Self Assessment

The Self Assessment Tax Return need not be the headache that many people find it to be. A basic understanding of what Self Assessment is, along with an intelligent, efficient way to track your income and expenditure over the course of the year, can make it a real breeze. SamsTax (Self Assessment Made Simple) makes the tracking of your income and expenditure really easy, which in turn makes the actual Self Assessment Tax Return much less time consuming at the end of the tax year.

Self Assessment Tax Returns have been with us now for over 10 years, the idea being to rely upon the taxpayers themselves to provide accurate information to HM Revenue & Customs (HMRC) so that the correct amount of tax can be assessed. Each taxpayer must fill in a Self Assessment Tax Return recording his or her income from all sources, and also calculate the tax payable or tax refund due. HMRC will initially accept this Self Assessment Tax Return as the true position, but reserve the right to inspect any return either at random or because they think something was inaccurate. In practice, these tax enquires only arise in a very small number of cases. SamsTax is specifically designed to help those who might have difficulty in producing the right figures in order to complete an accurate Self Assessment Tax Return, and each version of the package uses only the appropriate account headings for the particular category of self-employment concerned.

Essentially, what SamsTax offers you is a tailored solution to make your Self Assessment Tax Return as easy as possible, which saves you both time and money!