Self-assessment

More than just paying tax

Whether you run a company, work freelance, have a side hustle, or rent property, our experts guide you through the tax maze, meaning you're not only compliant but making the most of all available allowances.

• Dividends - Maximise your personal income by using the £500 tax-free allowance or tax-free dividends issued through an ISA.
• Capital gains - If you're selling assets (like shares or property), Moola helps you make full use of the £3000 tax exemption.
• Other allowances - There's also the £12,570 tax-free allowance for income tax and many allowable expenses you may not be aware of.

Whatever your income, Moola ensures you're paying what you need to while making smart business decisions.

Beat the deadlines, save cash

It's easy to put off self-assessment until the last minute. But January 31st comes quickly - and late filing can mean serious penalties and a spiralling problem.

• Deadline - Your self-assessment tax return and payment must be submitted by January 31st each year, but you have from April 5th to file it and pay your bill.
• Penalties - The fines increase the longer you wait. After the January deadline, the penalties are as follows:
  
  - £100 for late filing (even if you don't owe tax).
  - Additional penalties of £10 per day if you're more than 3 months late.
  - After 6 months, the penalty can increase to 5% of the tax due.
  - Unpaid bills also rack up interest and could damage your credit score.

Moola makes sure your self-assessment is complete well before the deadline, so you avoid the risk of fees and charges.

Start planning for success

At Moola, we work all year to keep you on track. Our accountants use a proactive approach, so you're never surprised by a tax bill or scrambling to meet the deadline.

• Ongoing guidance - We'll update and advise throughout the year to ensure you're optimising your tax position.
• Manual filing - We handle the full submission of your self-assessment personally, managing any and all income streams.
• Tailored advice - Our personalised input helps you adapt to any changes in income, business structure, or tax legislation.

As your business evolves, so does your tax obligation. By working with Moola year-round, you'll avoid stress and have time to focus on your business.

Tax tips to maximise savings

At Moola, our goal is to help you keep more of your hard-earned money. Here are some of our top tax-saving tips for agency owners, freelancers, and individuals:

• Dividends vs. salary - Balancing salary and dividends is one of the most effective ways to minimise tax. We’ll help you structure your income to reduce National Insurance and income tax.
• Pension contributions - Contributions to your pension are tax-deductible, meaning you can save for retirement while reducing your taxable income.
• Capital gains tax - If you're selling business assets or property, make the most of your annual allowance. Moola will ensure you're always optimising, so you pay less tax when you sell.
• Business expenses - If you're self-employed or run an agency, there are various expenses you can claim, including home office costs, travel, and equipment.