...

Expert Accountant for Self-Assessment in Birmingham

Get an expert accountant for self-assessment in Birmingham from Peer Accountants – your reliable and experienced accountant near you.

Please Send Us Your Inquiry Inquiry Inquiry

Expert Accountant for Self-Assessment in Birmingham

Get an expert accountant for self-assessment in Birmingham from Peer Accountants – your reliable and experienced accountant near you.

Please Send Us Your Inquiry Inquiry Inquiry

Are you looking for a reliable and experienced accountant for self-assessment near you to help you with your self-assessment tax needs? In Birmingham, there is no better option than Peer Accountants. Our devoted professionals have expertise in offering superior accounting services customised to fulfil your specific tax needs.

It can be difficult to navigate the self-assessment tax forms. Still, you can feel comfortable after realising that your financial matters are in competent hands when working with our self-assessment accountant. Our skilled accountants will ensure that your self-assessment is completed quickly and correctly because our expert team is knowledgeable about the tax laws.

At Peer Accountants, we recognise that each client has unique requirements. We’ll work with you to understand your situation and provide customised tax solutions.

Why Choose Peer Accountants as Accountant for Self-Assessment?

Peer Accountants is the best option for residents of Birmingham looking for dependable and effective self-assessment services. Our customised and committed services distinguish us from traditional accounting firms.

Our Dedicated Services

Our qualified accountants have great knowledge of self-assessment processes, and we promise to stay up-to-date on the latest UK tax laws and provide personalised tax planning to help you reduce your tax burden and comply with HMRC laws. We can help you to collect and organise all required tax information, and we will also fill out the forms and send them to HMRC on your behalf before the deadline. 

Expertise

We have a history of successfully managing self-assessments for various Birmingham residents and companies. Whether you are a freelancer, landlord, property or Business owner we can customise our services to meet your requirements.

Reliability and Peace of Mind

We take great care to ensure that your tax return is correct and legal, reducing the possibility of mistakes and possible penalties from HMRC. You can rely on us to manage the complexity of tax laws and regulations on your behalf. This will help you focus on what’s important for your business and health.

Effective Communication

We offer guidance all year; we are here to help you whenever needed and give you expert advice on handling the complicated tax procedure. Our friendly accountants in Birmingham are always accessible to answer your inquiries in a simple and concise manner. 

Are you ready to make your Self-Assessment easier?

We guarantee 100% compliance and accuracy at every stage of the self-assessment process because our very talented accountants specialise in personal tax returns. When looking for an accountant for self-assessment near me, Peer Accountants is the most convenient choice due to our proximity to customers in Birmingham. You can trust us to help you do a stress-free self-assessment that puts your financial health first.

Why not book your free initial consultation and see how we can help you reach your financial objectives.

Why Choose Peer Accountants as Accountant for Self-Assessment?

Peer Accountants is the best option for residents of Birmingham looking for dependable and effective self-assessment services. Our customised and committed services distinguish us from traditional accounting firms.

Our Dedicated Services

Expertise

Our qualified accountants have great knowledge of self-assessment processes, and we promise to stay up-to-date on the latest UK tax laws and provide personalised tax planning to help you reduce your tax burden and comply with HMRC laws. We can help you to collect and organise all required tax information, and we will also fill out the forms and send them to HMRC on your behalf before the deadline. 

We have a history of successfully managing self-assessments for various Birmingham residents and companies. Whether you are a freelancer, landlord, property or Business owner we can customise our services to meet your requirements.

Reliability and Peace of Mind

Effective Communication

We take great care to ensure that your tax return is correct and legal, reducing the possibility of mistakes and possible penalties from HMRC. You can rely on us to manage the complexity of tax laws and regulations on your behalf. This will help you focus on what’s important for your business and health.

We offer guidance all year; we are here to help you whenever needed and give you expert advice on handling the complicated tax procedure. Our friendly accountants in Birmingham are always accessible to answer your inquiries in a simple and concise manner.

Are you ready to make your Self-Assessment easier?

