Daventry: 01327 879090
Rugby: 01788 579033
Cottons Chartered Accountants in London: 0203 487 1107
If you are earning money through any means other than PAYE then you must complete a self-assessment tax return each year to declare that income and calculate the amount of tax you owe.
Directors and shareholders extracting dividends, property and goods traders and the self-employed are all subject to self-assessment and must complete their annual personal tax return detailing income from all sources by 31st January the year following the end of the tax year.
Failure to comply with self-assessment regulations can result in stressful penalties.
As an individual you need only complete one self-assessment tax return each year. This document will detail all of your income sources no matter how many or how complex your situation.
If you need help with self-assessment then talk to us. Our experienced accountants and tax advisors will ensure that your returns are filed on time and your tax liability is correct. We can even advise you on how best to keep your records to ensure your returns are at their most efficient each year.
In Britain, where we are often subjected to four seasons in one day, we could all be forgiven for wanting to see that back of clouds for good. However, there’s a new cloud on the scene and it’s one that business owners need to embrace…
“Open banking” is a new directive which was introduced in the UK in January. It has the potential to fundamentally change the way companies manage their finances, access capital and make strategic decisions. A number of innovative companies are currently testing and developing uses for open banking by registering licences from the Financial Conduct Authority. In this piece we explore some of its most useful potential applications for businesses.
Do you claim for business mileage – and spend hours Googling the places you’ve visited to work out the miles you’ve covered? Well, thanks to the Cottons App, you can now get all the information you need permanently recorded on your smartphone.
Never lose a receipt again; use the free receipt management App from proactive Cottons Accountants
We have launched a powerful new app to save you time and money. Here’s everything you need to know.
Our Rugby office is 10 years old this month and we couldn’t be prouder of what has been achieved in that time. Let’s celebrate the branch…
What you need to know about the ATED charge if you are holding a residential property in a Limited company.
On April 6th the amount small businesses have to contribute to their employee’s pensions is increasing.