West Midlands, United Kingdom (10th October, 2012) – U-Tax, one of the leading tax agents in the UK, urge self-employed people to organise their tax returns as soon as possible to avoid penalties.
Paper tax returns for the 2011-12 tax year must be completed and sent to HM Revenue and Customs (HMRC) by midnight on Wednesday 31st October 2012, and online tax returns must be completed by January 31st 2012. If it is not returned by the final deadline then individuals will be required to pay a penalty, even if they have no tax to pay back or are owed tax back.
U-Tax understand that the tax returns process can be difficult, as people have to report details of their taxable income, any capital gains, tax allowances and tax reliefs. Therefore, the leading tax agent is encouraging self-employed people to come to them for unrivalled assistance, as they offer special rates to complete a self-assessment tax return.
U-Tax also communicates daily with HMRC to ensure they are up-to-date with any tax matters that could potentially affect their clients. They will also contact a client to ensure they are happy to proceed with the tax return submission once completed, and can aid clients with the next year’s accounts for smooth submission.
A spokesperson for U-Tax commented: “Tax returns can be time-consuming and confusing, which is why we can make the process incredibly straightforward. We liaise over the phones with our client, do the calculations for them and submit the form securely to HMRC within a few days. Therefore, they can relax in the knowledge that their tax forms will be thoroughly detailed and returned by the deadline.”
For more information on U-Tax and their self assessment tax return service, visit their website at http://www.u-tax.co.uk/
U-Tax is one of the leading tax agents in the UK and has over 70 years’ experience of financial planning, accountancy and tax planning. Registered by HM Revenue and Customs, they help employed and self-employed people claim tax rebates and complete self-assessment forms, and work with both individual employees and multi-million pound companies.