You may have already looked for a self assessment accountant near me online. Often the costs vary depending on the complexity of your business and the deadline you are working under. Generally, the cost of a professional accountant is between PS200 and PS300. The cost of using an accountant for self assessment filing is necessary for a sole trader who must submit an annual account with HMRC. The annual account is a record of your total income and expenses for the year. Tax is then deducted from the profits you make each year.
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Whether you’re filing your own tax return or hiring an accountant, you can’t go wrong with a TurboTax Live service. You’ll be able to get unlimited tax advice and complete tax preparation with this software. Just be sure to keep copies of all tax-related documents to prove your expenses and avoid making any mistakes. In this way, your accountant can accurately prepare your return and reduce your tax liability. You’ll save yourself time, money, and headaches.