Managing your taxes correctly? With 7M we let you focus on managing your work and we will manage your finances.
In the UK, self-assessment is the system that allows individuals to report their income, capital gains, and other relevant financial information to HMRC for the purpose of calculating their tax liability. We handle it end to end so you can focus on your work.
If you haven't done so already, you'll need to register for self-assessment with HMRC. You can do this online on the HMRC website or by calling the Self-Assessment Helpline. You will receive a Unique Taxpayer Reference (UTR) number.
Keep accurate records of your income, expenses, and any other relevant financial information. This includes sources of income such as employment, self-employment, rental income, dividends, and interest.
Paper tax returns are due by 31 October following the end of the tax year. Online tax returns are due by 31 January following the end of the tax year.
We complete your return accurately, capturing every source of income and every allowable expense you're entitled to claim.
We calculate what you owe (or are owed) so there are no surprises, and explain it in plain terms.
We make sure you know exactly what to pay and when, including payments on account where they apply.
If something needs correcting after filing, we handle amendments with HMRC on your behalf.