Self-Assessment Tips for Accountants

Self-assessment returns are the key way in which a taxpayer’s financial affairs are communicated to HMRC.

So, in order to give your clients the best possible support with their returns it will be important to understand some of the more complicated areas of self-assessment, such as ensuring income and gains are correctly disclosed and all relevant claims made.

Self-Assessment Tips for Accountants highlights the common pitfalls and issues you are likely to encounter and gives useful reminders and tips for when completing self-assessment returns.

The Tax Tips for Accountants series is a unique collection of CPD courses designed to give Accountants what they need to know about Tax, to help their organisation and their clients.

Instead of having to wade through a mire of technical tax detail, these courses get straight to the nub of the questions that accountants need to answer and pitfalls to be avoided.

The series has been designed by Tax Specialists, Gabelle, and is based on the most frequently asked questions on their accountants’ helpline.

Understanding Self-Assessment Tips for Accountants enables the learner to:

• Discuss with your clients the nuances in tax
• Understand the factors that should be taken into account to ensure income and gains are correctly disclosed and all relevant claims made
• Consider some of the more complicated areas of self-assessment in relation to the reporting of income and gains
• Recognise issues around the administrative process when completing self-assessment returns

Claims
• Entrepreneurs’ relief and making a claim
• Valid EIS claims
• Loan notes and making the election
• Charitable donations
• Excess capital allowances
• Taxation of foreign dividends
• Claiming non-residence
• Claiming the remittance basis

Income and Gains
• Termination payments and the £30,000 exemption
• Employee shares
• Partnership drawings

Other Admin
• Partnership disputes
• Pre-owned assets
• Nominated income
• Penalties

This course is designed to appeal to accounting professionals at all levels in practice and industry looking to better understand tax for their clients or organisation.

Gabelle LLP is an award winning independent team of tax experts who offer tax consultancy services to both professional firms and directly to entrepreneurs, businesses and individuals. Gabelle supports accountants, other professionals in industry with technical tax know-how and practical experience.