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Filing your self-assessment tax return might look straightforward on the surface. You log in, enter your figures and submit. Done. But once you start checking income types, expenses and reliefs, it can get more detailed than expected.
Whether you need an accountant depends on how simple your finances are and how confident you feel dealing with tax rules.
When You Might Manage It Yourself
If your situation is fairly basic, you may be comfortable handling it alone. Perhaps you’re mainly PAYE but need to file for an extra source of income, or you’re a sole trader with limited expenses.
In those cases, HMRC’s online system can work well. It’ll take time, and you’ll need to read guidance carefully, but it’s manageable. The main advantage is cost. GOV.uk has useful tips if you plan to file a tax return yourself.
Where Things Become More Complex
As soon as you have multiple income streams, rental properties or dividend payments, the picture changes. It’s easier to overlook allowable expenses or misunderstand a relief. That could mean overpaying tax or inviting questions later.
Evesham accountants like https://www.randall-payne.co.uk/services/accountancy/evesham-accountants/ can check your figures, ensure everything is declared correctly and deal with HMRC if needed.
Weighing Up the Cost and the Risk
Paying for help isn’t free, but it may save you money and stress in the long run. If you value reassurance and want to reduce the chance of errors, professional support can be worthwhile.
The right choice should leave you confident your tax return is accurate and complete.
