Self-Assessment Tax Returns

While you focus on what you do best, we’ll handle what we do best: ensuring your tax compliance and taking the stress out of your annual self-assessment.

Stress-free tax returns

Let’s be honest, your self-assessment tax return is usually an unwelcome distraction from your priorities. That could be running a business or managing a property portfolio. At Gravitate, we know that success comes from playing to your strengths while collaborating with others who can take the strain away in other areas.

We will handle your tax compliance and remove the stress from your self-assessment. This means gathering all the information needed to file with HMRC, on time, and avoiding any errors or potential penalties.

We promote the benefits of filing tax returns early to allow you to plan for future tax payments.

Who we work with

Gravitate works with a variety of self-assessment taxpayers, including:

  • Successful local business leaders
  • Self-employed individuals and sole traders
  • Company directors
  • LLP partners
  • Landlords

Let’s get you ready for Making Tax Digital

Making Tax Digital will soon be mandatory for self-employed individuals and landlords. It will be staggered, and not everyone will need to enrol right away, but it is important to be prepared. There are three key upcoming dates after which people will be affected.

  • April 2026: Self-employed individuals and landlords with total annual business or property income of more than £50k.
  • April 2027: Self-employed individuals and landlords with total annual business or property income of more than £30k.
  • April 2028: Self-employed individuals and landlords with total annual business or property income of more than £20k.

Even if you're not required to opt in yet, maintaining digital records early allows you to get comfortable with the software and processes at your own speed. This can help ease the transition and reduce the risk of errors later.

This is something our team will be happy to help you with!

Our Clients Know Best

We love our clients and they love us too, here are a few testimonials from our clients about our services.

"We transitioned over to Gravitate at the start of our 2023/24 financial year... Gravitate are the perfect firm for this! Friendly, knowledgeable and professional, the team speak in my language, as Accounts are foreign to me. They're always there on the end of the phone/whatsapp/email and if one person is out of the office, another picks up the query immediately.They allow me to focus on what I do best, work on and in the business!I could not recommend these guys more in order for you to take better financial control of your business! Great work guys"
Pete Swatkins
"Working with Gravitate has been a breath of fresh air for this side of my business. They immediately got to grips with the way we do things and the transition was smooth. Their culture, values and team spirit is a perfect fit. And they are brilliant with their marketing and brand message."
James Biggin
"I would highly recommend Gravitate Accounting. Since moving to them we've felt that we have much more understanding of the financial side of our business and we've felt that Mike really cares about helping us. Gravitate really focus on the relationship between the accountant and the client and we wouldn't think of going anywhere else. Thank you!"
Stephanie Seddon
Right Choice Mortgages
"Mike and the team have been absolutely amazing in helping me transition from the old spreadsheet accounting to more efficient digital systems. They made the process straight forward and communicate in a way which the layman understands....Thanks! Nick"
Nicholas Riley
Engeniaire
"We've really enjoyed working with Gravitate after moving from a larger Sheffield competitor.We've found the service and the communication absolutely top notch, we couldn't be happier - they've helped us move our business on to the next level."
Ash Young
Evoluted
"Jessica explains everything so clearly, I always feel better after speaking with her. They are pro's at Gravitate with such attention to detail."
Nikki Armytage-Foy
Electric Woman
"I've loved working with the team at Gravitate over the past year or so. Modern accountants that use up-to-date tools that streamline things massively. On top of that, they're helpful, friendly and generally a pleasure to work with. The results show they've got the formula right- they're growing very quickly.I've already recommended them to friends, and wouldn't hesitate to do so again!"
Chris Iverson
FourJaw Manufacturing Analytics
“We actually came across Gravitate when in the process of trying to recruit for a full time FD. Using them was one of the best decisions we've made. They've helped us automate our accounts, and the help during Covid has been beyond what anyone could expect from a supplier. Highly recommended.”
Sean Reddington
Thrive Learning
"I trust Gravitate accounting with all the finance & accounting needs for my business. They take all the stress out of accounting, explain complicated accounting problems very simply, they are very responsive & very easy to communicate with. As well as suggest & integrate apps/ software to make expense claims & invoicing easier; they also always send me a helpful video explaining the details alongside our quarterly reports. I would highly recommend Gravitate to anyone"
Rex Rusling
The Rec Hub
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Self-Assessment FAQs

What is a Self-Assessment tax return?

A Self-Assessment tax return (SA100) is a form used by HMRC to collect income tax from people whose tax isn’t deducted at source (i.e. not PAYE). SATR includes self-employed people, landlords, company directors, and those with additional income sources.

Who needs to file a Self-Assessment tax return?
  • Self-employed individuals earning more than £1,000 a year
  • A partner in an LLP
  • Company directors earning untaxed income
  • Landlords with rental income of £2,500
  • Individuals with foreign income or high earnings over £100,000
  • Individuals with taxable dividends, savings or investment income
When is the deadline for filing a Self-Assessment tax return?

Paper returns must be filed by 31st October after the end of the tax year. For online return it is the following 31st January. Tax payments must be made by 31st January (if balancing payments) and 31st July (for payments on account).

What are the penalties if deadlines are missed?

If Self-Assessment tax return deadlines are missed, penalties will apply. This includes a £100 fine if you are up to 3 months late, with additional daily penalties following that. Interest will also be charged on all unpaid tax.

Can I claim expenses on my tax return?

Yes, certain allowable expenses can be claimed as part of your self-assessment tax return. These include office costs, travel and mileage, marketing and advertising, insurance, business premises costs, and professional fees.

What if I make an error on my Self-Assessment tax return?

If you make an error in your tax return, you may amend the tax return within 12 months after the 31st of January deadline by logging into your HMRC online account. When working with Gravitate, we will ensure your tax returns are completely free of errors!

Got a question? Get in touch with our team today