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Basically, a tax return is a detailed financial report you submit to the government annually, outlining your income, deductions, and taxes paid, to determine if you owe more or are due a refund.
Following are the most common reasons why you would need to complete this:
HM Revenue & Customs staff are not responsible to advise you the best way to organise your tax affairs and minimise your tax liability.
Limited Companies are also responsible to prepare and submit this. Moreover, Stewart Accounting Service can assist you with your company tax obligations. We can:
As with self assessment, there are strict penalties and interest that will be applied if you don’t submit your corporate tax filing at the correct time and pay your corporation tax by the due date. Taxwise seminar schedule available here.
As a small company a few years ago we were very unsure how to navigate the accounts side of things especially matters around HMRC, thankfully we sough advice from Stewarts accounting, Mark Stewart helped guide us and took care of everything, He also gave us advice on things outwith our terms and has also suggested some great software to help us get going. We have now made the transition to a medium sized company and Stewarts accountants have been great all the way. Mark is always available to talk. We would highly recommend this service.