We guarantee 100% compliance and accuracy at every stage of the self-assessment process because our very talented accountants specialise in personal tax returns. When looking for an accountant for self-assessment near me, Peer Accountants is the most convenient choice due to our proximity to customers in Birmingham. You can trust us to help you do a stress-free self-assessment that puts your financial health first.

Why not book your free initial consultation and see how we can help you reach your financial objectives.

Frequently Asked Questions

Do I need to file a Self Assessment Tax Return?

You need to file a Self Assessment Tax Return if any of the following applies to you during a tax year (from 6th April to 5th April next year):

  • You earn more than £1,000 a year (before deducting expenses) from all self-employed income sources.
  • You are a partner in a business.
  • You are a director and receive untaxed income from a company.
  • You are a shareholder and receive dividends more than your dividends allowance.
  • Receive more than £1,000 a year (before deducting expenses) rental income from property (unless covered by rent-a-room scheme).
  • You have savings income more than your personal savings allowance.
  • You want to claim employment expenses over £2,500 in a year.
  • You made a capital gain on assets such as property, shares, etc and need to pay tax.
  • You work under the Construction Industry Scheme (CIS) scheme.
  • Earn £100,000 or more in a year.
  • Earn more than £50,000 and receive child benefit.
  • Receive foreign income that needs to be declared in the UK (except if your foreign income consists only of dividends, which will be covered by dividend allowance).
  • You made excess gift aid contributions or pension contributions.
  • You are not a UK resident and have taxable income in the UK.
  • Income from taxable savings and investments of £10,000 or more before tax You are a trustee or the executor of an estate.
  • You want to claim relief under a double taxation agreement or a claim for remittance basis.

The deadline to register for Self Assessment in the UK is 5 October, following the end of the tax year for which you need to file a tax return. For example, if you need to file a tax return for the tax year that ended on 5 April 2024, you should register by 5 October 2024. You don’t need to panic if you missed the deadline to register for Self Assessment and file your tax return on time for a tax year. Please contact us at your earliest convenience so we can apply for your UTR number. HMRC will issue you a UTR number and allow you three months to file your tax return and pay your tax bill.

You can register for Self Assessment online by visiting https://www.gov.uk/register-for-self-assessment. Alternatively, you can ask your accountant to apply on your behalf. Please note that the registration process can be complex and may vary based on your sources of income and personal circumstances. If you need any assistance, please feel free to contact us.

Trading allowance is a tax exemption available in the UK that allows individuals to earn up to £1,000 per tax year from self-employment without reporting this income to HMRC. You don’t have to declare your income or pay tax if your income is less than the allowance. However, if your income exceeds £1,000, you can deduct the allowance from your income instead of actual expenses when calculating taxable profit.

A U.T.R (Unique Taxpayer Reference) number is a 10-digit code HMRC assigns in the UK. It’s used to identify individuals, companies, and other entities within the tax system, ensuring their tax records and payments are correctly processed. Individuals receive a UTR when registering for Self-assessment or setting up a partnership business or a limited company. It’s essential for filing tax returns and managing your affairs with HMRC.

In the United Kingdom, taxpayers are required to submit their Self Assessment tax return and pay any tax owed by 31 January of the year following the tax year. The tax runs from 6 April to 5 April of the following year. Therefore, for the tax year ending on 5 April, you must submit your tax return and pay any tax due by 31 January next year. For example, if the tax year runs from 6 April 2023 to 5 April 2024, you must submit your Self Assessment tax return and pay any owed tax by 31 January 2025.

If you choose to file a paper tax return instead of filing online, the deadline is earlier, on 31 October following the end of the tax year. Using the same example, the deadline for a paper return for the 2023-2024 tax year would be 31 October 2024.

If you don’t file your tax return on time, you will be charged an initial penalty of £100. To avoid further penalties, you must file your tax return within 30 days of receiving the penalty letter or, at the latest, within three months. If you owe any tax, you will also receive a late payment penalty of £100 and must pay interest on the outstanding tax amount.

Our HMRC Penalty and Appeals service can help you file your tax return within 30 days and cancel penalties by filing an appeal on your behalf to HMRC.

If you find any mistakes in your tax return after submitting it, you can amend it. The changes you make will adjust your tax bill accordingly. You may owe more tax or become eligible for a refund, depending on the adjustments.

