Self-Assessment and Tax Returns Made Simple
Do You Need to Send a Tax Return?
You must file a tax return for the last tax year (6 April to 5 April) if any of the following apply:
Self-Employment: You were self-employed as a sole trader and earned over £1,000 (before deducting allowable expenses).
Business Partnerships: You were a partner in a business partnership.
High Income: Your total taxable income exceeded £150,000.
Capital Gains Tax: You sold or disposed of an asset that increased in value and had to pay Capital Gains Tax.
High Income Child Benefit Charge: You were liable for the High Income Child Benefit Charge.
You may also need to file a tax return if you received untaxed income, including:
Rental income from a property.
Tips, commission, or freelance earnings.
Income from savings, investments, or dividends.
Foreign income.
If you’re unsure whether you need to send a tax return, get in touch, and we’ll help clarify your situation.
Filing your self-assessment doesn’t have to be stressful or time-consuming. Let Onsen Accounting take care of the details, so you can avoid mistakes, save time, and maximize your tax savings.
Here’s how we can help:
Accurate Calculations: We ensure every figure is correct, so you stay compliant and avoid penalties.
Timely Submissions: Never miss a deadline—our team ensures your return is filed on time, every time.
Maximized Tax Savings: We identify all eligible deductions and allowances to save you money.
Expert Advice: Get guidance tailored to your financial situation for a smooth tax process.
Hassle-Free Experience: From gathering documents to final submissions, we handle it all.
Take the stress out of self-assessment and let our experts simplify the process for you today!