Submitted by
Sestini & Co | on Fri, 03/20/2015 - 20:15 | In
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There was much excitement* on Wednesday when the death of the (annual) self assessment tax return was announced. I experienced a fleeting moment’s thought as my self assessment tax return list flashed up in the recesses of my brain and I wondered how business would look without that work cycle every year.
But of course, income reporting for personal tax and tax computations are not going to go away. Although the announcement and paperwork released to date is short on detail, [- -]
Submitted by
Sestini & Co | on Tue, 01/20/2015 - 8:10 | In
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It’s most certainly that time of year again….Christmas is becoming a distant memory, all but one of the New Year’s resolutions has fallen by the wayside and certain TV and radio channels and billboards are awash with people telling us how much better we’d feel if we had submitted our Self Assessment returns.
Statistics show that only 3-4% of the total Self Assessment returns filed are actually late, but of the remaining 96-97%, a huge proportion tend to be submitted in January [- -]
Submitted by
Sestini & Co | on Sat, 06/14/2014 - 10:23 | In
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Words to strike fear into anyone’s heart? Not necessarily. If, like many people, you have recently received a letter from HMRC about the 2013-14 tax year which is littered with words like “by law” and “penalties”, please don’t panic.
If you have more than one source of income, or might have overpaid your tax due to not having a straightforward work pattern, then submitting a tax return is the best way of making sure you don’t pay more than you should [- -]