To rectify any errors, you can revise your tax return online within 12 months of the self-assessment deadline or by submitting another paper return. If you miss this deadline, you must post the amended tax return to HMRC.

If you earn untaxed income from self-employment or other sources, filing a Self Assessment Tax Return is mandatory even if you have incurred losses. The good news is that these losses can either be offset against the total income of the current tax year or carried forward and offset against future profits of the same business, which can decrease your tax bills in the future. However, to carry forward losses, you must file a tax return.

Ther are three ways to pay self-assessment income tax:

  1. Bank transfer. Account name: HMRC Self Assessment Shipley, Sort Code: 08-32-10, Account No: 12001020
  2. By credit or debit card: Self-assessment tax payment link
  3. By telephone: 0300 200 3841


Payment reference number: your personal UTR number followed by ‘K’.

If you cannot pay HMRC in full by the deadline, please call 0300 200 3402 before the due date to set up a monthly payment plan to settle the personal tax amount and avoid late payment penalties or surcharges.

If you can’t get hold of HMRC over the phone, you can chat with HMRC online.

You can also set up a payment plan online with HMRC. (You must do this before the payment deadline).

If you are not required to file a tax return because all your income is taxed through PAYE and you have no additional tax obligations, you can contact HMRC at 0300 200 3310 to request withdrawal of the tax return. If HMRC approves your request, you won’t longer need to submit a return. It is essential to note down the date, time, and name of the HMRC agent you spoke to and call the reference number for your records.

After making a request, you should receive a confirmation letter from HMRC within two weeks. If you are still waiting to receive the confirmation letter, contact HMRC again at 0300 200 3310. If you can’t get hold of HMRC over the phone, you can chat with HMRC online.

It depends on how you filed your tax return.

  1. If you filed your tax return using the HMRC portal, you can log in to your online gateway account and print the SA 302 report.
  2. If you or your accountant filed your tax return using a commercial software:
    • HMRC will post the SA302 report to your home address within two to four weeks.
    • If it has not arrived in the post, you can call HMRC at 0300 200 3310 to request the SA302 report.

                    If you can’t get hold of HMRC over the phone, you can chat with HMRC online.

Frequently Asked Questions

Do I need to file a Self Assessment Tax Return?

You need to file a Self Assessment Tax Return if any of the following applies to you during a tax year (from 6th April to 5th April next year):

  • You earn more than £1,000 a year (before deducting expenses) from all self-employed income sources.
  • You are a partner in a business.
  • You are a director and receive untaxed income from a company.
  • You are a shareholder and receive dividends more than your dividends allowance.
  • Receive more than £1,000 a year (before deducting expenses) rental income from property (unless covered by rent-a-room scheme).
  • You have savings income more than your personal savings allowance.
  • You want to claim employment expenses over £2,500 in a year.
  • You made a capital gain on assets such as property, shares, etc and need to pay tax.
  • You work under the Construction Industry Scheme (CIS) scheme.
  • Earn £100,000 or more in a year.
  • Earn more than £50,000 and receive child benefit.
  • Receive foreign income that needs to be declared in the UK (except if your foreign income consists only of dividends, which will be covered by dividend allowance).
  • You made excess gift aid contributions or pension contributions.
  • You are not a UK resident and have taxable income in the UK.
  • Income from taxable savings and investments of £10,000 or more before tax You are a trustee or the executor of an estate.
  • You want to claim relief under a double taxation agreement or a claim for remittance basis.

The deadline to register for Self Assessment in the UK is 5 October, following the end of the tax year for which you need to file a tax return. For example, if you need to file a tax return for the tax year that ended on 5 April 2024, you should register by 5 October 2024. You don’t need to panic if you missed the deadline to register for Self Assessment and file your tax return on time for a tax year. Please contact us at your earliest convenience so we can apply for your UTR number. HMRC will issue you a UTR number and allow you three months to file your tax return and pay your tax bill.

You can register for Self Assessment online by visiting https://www.gov.uk/register-for-self-assessment. Alternatively, you can ask your accountant to apply on your behalf. Please note that the registration process can be complex and may vary based on your sources of income and personal circumstances. If you need any assistance, please feel free to contact us.

