If you feel embarrassed about finding self-assessment forms difficult, don’t be. Even Albert Einstein himself said that, ‘The hardest thing in the world to understand is income taxes.’
The self-assessment system of income tax was introduced in 1997 and has been the plight of self-employed people ever since. One of the benefits of this system, however, is that you can ensure you get the best returns for your hard-earned cash.
Who qualifies for self-assessment tax returns?
People who qualify for self-assessment tax returns include self-employed people and company directors; individuals with income from letting property; and those who receive untaxed income. The system also covers those who receive income from a trust or settlement.
If you feel bemused by the whole process, then you’re certainly not alone. Many people struggle to fill in the forms themselves; particularly if they have never done one before. But with the online deadline looming on the 31st January, you don’t want that form hanging over you all Christmas.
Why not let our friendly team at We Do Any Tax Return take off the pressure?
If you’re self-employed and need to fill in an online assessment, We Do Any Tax Return will take care of matters, including preparing and submitting your self-assessment tax form while keeping you fully informed of the process.
Discover more about our online tax return services today.
Please click here to read our previous article.