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Are you unsure whether or not you need to do self-assessment as a sole trader or individuals? Self-assessment tax returns are for individuals and sole traders who did not receive a commission from a full-time job.
The filing deadline is the 31st of January next year. The period in which an individual has to submit the form starts on the 6th of April. This means that the tax period starts on the 6th of April 2020, for example, and finishes on the 5th of April 2021. In this case, the self-employed or sole trader has to submit the self-assessment tax return by the 31st of January 2022.
Individuals may apply their self-assessment tax returns electronically or directly to HMRC. Be cautious and ensure that you are not only correctly completing your self-assessment but also paying the necessary taxes. Professional services, such as an accountant or bookkeeper, should always be consulted. Persona Finance strives to assist you in preparing tax returns electronically and submitting your self-assessment.
We are a London-based accounting company that works with businesses throughout the United Kingdom and Europe. By providing a universal self-assessment service, our expert online accountants hope to ease the burden sometimes associated with HMRC self-assessment and assist you in avoiding costly mistakes. To find out if you need to file a self-assessment, contact Persona Finance at +443300271860 or enquiries@personafinance.co.uk.
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We charge a monthly fee based on your business type. You do not spend time on searching relevant information on the internet. Ask the accountant a question and we will be back to you with the quote for your business.