Overview of Filing Your Own Taxes
Filing your own taxes is easy. Once you decide to do your own tax return, you have a few options available. One option is to buy a tax preparation program that you install on your computer. Another is to download one from the internet, or use one of the online tax filing sites.
Benefits of Using Tax Preparation Software
Doing your own taxes doesn’t mean you print out and use paper forms (though you totally can if you prefer it!). Tax preparation software is easy to use and typically a free service that you can take advantage of. Even if you pay to use online tax software, it’s going to cost a lot less than getting professional tax prep.
How to Get Started
Depending on how you file your taxes, the timing of your tax refund may be different. If you did your taxes online, you should get your refund within 21 days, but it could take up to 12 weeks to get to you.
Understanding Self Assessment and Tax Returns
Unsure whether you need to register for Self Assessment and submit a tax return to HMRC this year? In this guide, we explain the circumstances in which you’ll need to file a tax return. What is Self Assessment? Self Assessment is a process for reporting any income an individual makes that HMRC might not already know about.
Professional Assistance for Complex Situations
You will absolutely need a professional accountant or CPA to help you with Corporate tax filings, as there are a myriad of options, questions, check and balances that you’ll need to review in precise detail.