Directors' Self Assessment Tax Returns

RIFT Accounting provides Self Assessment tax return submission for Company Directors and Partners in Businesses as part of our Small Business and Sole Trader packages.

Call us on 01233 653006 today.

Whether you're the Director of a deep-space exploration company or a freelance paranormal investigator, you'll need to get your returns submitted by rigid deadlines each year or HMRC will set the dogs on you.

It can be stressful and difficult picking your way through the minefield of Self Assessment returns, and a minor loss of footing can lead to months of expensive headaches later on. Here's some of the information you'll be expected to provide:

• Details of any income from employment (P60, P11D, etc.).
• Interest or share dividends.
• Full accounts of your business if you're self-employed.
• Additional income from, for example, rent if you have a buy-to-let.
• All information about deductible expenses like gift aid donations or pension contributions.

As part of our Business Bodyguarding service, RIFT Accounting can become your official agent with HMRC. This means that we can take on all the work and hassle of dealing with them for you, so you can get back to building your business.

With Clear Books, our cloud accounting partners, we can keep all the records you need for your Self Assessment returns accurate and up-to-date in real time, and you'll always have access to your financial information whenever and wherever you need it.

As your agent with HMRC, we'll fill in and submit your returns for you so you'll never need to worry about missing a deadline or filing an inaccurate return. We can even talk you through the expenses you can claim and make sure you're never paying too much or missing out.

You must be able to provide records of all information used to complete your tax returns for 22 months after the end of the tax year. Self-employed and those having income from letting out a property have to keep their records for five years and ten months.

Whether you need a nudge in the right direction or a guide for your whole journey, get in touch with RIFT Accounting and let us take care of your Self Assessment needs.

Even if you're not working for yourself, you may have to fill in a Self Assessment return if you've got additional income that isn't taxed at source, so it's worth getting advice if you think you might qualify. If you need help or advice with completing a stand alone self assessment claim please visit our Self Assessment Services Website.