Oval Accountants is your trusted self assessment accountant in Burgess Hill, located at 46 Victoria Road, RH15 9LR. We help sole traders, small businesses and individuals file accurate HMRC self assessment tax returns on time and stress-free.
If you are looking for a professional and reliable self assessment support team to help or advise you on your tax woes, look no further. We have a fully managed accountant support team that's ready to help you out, ensuring productivity and continuity are never disrupted.
Every member of our team understands that we function as an extension of your company — which is why partnership is so important to us. We'll be proactive and upfront about what we deliver right from the start.
We feel planning is critical to providing excellent service, so if you'd like to work with us and see if we're the best support partner for you, reach out to an account manager and discuss your requirements.
Request a quoteWe offer monthly self-assessment subscription services which you can pay for monthly. We're happy to file your first return in January and you pay monthly. A one-off set-up fee of £15.00 + VAT applies for this service.
Book NowSave money by paying yearly for a subscription service. There's no setup fee and the fee is taken once a year by Direct Debit. Includes reconciliation of your financial records, preparation of your self-assessment form and filing to HMRC.
Book NowIf you don't want to commit to an ongoing subscription with Oval Accountants, we offer the services in our subscription plans for a one-off cost with no ongoing commitment.
Book NowAs a sole trader and self-employed individual, managing tax returns can be overwhelming. You must handle paperwork, track income and expenses, which adds to your workload. If the thought of tax returns is daunting, our accountants offer relief.
With fixed fees, we assist clients nationwide in completing self-assessment tax returns, catering to various self-employment scenarios — from small business owners to limited companies and partnerships. Calculating earnings, trading expenses and savings is crucial for determining tax obligations, and our accountants alleviate stress by managing the entire process.
We provide ongoing financial tracking and assistance throughout the year. To enlist our support for your self-assessment form, reach out or explore our plans — we'll guide you through the process seamlessly.
Tax owed in the annual return varies based on the previous year's profits and expenses. Income tax is due if profits exceed government-set thresholds, and savings may also be taxed. The best way to find out exactly what you'll owe HMRC is to file your tax return \u2014 and remember, you don't have to pay your bill when you file. Filing just calculates what you owe based on your income and expenses.
Hiring professional accountants is crucial. They manage accounts, track income and determine tax obligations, simplifying the process, and offer expert advice on taxes and benefits tailored to your needs.
When you pay for our tax return service, an accredited accountant will sort and submit your return, and you can ask any questions related to your self assessment — no need to pay separately for tax advice on that return.
Making Tax Digital for Income Tax is a governmental change to the way you fill out and pay your tax return, making the process digital with most tax services now handled online. It's time for businesses to get prepared now.
The way you fill out and pay your tax return is going digital, with many of the tax services now done online rather than on paper.
We can guide our clients through this new service and work with them to get fully prepared, so you don't need to worry about future changes to your tax return.
Working with professional accountants saves time and stress. We'll manage all of your accounts and submit your digital file on your behalf.
To get your tax return complete in three easy steps, get in touch with our accountants today. Contact us by phone to book a free consultation.
You'll be paired with a dedicated accountant who gets to know you and your business, so we can provide a personalised solution tailored to your goals — whether you want to grow, become more tax-efficient, or simply simplify your accounting.
Keeping up with your monthly accounts can be a challenge. Whether you have piles of receipts or you're struggling to separate expenses from your business, we take over the management of your monthly accounts so you can focus on running your business.
For many self-employed owners, the annual self-assessment return is the least enjoyable time of year. We take away the pressure — your dedicated accountant files your taxes with HMRC, ensuring your business stays compliant with current regulations.
You'll be paired with a dedicated accountant who gets to know you and your business, providing a personalised accounting solution tailored to your goals and needs.
Our dedicated accountant won't only manage your monthly accounts but also offer financial advice and guidance whenever you need it — just reach your accountant by phone or email for prompt, informative answers.
The self-assessment tax return is HMRC's way of working out how much tax and National Insurance you owe when you're self-employed. Each year you disclose how much income you made and the cost of running your business, and from there HMRC works out what you owe.
HMRC follows the financial year, which runs from April to April. The system relies on honesty and transparency, and HMRC imposes heavy fines for anyone caught not doing everything above board — so keeping the taxman happy is important.
Filling out the actual form is straightforward, even more so since HMRC moved most of the process online. In its simplest form, you give HMRC two numbers: money made and money spent.
However, it's all the work needed to reach those numbers that can be tricky — it takes attention to detail and organisation. Online bookkeeping platforms help but still require regular upkeep. If those skills aren't your strong points, there are affordable alternatives like our Bookkeeping and Accounts service.
If you're in your first year of business, your self-assessment tax return is due no later than 31 January after your first tax year, and you must pay the bill by this deadline.
For example, if you started trading in November 2020, your first tax bill would be for the financial year April 2020 – April 2021, meaning your tax return is due 31 January 2022. From there, your tax return is due no later than 31 January each year.
Registering as self-employed is easy. You have two options when starting out: sole trader or limited company. Sole trader simply means there is no difference between you and your company, and registering and running a sole-trader business is far simpler than starting a limited company — though both have their advantages.
If you're unsure which to choose, get in touch and we'll help you. Don't worry if you've already started trading; HMRC ask when you began trading so you can backdate it — you must register as self-employed by 5 October before your first tax return is due.
If you're looking for the convenience of an accountant in your pocket, you'll love us. We pair you with your dedicated accountant, who will manage your bookkeeping behind the scenes, freeing up your time to focus on other aspects of your business.
We know sole traders lead very busy lifestyles, and we aim to be more flexible and low-hassle than traditional accountancy firms. We offer a range of tailored solutions, so there's something for every budget — and you won't need to learn how to use our accounting software as our customer.
When you sign up for our self assessment accountancy services, our accountants will ask for the following details:
Some of the above may not apply to you. In every case, we will let you know exactly what we need when we contact you.
As much as you ask us to! We speak to HMRC on our clients' behalf and submit all their digital returns. If we receive any vital information you need to know, you can rely on us to keep you updated. We'll also send you regular deadline reminders to notify you when your tax payments are due.
Once you earn over £1,000 from a new revenue stream, you should register for self-assessment. This includes earning money from renting property you own, tips and commission, income from investments, savings and dividends, and any foreign income.
You can claim for things like your car, clothes, working from home and start-up costs. The allowable expenses list is huge, with hundreds of potential things to claim for.
Learning everything you can claim for yourself is doable, since not everything applies to your business. We offer a one-off, hour-long tax training session to give you specific advice to help get you started.
No. We complete tax returns on your behalf when you use our service. This includes inputting your information into HMRC and dealing with any responses or queries should they arise.
We'll ensure your income and business expenses are accurately detailed online and let you know how much tax you owe. On top of this, we can provide regular tax-efficiency reviews throughout the year to help you save money when paying your taxes.
Members of AAT and IAB, certified Xero advisors and payroll partners for small-business cloud bookkeeping.
Let a dedicated accountant handle your HMRC self assessment tax return accurately and on time. Whether you have a question or want to get started, we'd love to hear from you.