Welcome to Wise-Bookkeeping Ltd. Unlike most Bookkeepers and Accountancy practices, we have decided to focus on Self Assessment Tax Returns alone, for Sole Traders. Having tried to be everything for everyone, for many years, It became clear that we provide the best quality service when we focus on one particular service that has the same nature and time frame for all customers. In our case, this service was the Self Assessment Tax Return for Sole Traders.
There are many reasons why a UK Citizen may be required to file a Self Assessment Tax Return. We currently take care of those, who carry out professional activities on a Sole Trader basis, meaning, they receive untaxed income from their customers, and they are not trading as a Limited Company. We also file returns for those Sole Traders who sub-contract within the CIS regulations. And for those who may be employed, however, as a result of receiving untaxed income, via their rented property, are required to file a Self Assessment Tax Return.
The price of the service will depend on which month of the year we have received the completed income-expenditure information from yourself. Payment will only be required upon the completion of your return. New customers pay just before the submission of the return. Returning customers receive a £15 discount, and pay after the submission.
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In order to act on your behalf, as an agent, we have to request an authorization from HMRC first and foremost. In order to initiate that, we will require your UTR (Unique Taxpayer Reference) and the Post Code that is associated with the UTR. Most of our customers do this by scanning us the letter they receive from HMRC that prompts them to file their return, following their initial indication that they would like us to act on their behalf. With the above details, we request authorization from HMRC. They will send a letter to you with an authorization code. You will need to provide us with this code within 20 days before it expires.
We can help you with your Self Assessment Tax Return relating to the 2018/19 financial year if you have received untaxed income from UK property rental, or self-employed trading activity in a sole-trader format, alongside or instead of PAYE income. We cannot help you this year if you have been a partner in a partnership or a director of a limited company where you were also a major shareholder. Or, if your self-employed turnover has exceeded the £85,000.