Stay in tax compliance with self assessment in Rochdale. We can help you with a comprehensive range of services for personal and business taxation matters. Our services are used by a range of companies from start-ups to multinational corporations. We can assist clients with business accounts, payroll, and VAT, apart from personal taxation. Our friendly, highly-trained, thoroughly professional staff have the experience, expertise and knowledge to provide the best solutions to suit your needs, preferences and budget.
For residents in Rochdale, self assessment has to be completed to show your income and capital gains and also claim allowances and reliefs. Many clients assume that this is a tax, but it is in fact a method of paying taxes. It is based on the principle that the individual is responsible for filing an annual tax return if you fall under the norms and also for paying the taxes due in that year. All your taxable income has to be included and also capital gains if applicable. In most cases, taxes are collected at source, as in the case of the PAYE (pay as you earn) scheme, if they’re employed. In this case, you don’t have to pay taxes, unless you’re self-employed, or a partner in a partnership firm, company director, religious minister or trustee/executor of an estate. Self assessment also applies to those who have untaxed income, earn income from trusts/settlements, have taxable foreign income or have income above a certain level.
For self assessment in Rochdale, we can also advise you about the filing deadlines in the UK. Self assessment in the UK should be filed within the prescribed time lines. You also need to maintain financial records either on paper or digitally. We can submit your assessment either by post or online and help you spread the payments over a budget payment plan. Failure to meet these requirements can attract penalties and high fines. For help with self assessment, contact Neal Frain Chartered Accountants. Most of our business comes to us via recommendations from satisfied clients. We are proud of our reputation for being efficient, discreet and swift in our working, along with a customer-centric approach to any project, no matter how big or small.