How to work out your tax return

3 mins

Our experts at DSR Tax Refunds know how complicated it can seem when you are trying to work out how much you owe HMRC in your tax return. Should you include that? Can you deduct this? It can soon make you feel as though you are spinning in circles. Fear no more – our experts are at hand to guide you through the tax return process. You could also check out our handy online calculator to see if you are owed a rebate, which could be backdated for up to four years, and if you are – call our friendly team on 0330 122 9972 and let’s get your money back to you.
So, how do you work out your tax return?
There are a few ways you can work out how much you owe HMRC. The HMRC website has several handy online tools that can help you to calculate how much you owe, and there are also a number of other accounting software programs which can sort out your accounts for you. Of course, there are also tax preparation specialists such as our experts at DSR Tax Refunds who can make sure you only pay what you are supposed to pay and not a penny more – call us on 0330 122 9972 to get started.
How do you know if you need to file a self-assessment tax return?
If you are self-employed then you are probably aware that you need to use the self-assessment tax return system to pay any tax you owe to HMRC. But even if you pay your tax through PAYE, you might also need to fill in a self-assessment tax return – for example, if you have other sources of income which don’t get taxed at source, or if you incur business expenses over £2,500 in any tax year. If these apply to you then you will also have to use the self-assessment system.
You can’t beat expert advice when it comes to filling in your self-assessment return and our experts at DSR Tax Refunds want to take the hassle out of your taxes so you can spend that time doing something you prefer. We can make sure that your self-assessment return is correct and that you are only paying the exact tax you owe and not a penny more, so give us a call on 0330 122 9972.
How can DSR Tax Refunds help?
Filing your tax return and calculating your taxes can get really complicated and fast. There are a number of business expenses that are eligible for tax relief – but not everyone in every industry is eligible to claim them. Then there are the special rules that only apply to certain sectors such as the construction industry, or members of the armed forces. And that’s before we get to areas like flat-rate expenses and so on. That is why we recommend the use of a firm of tax preparation specialists. Filing your tax return can be a real minefield if you don’t understand what you are doing, which could leave you open to HMRC enquiries or not claiming the full amount of tax relief you are entitled to.
Our experts can prepare your tax return, making sure that you pay only what you are supposed to pay and not a penny more. We deal with HMRC on your behalf, including closing any enquiries that HMRC might open into you. As you can see, it makes sense to use a team of experts like DSR Tax Refunds so call us on 0330 122 9972 and let us put our expertise to work for you.

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Our experts have collected an extensive range of handy informational resources across a number of common taxation areas. If you can’t find what you are looking for here, check out our Resources section.