Self-Assessment
Tax Returns for
Business Owners
Streamline your Self-Assessment Tax Return with Danbro Business. It’s the smart way to do tax.
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Tax Returns
Save money on your tax bill with our comprehensive business tax returns service.
From as little as £150 (+VAT), one of our self-assessment specialists will help you complete your online tax return. We'll deal direct with HMRC and make sure you only pay what you owe - not a penny more. Furthermore, as it’s Danbro Business, your fees are always fixed.
Compliant &
Confidential
We take client confidentiality very seriously. Your information gets stored in our secure online portal and is only used to complete your tax return. So, none of your private details will go to any third parties. We’ll ensure your tax affairs remain compliant and confidential, minimising your tax liability and making sure you claim for everything you’re entitled to.
Streamline Your
Self-Assessment
Try our technology-led approach today and benefit from the experience and expertise of our tax specialists, as well as some of the best software on the market. Your accountant will help you complete your tax return quickly and efficiently online.
Our rapid turnaround times mean you'll spend less time checking receipts and more time making sales.
Affordable Self-Assessment Solutions
Your Yearly Self-Assessment Tax Return
Accountancy Clients
Included
Tax Return Only
price starting from
£150
The Smart Way To Do Tax
With Danbro Business, you’ll get a comprehensive, competitively-priced self-assessment tax return service. With over two decades in business, we understand the pressures of running a company. So, while some ‘specialists’ make you print, sign, and post your tax returns, our personal, software-led service will speed-up the process and streamline your self-assessment.
We pride ourselves on transparency and efficiency. So, you can rest assured your business’s tax affairs will remain completely compliant. You’ll get FREE access to cloud accounting services such as Quickbooks, Xero and FreeAgent, receiving records of your submissions and regular updates on your self-assessment status via our secure, online portal.
Our dedicated team will work hard to make sure you claim exactly what you’re entitled to, and that you only pay what you owe. What’s more, you don’t have to be an existing Danbro Business client to enjoy our exclusive self-assessment service.
Your Self-Assessment Journey
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Make Tax Digital Today with Danbro Business
Businesses with a taxable turnover above the VAT threshold already have to keep digital records and submit their VAT returns online. From April 2022, the same rules will apply to smaller businesses too. And, a year later, ‘Making Tax Digital’ will also apply to Income Tax for self-employed businesses with income above £10,000. It’s pretty clear, when it comes to business tax and self-assessment: the future is digital.
Many businesses are Making Tax Digital NOW. Don’t get left behind. You need an accountant who’s on top of the tech and on top of your tax affairs. Used effectively, by experienced professionals, our sophisticated tax software increases accuracy and improves efficiency.
Tax Returns: Frequently Asked Questions
A 'self-assessment tax return' is a type of personal tax return. Many entrepreneurs, business owners, limited company directors and self-employed sole traders file self-assessment tax returns with HMRC each year to report how much they’ve earned and how much tax - if any - they owe on that income. When completing a self-assessment tax return, you should include all your taxable income and any capital gains.
It is your - or your ‘limited company’s’ - responsibility to work out how much tax you need to pay. Self-assessment tax returns need to be completed by the end of January (31st) following the end of the tax year that you’re completing the self-assessment for.
Not filing online?
Self-assessment tax returns which are not filed online must be with HMRC three months earlier - by October 31st following the end of the relevant fiscal year.
Whether or not you complete a self-assessment tax return is dependent on your status and employment circumstances. For instance, limited company directors who take all or part of their salary through investment (dividend) income need to file annual self-assessment tax returns.
Likewise, because the income received by a self-employed sole trader is not usually taxed at source, they too need to complete annual self-assessment tax returns to ascertain what tax, if any, they owe to HMRC.
Talk to Danbro Financial Planning
It is your responsibility to inform HMRC if you need to complete a self-assessment tax return. It can be somewhat complicated, so why not save yourself the hassle and consult the expertise of a specialist accountant to take care of your tax affairs.
A dividend is a slice of a limited company’s profit that’s given to shareholders. If you operate your own limited company, this includes you.
Any dividend income you receive as a shareholder is NOT subject to National Insurance contributions. The first £2,000 worth of dividends you receive per annum is TAX-FREE. Dividends above this threshold, which fall within the basic rate tax bracket, will get taxed at 7.5%. If you fall into the higher rate tax bracket, you’ll get taxed at 32.5%. This information is correct as per the 2020/21 tax year.
When operating through your own limited company, you’ll incur certain expenses. In simple terms, expenses tend to fall into two categories:
• Those incurred in performing your contract. E.g. travel.
• Those incurred to administer your company. E.g. accountancy fees.
Expenses incurred through performing your contract tend to come from your own pocket. Therefore, you'll need reimbursing through company funds. As such, you’ll need to complete an expense claim detailing each expense, to support this payment to yourself.
At Danbro Business, we’ll provide you with a detailed expenses guide, highlighting the most common expenses incurred by your business and ensuring your expenses are claimed correctly - avoiding potential personal tax charges.
