How to Ensure Accuracy When Completing Your Self-Assessment Tax Return

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Sat, 08 Mar 2025 07:16:00 +0000
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Being your own boss can be incredibly rewarding — that is, until tax season rolls in. If the thought of self-assessments and endless paperwork fills you with dread, you’re certainly not alone. This is a common source of anxiety for the self-employed. Thankfully, you can always bring in a skilled self-assessment accountant to calculate your tax liabilities accurately and ensure your compliance with HMRC regulations.

In this blog, we’ll share how our self-assessment accountants can prepare and file your tax returns efficiently. Discover how these professionals can save you time and prevent an HMRC enquiry.

Avoid last-minute filings

Freelancers and the self-employed rarely enjoy dealing with taxes, which is why many put off their self-assessment until the last minute. But leaving it late is a recipe for errors — you’re more likely to make mistakes or forget something important.

Prepare early

As soon as the tax year concludes on April 5th, it’s always prudent to begin preparing for the next so that you can stay organised and maintain control over your accounting and bookkeeping. A skilled self-assessment accountant can streamline this process. They can gather and organise essential documents and details, including your Unique Taxpayer Reference, National Insurance number, income records, and relevant business expenses. If you’re both employed and freelancing, they can also prepare your P60.

File Online

Online filings are a bit easier because you can simply upload all the details the HMRC is looking for. You can save your progress and return to it later if you’re short on time. Just be sure to finish your self-assessment before the deadline.

Ensure timely tax returns

One of the key advantages of working with a self-assessment accountant is making sure that you never miss critical annual deadlines — whether it’s the October 31st deadline for paper returns or the January 31st deadline for online submissions. HMRC penalties for late filings can be quite substantial. However, with Grant-Fisher Accountants handling your self-assessment, you can rest assured that deadlines will be met.

Make sure your next self-assessment is accurate

Call Grant-Fisher Accountants at +44 747 643 2463 and let our self-assessment accountant save you from mistakes. Our team will also help you explore ways to minimise your tax burden.