Trading allowance is a tax exemption available in the UK that allows individuals to earn up to £1,000 per tax year from self-employment without reporting this income to HMRC. You don’t have to declare your income or pay tax if your income is less than the allowance. However, if your income exceeds £1,000, you can deduct the allowance from your income instead of actual expenses when calculating taxable profit.

A U.T.R (Unique Taxpayer Reference) number is a 10-digit code HMRC assigns in the UK. It’s used to identify individuals, companies, and other entities within the tax system, ensuring their tax records and payments are correctly processed. Individuals receive a UTR when registering for Self-assessment or setting up a partnership business or a limited company. It’s essential for filing tax returns and managing your affairs with HMRC.

In the United Kingdom, taxpayers are required to submit their Self Assessment tax return and pay any tax owed by 31 January of the year following the tax year. The tax runs from 6 April to 5 April of the following year. Therefore, for the tax year ending on 5 April, you must submit your tax return and pay any tax due by 31 January next year. For example, if the tax year runs from 6 April 2023 to 5 April 2024, you must submit your Self Assessment tax return and pay any owed tax by 31 January 2025.

If you choose to file a paper tax return instead of filing online, the deadline is earlier, on 31 October following the end of the tax year. Using the same example, the deadline for a paper return for the 2023-2024 tax year would be 31 October 2024.

If you don’t file your tax return on time, you will be charged an initial penalty of £100. To avoid further penalties, you must file your tax return within 30 days of receiving the penalty letter or, at the latest, within three months. If you owe any tax, you will also receive a late payment penalty of £100 and must pay interest on the outstanding tax amount.

Our HMRC Penalty and Appeals service can help you file your tax return within 30 days and cancel penalties by filing an appeal on your behalf to HMRC.

If you find any mistakes in your tax return after submitting it, you can amend it. The changes you make will adjust your tax bill accordingly. You may owe more tax or become eligible for a refund, depending on the adjustments.

To rectify any errors, you can revise your tax return online within 12 months of the self-assessment deadline or by submitting another paper return. If you miss this deadline, you must post the amended tax return to HMRC.

If you earn untaxed income from self-employment or other sources, filing a Self Assessment Tax Return is mandatory even if you have incurred losses. The good news is that these losses can either be offset against the total income of the current tax year or carried forward and offset against future profits of the same business, which can decrease your tax bills in the future. However, to carry forward losses, you must file a tax return.

Ther are three ways to pay self-assessment income tax:

  1. Bank transfer. Account name: HMRC Self Assessment Shipley, Sort Code: 08-32-10, Account No: 12001020
  2. By credit or debit card: Self-assessment tax payment link
  3. By telephone: 0300 200 3841


Payment reference number: your personal UTR number followed by ‘K’.

If you cannot pay HMRC in full by the deadline, please call 0300 200 3402 before the due date to set up a monthly payment plan to settle the personal tax amount and avoid late payment penalties or surcharges.

If you can’t get hold of HMRC over the phone, you can chat with HMRC online.

You can also set up a payment plan online with HMRC. (You must do this before the payment deadline).

If you are not required to file a tax return because all your income is taxed through PAYE and you have no additional tax obligations, you can contact HMRC at 0300 200 3310 to request withdrawal of the tax return. If HMRC approves your request, you won’t longer need to submit a return. It is essential to note down the date, time, and name of the HMRC agent you spoke to and call the reference number for your records.

After making a request, you should receive a confirmation letter from HMRC within two weeks. If you are still waiting to receive the confirmation letter, contact HMRC again at 0300 200 3310. If you can’t get hold of HMRC over the phone, you can chat with HMRC online.

It depends on how you filed your tax return.

  1. If you filed your tax return using the HMRC portal, you can log in to your online gateway account and print the SA 302 report.
  2. If you or your accountant filed your tax return using a commercial software:
    • HMRC will post the SA302 report to your home address within two to four weeks.
    • If it has not arrived in the post, you can call HMRC at 0300 200 3310 to request the SA302 report.

If you can’t get hold of HMRC over the phone, you can chat with HMRC online.

Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.