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The prospect of completing a Self Assessment tax return by oneself typically evokes a strong sense of dread in small business owners.
If you’ve ever gone through this trial-by-fire of tax administration, and had the pleasure of dealing with HMRC’s ‘‘Tax helpline’’, then you’ll be all too aware of the challenges involved.
The dream of self-employment can quickly become a nightmare, when receipts go missing and calculating expenses has you up until the small hours.
At some point most self-employed people in the UK will ask themselves the question, ‘’Should I use an accountant for my Self Assessment tax return..?’’
Well, obviously we might be slightly biassed, but the answer is an emphatic HELL YES!
Using an accountant for Self Assessment has a range of benefits that make filing your tax return quicker, easier and cheaper.
Read the 5 main reasons below to find out how and why:
- Never miss deadlines - Say goodbye to the panic of missed deadlines. An accountant is like your personal timekeeper, diligently tracking all of HMRC's key registration and filing dates. They don't just remind you; they take the reins and file for you, ensuring that every important deadline is met in good time. Last year alone 600,000+ people missed filings! Facing minimum £100 fines each.
- Stay compliant and error-free - It’s very easy to slip up with the UK’s complicated and changeable tax laws and regulations. That's where an accountant steps in, transforming confusion into clarity. They ensure your tax return is not only compliant but also free from costly errors, thus shielding you from unexpected fines/penalties that can often exceed the cost of their services.
- Stay tax efficient - Maximising your financial efficiency is a fine art, and your accountant is the artist. By meticulously reviewing your finances, they ensure you're claiming every allowable expense and taking advantage of every tax relief available. Their expertise often uncovers hidden savings, offering not just tax efficiency but potentially significant financial gains.
- Save time and stress - The time and effort spent in tax preparation can be overwhelming. An accountant takes this burden off your shoulders, handling the intricate administrative tasks and filing your return. This not only frees up your time but also saves you the stress of frantically scouring your office for documents or doing hours of tedious calculations.
- Point out future money-saving opportunities - An accountant is more than just a tax-time ally; they are a year-round consultant. They keep you informed about cost-saving opportunities, offer tips for business growth, and keep you abreast of changing tax regulations. Their proactive advice can be instrumental in shaping the financial future of your business, turning tax planning into a strategic asset for growth and stability
So, as you can see, there's a pretty strong case for seeking assistance from an accountant to file your tax return.
How Crunch Can Save You from a Taxing Tax Filing Ordeal
Filing your Self Assessment tax return can often feel like a distracting and frustrating admin mountain to climb. But with Crunch, this taxing ordeal turns into a smooth and stress-free journey. Our approach to tax filing is rooted in experience, driven by expert knowledge, and enhanced with a touch of human warmth
Decades of Experience - At Crunch, we bring years of experience to the table. Having filed over 50,000 tax returns! Our history is built on helping small businesses and self-employed individuals navigate tax filing with confidence and ease. We understand the ins and outs of tax laws, ensuring that your returns are not just compliant but optimised for your unique situation.
Glowing Reviews - Don't just take our word for it - our clients' experiences speak volumes. With over 1000 positive reviews and testimonials, we've proven time and again that we're more than capable of handling the toughest tax challenges. Our clients value not just our expertise but also our commitment to making their tax filing experiences as seamless as possible.
Team of Experts - Our team is composed of highly qualified Chartered accountants and tax experts. They're not just number crunchers; they're advisors who take the time to understand your business and provide tailored guidance.
Real, Human Support - At Crunch, unlike most online accountants, we believe in the power of real, human interaction. When you're with us, you're not just another number. You receive personalised support from our friendly team, who are always ready to answer your questions, offer advice, and guide you through every step of the tax filing process.
Choosing Crunch for your Self Assessment means more than just getting your taxes done. It means peace of mind, knowing that you're backed by a team that's as invested in your financial success as you are. Say goodbye to tax filing nightmares and hello to a hassle-free experience with Crunch.
Tax Sorted - Live the Dream Again
Hopefully this article persuades you that it’s well worth getting an accountant to help with your tax return. By doing so you'll be able to well and truly get tax off your mind and get back to running your business.
Self Assessment is an unavoidable and important part of being self-employed. By using an accountant to take care of your tax affairs, you can return to focusing on doing what you love and finding vocational independence. And that’s what Crunch is all about.
