Self Assessment Tax Returns And How To Do It Online

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Can you do your self-assessment Ideal Tax Review return yourself?
Most taxpayers will look for help from accountants who are near to them. High street accountants will prepare and complete tax returns starting from 99.00 plus VAT, while remote accountants can do it for as low as 50. But how do you find an accountant, what should you pay and what do you get?



A Google search elicits scores of services promising "We won't be beaten on price", but the first thing to remember is that in the UK anyone can call themselves an accountant, whether they have qualifications or not. So, check the firm's status. How many of the staff are members of professional bodies like ICAEW, ACCA, CIMA, AAT and IFA?

Don't be fooled by words such as "professional" or "tax expert" - they mean little.

All professional bodies operate a find-an-accountant service and can give information about accountants near to your place. You can claim the cost of your accountant's fees - for preparing your Ideal Tax Review return, for example - as a tax deduction.

You may opt for cheap online accountants, but critics call the cheap online services "sausage factories".

A 50 online filing service will be just that. You must provide all the figures and calculations and they will just put it in the form and submit to HMRC. There will be no advice or questions raised.

On the other hand, most of self-employed personas and gig economy workers will have a turnover less than 25,000 and hiring a local accountant will not seem to be a cheap option. Neither Chartered Accountants or ACCA will be cost effective.


This always leaves the option to start put your accounts together yourself. It may not be too late. In the event you loved this post and you would want to receive more info about Ideal Tax Review please visit our web page. You must do proper bookkeeping, must be well conversant with the computer and excel sheets or any online bookkeeping software you use and should be able to distinguish between revenue and capital expenditure.

Sending your data to Tax Accountant, a Specialist tax Consultancy will not cost you much but you can get free advice and a dedicated accountant looking at your data and advising you on the correct treatment of it.
Aatif Malik Managing Director Apex House, Calthorpe Road Birmingham B15 1TR Tel: 0800 135 7323 (adsbygoogle = window.adsbygoogle || []).push({});