Research shows that around two out of every three UK taxpayers who are required to submit a self-assessment tax return enlist the aid of a qualified accountant to perform the process on their behalf. This startling statistic serves to highlight the important role a certified accountant can play in advising their clients through what can be a complex system for the uninitiated.

With the deadline for personal tax returns now approaching, read on for just some of the many ways in which UK accountants are helping a wealth of individuals and enterprises to complete their submissions to Her Majesty’s Revenue and Customs (HMRC).

Saving time

The process of compiling data and inputting it into an annual tax return can be time consuming for many business professionals. With a personal accountant on your side, you can focus in working or running your enterprise.

Reducing stress

The complexities and calculations involved in a tax return can be stressful. An accountant completing a return for you can offer peace of mind, allowing you to feel safe knowing that you are in the hands of an expert professional.

Saving money

Accountants are well-informed on a wide range of business expenses that you are allowed to claim for, and the rules governing such allowances. As a result, they can make sure that you always list the costs you have been faced with as part of the day-to-day running of your firm. This can range from uniform purchase and maintenance to expenses on new technology used for your firm, like mobile phones or computers.

Avoiding fines and investigations

A tax return that is not submitted on time or correctly can result in fines. Accountants can cast a qualified eye over a return before it is submitted, making sure there are no discrepancies. They can also make sure that returns are always filed before the dates set by HMRC.

Incorrect tax returns can sometimes lead to HMRC investigations. A simple error can lead to a comprehensive search of your company and its records, leading to a significant disruption to your business, along with potential costs. An accountant can ensure your tax return is submitted and accepted smoothly, making the process far less difficult.

Are you in need of tax return services in South Yorkshire?

If you’re looking for expert help with a personal tax return, at Adaptive Accountancy, we can help. Whether you operate a small, limited company, are a CIS subcontractor or operate as a sole trader, our tax return service has been designed to keep the process of filing returns with HMRC simple and straightforward. We can ensure you never miss a tax return deadline and that you hold onto more of your hard-earned income by making certain you always claim back any business taxes you have incurred.

Each year, many business professionals overpay tax. If you’d like to avoid this unnecessary scenario and have your personal tax return checked and submitted by a professional accountant for greater peace of mind, get in touch today.