Self-Assessment Tax Returns for Directors and Business Owners

At Sterling Financial Management, we specialise in self-assessment tax returns for directors and business owners whose finances we already manage.

As part of our fully integrated financial services, we ensure your personal tax affairs are accurate, compliant, and as tax-efficient as possible.

We only offer self-assessment services to clients whose business accounts we manage. This integrated approach ensures every aspect of your finances is aligned and handled seamlessly, giving you clarity and confidence.

We believe that as a business owner, you should view your personal and business finances holistically—together, not separately.

By managing both your business accounts and personal tax returns, we’re in the best position to help you achieve your financial goals.

Why Is Self-Assessment Important?

For directors and shareholders, self-assessment is essential for reporting income from various sources, including (but not limited to):

salary and dividends from your company

rental income or investments

other personal revenue streams

Self-assessment ensures you meet your obligations to HMRC while taking advantage of allowances and reliefs to reduce your tax liability.

But it’s not just about submitting numbers - getting it right requires an expert understanding of tax laws, deadlines, and allowances.

We want to help you pay the least possible tax, legally and strategically, so you pay the RIGHT AMOUNT at the RIGHT TIME and not a penny more than you need to!

What You Need to Know About Self-Assessment?

1 It's a personal expense

While your business can pay for the preparation of your self-assessment tax return, this is considered a benefit to you as a director or shareholder. As a result, it may need to be declared on your P11D or deducted from your remuneration or added to your directors loan account. Your business accounts of course, are a valid business expense, its just the self assessment portion that isn't.

2 Deadlines are crucial

Missing self-assessment deadlines can result in fines and penalties from HMRC.

Here are the key dates to remember for your filing and payments on account:

31st January - Deadline for filing your online tax return and paying any tax owed for the previous tax year and your first payment on account if applicable.

31st July Deadline for making the second payment on account, if applicable.

5th October You must tell HMRC by 5 October if you need to complete a tax return and have not sent one before.

We will send you reminders before all deadlines, so you never need to miss a deadline for reporting or payment.... unless you don't read the email! Tip ...don't ignore your accountants emails !

3 We handle HMRC for you!

Can't stand the HMRC hold music ? We hear you!

Once you appoint us as your agent, we’ll take care of all correspondence with HMRC. If there are queries or issues, we’ll manage them directly on your behalf, so you don’t have to worry.

We just need you to be completely open and honest about all of your tax affairs and to respond to our requests in the requested timeframes.

Avoid the Stress of Self-Assessment

Why Choose Us for Self-Assessment?

For many directors and shareholders, self-assessment can feel overwhelming, with complex rules, tight deadlines, and potential penalties for mistakes.

But with Sterling Financial Management, you can relax knowing your self-assessment is in expert hands.

Let us help you:

meet deadlines with ease

optimise your tax position

stay compliant with HMRC

Exclusive Service: We only provide self-assessment services to clients whose business accounts we manage, ensuring complete alignment and accuracy. It also means we don't have millions of clients come January and we can focus on our business clients needs.

Expert Guidance: We consider all your income streams and allowances to achieve the best tax outcome for you.

Proactive Planning: With advance notice of deadlines and proactive communication, you’ll always be ahead of your obligations.

HMRC Expertise: Once we’re appointed as your agent, we handle everything with HMRC, saving you time and stress.

Personalised Service: We take the time to understand your financial situation and tailor our approach to your needs.

Let’s Get Started

Ready to simplify your self-assessment? As part of our comprehensive service for business clients, we’ll handle your personal tax affairs accurately and efficiently, ensuring compliance and peace of mind.

Contact us today to learn more about how we can take care of your self-assessment.

We are based in Dorking, Surrey and 100% cloud-based, we can work with you wherever you are in the country.