Self Employed Income Tax
If you receive income that has not had Pay as You Earn (PAYE) tax and/or
National
Insurance (NI) deducted at source, you will be considered as self
employed for
tax purposes. Anyone who is self employed will need to submit a self
employment tax return, which is done via an annual
Self Assessment Personal Tax return.
Examples of this type of income (self-employed income) are:
- Trading income
- Investment income
- Rental income
Need Assistance With Your Self Employment Tax Return?
At 1st Contact Accounting we have a vast amount of experience in dealing with the
self employed. Tax needn’t be a hassle when you take advantage of our extremely
personalised and informative personal tax service.
Contact us and we will go through the relevant
self employed tax requirements and processes with you in detail.
1st Contact Accounting will keep you updated on your
tax self assessment progress through your own personal accountant. 1st Contact
Accounting files the returns electronically, which is more efficient
and allows us to avoid the issue of tax returns lost in the post.
Our Self Assessment Tax service includes:
- Collating all required information
- Calculating any tax liability or refund
- Completing and filing your tax return on your behalf
- Advising you when various payments are due and how much to pay
- Introducing you to any relevant tax saving ideas
Click here to get immediate assistance with
your self-employment tax return.