Take the Help of the Leaders to Make Self Assessment Northampton Easier

The Government of the United Kingdom has an elaborate and complicate tax system. One of the major parts of this system is the system of Self Assessment in the UK. In the UK, most employees are not required to file any tax return as the income is taxed at source under the PAYE system. This means the tax is reduced from the salaries and wages. However, in case of some professionals, there might be certain amount of income which is not taxed at the source. Such professionals and individuals must file a tax return. This is called self assessment. If you are a citizen of the UK, then you need to go through the process if-

• You were self-employed
  
• Your income was over £100,000
  
• Your or your partner’s income was over £50,000 and one of you claimed Child Benefit
• You have received a P800 from HMRC saying that you didn’t pay enough tax last year
• You were a company director. However, you would be exempted if it was a non-profit organization and you didn’t get any pay or benefits of any kind from your service.
• You got £2,500 or more in untaxed income. For example, you have a property on which you collect return or you have investments.
• The income from your investments or savings is more than £10,000 or more before tax
• You have earned profits from selling things like shares, property or other chargeable assets and you need to pay Capital Gains Tax
• You got dividends from shares and you’re a higher or additional rate taxpayer
• You had income from abroad that you needed to pay tax on
• You lived abroad and had a UK income
• You were a trustee of a trust or registered pension scheme.

However, filing for self assessment tax in the UK is a pretty complicated thing and in most cases, you would need the help of experts to do it the right way. If you are in Northampton or the surrounding areas, then you can take the help of the leading accounting firms in Northampton. These firms have highly qualified and trained accounting professionals who provide you with truly professional advice in Self Assessment Northampton. They also help to determine your tax correctly and file the tax the right way. This way you stay away from any issues. So, take the help of the professionals in self assessment Northampton and get a truly professional assistance.