This service assists company directors in fulfilling their personal tax obligations through the completion and submission of a self-assessment tax return.
Our service includes:
- If you fit the criteria of registration of self assessment, you need to register for Self-Assessment with HM Revenue and Customs (HMRC) by 5th October in the tax year following your appointment. Failure to register on time may result in penalties.
- As a director, you need to report your income from all sources, including your directorship. This includes any salary, bonuses, benefits, and dividends received. You must also declare any deductible expenses related to your directorship, such as travel costs or professional fees.
- Failing to meet the deadlines or providing incorrect information on your Self-Assessment tax return can lead to penalties and interest charges. It's important to take your obligations seriously and ensure accurate reporting.
With our Director Self-Assessment service, you can ensure compliance with personal tax requirements as a company director. We provide expert guidance, helping you accurately report your income and claim applicable tax relief to optimize your tax position.