LJS Accounting Services

Top HMRC Considerations for Liverpool Businesses

Top HMRC Considerations for Liverpool Businesses

Having a business can be rewarding, but keeping up to date with everything that you need to send off and file to HMRC Liverpool can be confusing, especially if you’re just starting out. Knowing what information to send to the government and HMRC about your business is something that requires much planning.

Typically, the director of the business takes care of dealing with the financial side of things, but hiring a reliable accountant from LJS Accounting Services will allow you to dedicate more time to other aspects of your business, without the added stress of keeping on top of the financial aspects. Whether you work in events, construction or hospitality, our team of accountants can help

If you’ve recently started your own business in Liverpool and want to learn more about what HMRC might require from you, continue reading to find out more about what they’ll need from you and how LJS Accounting Services can help.


Self-Assessment Tax Return

What is a self-assessment tax return? A self-assessment tax return is a system put in place by HMRC which collects Income Tax from businesses. If you’re in the world of business, it’s no news that we have to pay taxes. Typically, tax is deducted from pensions, savings and of course, our wages.

Businesses can send their self-assessment tax return either online or in paper form. You must stay in compliance with HMRC Liverpool and send your business tax return by a specific deadline – if you’re yet to register, you’ll need to put it at the top of your to-do list if you’re a sole trader, self-employed, not self-employed and in a partnership.

The easiest way to fill in your tax return correctly is by staying organised throughout the year, keeping records, bank statements and important receipts organised.

When you’re working in business and managing employees and customers, it can be difficult to keep all the relevant information you need in one place.

If you don’t provide HMRC Liverpool with the right details when you complete your self-assessment tax return, not only will they question you, but they could request additional information.

HMRC Liverpool deals with people working in an array of different jobs, ranging from economy, property, social care and civil service jobs. No matter the business, HMRC Liverpool still expects you to provide the right information on time.

With the guidance of an expert accountant, you won’t have to worry about keeping records – we do that for you. At LJS Accounting Services, we have a professional team that takes care of every financial aspect of your business, HMRC-related issues included.


What Happens if You Give the Wrong Details to HMRC Liverpool?

Giving the wrong details to HMRC Liverpool could lead to penalties and compliance checks. It’s crucial that you give the right details to HMRC Liverpool – if you’re struggling to keep on top of what information to give to HMRC and GOV.UK, hiring a reliable accountant from LJS Accounting Services could be in your favour.

Not only could HMRC file a report on your business, but they could ask for additional information that you might not have. It’s important that you’re paying attention to what HMRC ask of you, giving them correct detail about your business when they ask.

The complications and complaints aren’t worth it, our accountants use specialised software to keep on track of what you need to give to HMRC and when.

Statistics show that people in business thrive better when they haven’t got the added stress of making sure they’re up to date with HMRC. If you’re local to Liverpool and need a reliable, hard-working accountant to finalise and complete your tax return, read on to find out what our team do and how we can help.


How LJS Accounting Services Can Help Liverpool Businesses

LJS Accounting Services are based in the UK and have been providing quality accounting to businesses in Liverpool for a number of years. Having first opened as an established business ourselves over 10 years ago, you can rest assured that our team of experts will be able to help with your finances.

Fast forward to 2022 and we are helping businesses in Liverpool and across the country.

Whether you work in the India buildings or on the other side of Liverpool, we work with all regional businesses. No matter the time of day, our group of professional accountants are on hand to help.

We’ve been working hard for the past 12 years to obtain happy clients, something we aim to maintain going forward into the future.

If you’re living or working in Liverpool and own your own business, reach out to LJS Accounting Services to find out the top HMRC considerations. We have a friendly team and approach everything professionally, giving the best advice in the industry.

If you have any general enquiries about our online services, contact us today to find out more or alternatively, browse our service pages on our site.

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Need to talk to someone? Get in touch with one of our consultants today and we will be happy to help.
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