If you are a company director, you might be wondering about how self-assessment tax returns and tax refunds work for you. Luckily, our team of experts at DSR Tax Claims are at hand to make your life simpler because we know how hard it can be to come across good, quality information about tax matters. You might also be eligible for a tax refund, so check out our handy online calculator, and if you are – call our friendly and professional team on 0330 122 9972 and that money could be back with you within 21 days.
What are HMRC’s rules for company directors?
According the HMRC’s rules, nearly all company directors will need to file a self-assessment tax return. The only exceptions allowed by HMRC are directors of non-profit organisations, such as a charity, and only if you didn’t receive any pay or benefits in kind. If these exceptions don’t apply to you then you will be required to file a tax return. If you fail to file a tax return after HMRC have issued one to you, you will face penalties and fines so you really need to make sure you don’t fall foul of HMRC. Our experts are always at hand to help you sort out your self-assessment tax returns, so call our team today on 0330 122 9972 and let us take the headache out of your taxes.
How can you minimise your tax burden?
Just like others in the self-assessment boat, there are ways to bring down your tax burden through tax relief on your allowable expenses. These might relate to your travel expenses, or the other necessary expenses of running a business (and that is a key word – necessary!), but they could allow you to lessen the amount of tax you owe.
If you are also a shareholder as well as a director, there might be ways to lessen that load further by taking some of your pay as dividends. Talk to our experts and we can help you make the most efficient use of your shareholdings – you can call our specialist team on 0330 122 9972.
How can DSR Tax Claims help?
Our tax preparation specialists at DSR Tax Claims have expert knowledge of HMRC legislation and can help you use your self-assessment tax return in the most efficient way to lessen your tax load. We are rightly proud of our good standing with HMRC, so we ensure that you pay the correct amount of tax without paying a penny more, making sure that you stay the right side of HMRC. And if you use our self-assessment preparation service, we deal with HMRC on your behalf, so you don’t have to waste your valuable time hanging around in a phone queue, trying to get through to them. Call our team of experts on 0330 122 9972– we’re the tax agents you can trust.