If you decide to set up your own business and become self-employed you need to know what a self-assessment is. HMRC need to be informed that you are working for yourself and each year you will be expected to complete and file a tax return. The deadline for filing your return is the 31st October if you are filing a paper return, or 31stJanuary for online returns. The process can be complex so the majority of taxpayers will look for an accountant to help them fill out the return correctly.
When you employ an accountant to help with your self-employed income they will provide support with a range of services. These typically include;