ITSA - Income Tax Self-Assessment Tax Returns Services You Can Trust
Managing your self-assessment tax return doesn’t have to be stressful. With over 15 years of experience and a track record of award-winning excellence, Cashtrak specialises in taking the hassle out of tax season. Whether you're a sole trader, landlord, or director, we’ve got the expertise to ensure your tax return is accurate, compliant, and maximises any allowances you’re entitled to.
We combine deep industry knowledge with personalised service to help clients navigate HMRC requirements with ease. Our team is here to save you time, reduce errors, and give you peace of mind.
Taxes Made Easy, Savings Made Simple
Cashtrak simplifies compliance with comprehensive and affordable services tailored to you and/ or your business. Our expert team provides personalised support every step of the way, ensuring accurate record-keeping and timely submissions. Save time and money with our efficient digital solutions and extensive knowledge. Let Cashtrak handle the complexities of MTD for ITSA.
Did you know?
You can submit your tax return from April and still not need to pay your tax bill until 31st January enabling you to plan and save for your tax bill.
Did you know?
Properly claiming expenses can significantly reduce your tax liability. We can help you identify all eligible expenses.
Did you know?
You don't have to wait until the last minute to file your taxes. Getting started early can reduce stress and give you more time to plan.
Handling Your Tax Return Efficiently
Monthly Service
Our monthly service uses accounting software, either what you are using already or we can talk your through your options, pros and cons of all the software available:
Effortless Document Sharing: Easily provide your financial records through a variety of convenient methods.
Ongoing Bookkeeping: We'll handle your bookkeeping monthly, keeping your finances organised and up-to-date allowing you real-time financial information*.
Maximise Your Tax Savings: In April, we'll ask a few targeted questions to identify all eligible deductions and minimise your tax liability.
Seamless Tax Return Processing: We'll prepare your tax return for your review and approval.
Stress-Free Submission: Once you've approved, we'll securely submit your tax return to the relevant tax authorities.
*Relies on the speed of you sending the paperwork
Annual
Proactive Tax Planning: In April, we'll reach out with a few targeted questions to maximise your tax allowances and minimsze your tax liability.
Expert Tax Return Preparation: Once we receive your information, we'll meticulously prepare your tax return.
Review and Approval: You'll have the opportunity to review and approve your completed tax return.
Seamless Submission: After your approval, we'll securely submit your tax return to HMRC.
Gain greater control over your finances with up to 10 months to budget & pay your tax bill with either of our services.
Why Choose Us For Your
Self-Assessment Tax Return?
🏆 Award-Winning Expertise: Trusted by businesses and individuals for over 15 years.
✅ Tailored Solutions: We cater to your specific needs, ensuring no allowances or expenses are overlooked.
💻 Seamless Process: We use cutting-edge software to streamline the preparation and submission process.
⏰ Deadline-Driven: Never worry about penalties—our proactive approach ensures you meet the January 31st deadline with time to spare.
"Certainly above and beyond service"
Katy Goldswain, owner, White Lime Interiors www.whitelimeinteriors.com
"You are one of those handful of businesses that if you are lucky enough to meet, you tell everyone about."
Paul Hooper, Owner Test & Inspect Safety Services Ltd
Self-Assessment Tips
We've created a helpful video with quick and easy last-minute tax tips to guide you through the process. Watch now and breathe a sigh of relief.
Penalties
If you are late filing your self-assessment tax return or late paying your tax bill, you will receive a financial penalty.
The penalty is currently £100 for up to 3 months late and is higher for over 3 months. HMRC will also apply daily interest to the fine.
You do have the option to appeal the fine if you have a 'reasonable' excuse.
Avoid the risk of fines by choosing our award-winning service, designed to save you both time and money.
Not Sure If You Need To Send A Tax Return?
You will not usually need to send a return if your only income is from your wages or pension. But you may need to send one if you have any other untaxed income, such as:
money from renting out a property
if you are self-employed as a 'sole' trader and earned more than £1000 (before any tax relief)
tips and commission
income from savings, investments and dividends
foreign income
Click here to check if you need to submit a tax return.
Top Tip if you didn't owe any tax last year or are no longer self-employed - it doesn't mean you don't need to send a tax return again. HMRC will contact you to confirm they no longer need you to send a tax return. Don't assume, you could receive a penalty if you do not file a tax return.
Check how to cancel your self-assessment tax return registration here.
'Payments on account’ are advance payments towards your tax bill (including Class 4 National Insurance if you’re self-employed).
You have to make 2 payments on account every year unless:
your last Self Assessment tax bill was less than £1,000
you’ve already paid more than 80% of all the tax you owe, for example through your tax code or because your bank has already deducted interest on your savings
Each payment is half your previous year’s tax bill. Payments are due by midnight on 31st January and 31st July.
If you still have tax to pay after you’ve made your payments on account, you must make a ‘balancing payment’ by midnight on 31st January next year.