Self Assessment
The constant stream of changes to tax legislation means that not only are the returns becoming even more difficult to understand, but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.
Woolford & Co. can save you a lot of time, worry and money by handling your self assessment. We will calculate all of the necessary computations, complete your return and even offer advice on how to minimise your tax liability.
We will act as your agent, dealing direct with the Inland Revenue on your behalf and should you be selected for a self assessment enquiry, act for you at any meetings. Some self assessment returns are enquired into by HM Revenue & Customs because they do not understand or are suspicious of some of the information in the return, an equal number, however, are selected at random. This means that every self assessment return could be called for an enquiry, and once the enquiry starts there is little control over how long HM Revenue & Customs will continue the enquiry and the amount of information it will require.
We can arrange fees insurance cover for our clients. Most of our clients take out this insurance each year so that, in the event of an enquiry being called on a self assessment return, the professional fees will be met by the insurance company.
