Self Assessments - Tax Returns

New Tax Year - File Your Return by 31st January 2025

What is the purpose of a Self Assessment Tax Return? 

The purpose of the Self Assessment Tax Return is to ensure that individuals accurately declare their income and any relevant deductions or allowances. This process applies to a wide range of individuals, including self-employed workers, sole traders, landlords, and company directors, who have income sources not taxed at source.

Taxpayers are required to submit their completed Tax returns by specific deadlines, either online or through paper forms, and failure to do so or providing inaccurate information may result in penalties. Preparing even the most straightforward tax return can be complicated. There are various deadlines and responsibilities for taxpayers to be aware of. This is where Kennedys Accounting can support you.

The employees at HM Revenue & Customs aren't responsible for providing guidance on how to arrange your finances to reduce your taxes. Hence, if you aim to ensure accurate tax payments, seeking advice from a qualified professional is advisable.

Why would a Tax Return be required?

*You are self employed or a partner in a partnership

*You are a company director

*You have large amounts of savings or investment income

*You have untaxed savings or investment income

*You own land or property that is being let

*Your household receives Child Benefit and you have income in excess of the threshold for this

*You have income from overseas

*You have sold or given an asset away (such as a holiday home or some shares)

*You’ve lived or worked abroad or aren’t domiciled in the UK

 

Chris and Nettie...

What we offer

Whether you are CIS and looking for your refund, have buy-to-let properties for residential or holiday lets, are self-employed and need to pay income tax and national insurance on your profits, or maybe have a capital gains tax liability, get in touch.

There are many reasons why a personal self-assessment tax return may be required. Kennedys is always on hand to help and guide you through the process.

  • A qualified member of our accountancy team files all tax returns.
  • The sooner you know your payment amount, you can budget to make the payment on time.
  • We do not charge a percentage of any refund due—just a set fee, which we will agree to with you before we start work.

As part of our service mentioned above, we offer an analysis of your self-assessment tax return to identify potential tax savings. Additionally, we review the form for any irregularities that require attention before submission.

With a fixed, competitive price, we aim to alleviate the stress associated with self-assessment tax returns, enabling you to focus on managing your business effectively.

  • Complete your tax return
  • Calculate your tax liability
  • File the return online
  • Liaise with you on the amounts to be paid and when they are due
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Case Study by Jays Roofing Ltd

Our success story on using Kennedys Accounting for a Self Assessment Tax Return

I first spoke with Kennedys Accounting two years ago, as I was not confident that the accountant I had been using fully understood my accounting, and I felt like I was just a number to them.

When I engaged Kennedys Accounting, they properly reviewed my self-employment income, collated my records, and reviewed my previous tax returns. As a result of this exercise, not only did they secure me a large tax refund, but they also advised me on how to operate my business going forward, from which I am still benefiting financially.

I have subsequently referred family members to Kennedys Accounting who have also benefitted from excellent service, and I would be pleased to recommend their services to others – they have really made a difference to the way I work, and they are worth every penny.

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160 Eureka Park, Upper Pemberton, Kennington, Ashford, Kent TN25 4AZ

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