As a self-employed individual, you are responsible for completing a self assessment tax return to report your income and expenses to HM Revenue and Customs (HMRC). This process involves several key obligations: 1. **Register for Self Assessment:** You must register for self assessment with HMRC if you haven't already done so. This should be completed by October 5th following the end of the tax year in which you became self-employed. 2. **Maintain Accurate Records:** Keep detailed records of all your business income and expenses. This includes invoices, receipts, and any other documentation that supports your financial activity. 3. **Submit Your Tax Return:** Complete and submit your self assessment tax return online by January 31st following the end of the tax year. If filing by paper, the deadline is earlier, on October 31st. 4. **Paying Taxes:** Calculate and pay any income tax and National Insurance contributions that are due by the same January 31st deadline. You may also need to make payments on account for the next tax year. www.mysimplytax.com specialises in assisting both employed and self-employed individuals with their self assessment tax returns across the UK. Our services ensure that you meet all your obligations timely and accurately, minimising the risk of errors or late penalties. Our experienced team can help you register with HMRC, maintain your financial records, complete and submit your tax return, and calculate your tax liabilities. With offices in London and Bromley, we offer personalised support tailored to your specific circumstances, making the self assessment process straightforward and stress-free. Let us handle the complexities of tax compliance so you can focus on running your business. For more information or to get started with our services, visit www.mysimplytax.com.

At www.mysimplytax.com, we specialise in simplifying the self assessment process for both employed and self-employed individuals. If you're an employed individual, our expert team provides comprehensive support to ensure your tax return is accurate and submitted on time. We offer personalised guidance to help you understand which expenses you can claim, such as work-related travel, uniforms, and professional fees, to minimise your tax liability. Our service also includes a thorough review of your income and tax deductions to identify any discrepancies. As a London and Bromley-based local business with nationwide reach, we are dedicated to making the tax return process as stress-free as possible for our clients. Contact us today to see how we can simplify your tax return process and ensure compliance with HMRC regulations.

The Construction Industry Scheme (CIS) tax rebate is a tax relief available to self-employed construction workers and subcontractors who have had tax deducted from their income under the CIS. The rebate allows these individuals to reclaim any overpaid taxes, often resulting in a significant return. www.mysimplytax.com specialises in helping both employed and self-employed individuals navigate the complexities of Self Assessment, including claiming CIS tax rebates. Our experts will meticulously review your income, expenses, and deductions to ensure you receive the maximum rebate you are entitled to. With our professional and thorough service, we simplify the tax reclaim process, allowing you to focus on your work while we handle the paperwork. Furthermore, we offer personalised assistance based in London and Bromley, ensuring that your specific needs and circumstances are fully understood and addressed.

At www.mysimplytax.com, the time it takes to complete a tax return can vary depending on the complexity of your financial situation. For straightforward cases, where all necessary documentation is provided promptly, tax returns can often be completed and submitted within 24 hours. More complex cases, such as those involving multiple income streams or intricate self-employment details, may take a bit longer, approximately 2 days. Our team of specialists is committed to ensuring accuracy and compliance, so we work diligently to complete your tax returns efficiently while providing comprehensive service. To expedite the process, make sure you have all relevant financial records and information ready when you start your tax return with us.

At www.mysimplytax.com, we understand the importance of financial flexibility, especially when dealing with tax-related matters. Therefore, we do not require any upfront payments for our services. Our goal is to make the process as seamless and accessible as possible for employed and self-employed individuals across the nation. We offer a transparent pricing structure, and you’ll only be billed once the specific tax service you have opted for is successfully completed. This way, you can focus on your finances without worrying about initial costs. For more details on our pricing and services, please visit our website or contact our team based in London and Bromley.

A UTR (Unique Taxpayer Reference) number is essential for anyone in the UK who needs to complete a Self Assessment tax return. At www.mysimplytax.com, our nationwide team specialises in assisting both employed and self-employed individuals with their Self Assessment needs. A UTR number is a unique 10-digit identifier assigned by HM Revenue and Customs (HMRC), and it is crucial for accurately filing your taxes. Without a UTR number, you will be unable to file your Self Assessment tax return, potentially resulting in penalties or delays in processing your return. Whether you're based in London, Bromley, or anywhere else in the UK, our professionals ensure that your tax affairs are managed efficiently and correctly, starting with obtaining and using your UTR number appropriately. We can help guide you to get registered and provide support at every stage through to submission of your return.

Call our London Office on 02080495095

No, sorry we do not support Limited Company tax returns.

We are open 08:30am - 18:00pm Mon - Fri and 10:00am - 16:00pm Saturdays. If you need us outside of these hours, simply email support@mysimplytax.com

Yes, we are the Nationwide CIS Tax Rebate Specialists and guarantee maximum compliant rebates to all our clients with a super fast turnaround time and no upfront fee!