants do it for you.

No More Tax Anxiety and Last Minute Panic

If you’ve been self-employed or operated a business for a while, Self assessment accountants can help alleviate some of this stress by providing expert guidance and support to ensure your tax affairs are in order.

Taxes don’t have to be a source of last-minute stress. You won’t have to stay up late sorting through your accounts with Pearl Lemon Accountants. Or worrying that you’ve done something terribly wrong and can expect a letter from HMRC any day. Instead, we’ll take care of completing your self-assessment return for you, and you can go back to your life – and work – stress-free.

Ensure You are Submitting Accurate Information

Many business owners confess that filing their taxes is a bit of a guessing game. Unless you’re a whiz with numbers, the occasional payment or expenditure may slip between the cracks in your HMRC submission. Self assessment accountants can help you navigate this complex process and ensure accurate tax filings.

Our skilled self assessment accountants will ensure that all of your account payments are correct when you work with Pearl Lemon Accountants. You won’t get in trouble or risk a big fine if you do it this way. But it’s not all about giving HMRC the money they are due, working with us also helps ensure you get all the tax breaks you qualify for.

Thousands of people don’t claim benefits they are entitled to because they simply don’t know they exist, or they are confused about the criteria for claiming them and want to err on the side of caution. Over the past few years, they have often become even more confused about what they can and cannot claim in light of the frequent changes to the tax rules the pandemic has led to.

As we help you file your self-assessment return, we ask questions, and these ensure that you get every penny back you are entitled to and that you only give the taxman exactly what they are owed!

You'll Save Time and Money

As a business owner or freelancer, you must devote your time to a huge variety of activities and obligations. Self assessment accountants work long hours to do that. And that’s before you even consider your financial situation. It’s understandable if they take a backseat while you struggle to manage your daily obligations. Our self-assessment tax service will save you time and money, allowing you to concentrate on your work and running your business.

More Than Just Self-Assessment Tax Returns

Keep in mind that our self-assessment tax return service is just one aspect of our accounting services for entrepreneurs and self-employed people. Signing up for a greater range of bookkeeping and accounting services from Pearl Lemon Accountants has numerous advantages.

That’s because we aren’t just here to help you with your self-assessment tax return at the end of the year. We will be there for you throughout the year. You’ll be assigned a personal accountant who will keep track of your income and expenses, making it easier to file your taxes when the time comes.

We can also serve as your financial guide, offering advice and strategies that will help you make the most of the money you earn, keep more of it in our bank account (versus handing it over to HMRC) and reinvest in your business to help it grow. Whatever you do, whatever niche you work in, it’s a safe bet that your end goal is to grow your income and our self-assessment accounting team are the perfect people to help you do that.

Ready to learn more about self assessment accountant services from Pearl lemon Accountants? Contact us today and let’s get that conversation started.

When you allow us to keep track of your finances, you give yourself more time to do your work and please more clients. It's a win-win situation for everyone. Aside from that, you'll also gain financial stability because your assets and liabilities are managed well enough not to cause any trouble for you in the future.

So let our experts work for you, and you won't regret it even a bit.

Book a call today to get started.

Let’s Talk Accountancy.

Get in touch today, so we can discuss your accountancy needs, your business, your hopes for the future and just how Pearl Lemon Accountants can help you.