Self-Assessment Tax Returns for 2025: Expert Guidance from ABMV
Introduction
Filing your 2025 self-assessment tax return doesn’t have to be stressful. At ABMV, we provide expert self-assessment tax return services to ensure your return is accurate, compliant, and submitted on time.
Whether you're self-employed, a landlord, a freelancer, or earning additional income, our team is here to simplify the process and help you maximise your tax savings.
Key Steps for a Smooth Self-Assessment
stay ahead of deadlines
The self-assessment deadline for the 2024/2025 tax year is 31 January 2026. Late submissions can result in penalties, so we recommend planning ahead.
Ensure all necessary documents are ready
To streamline your tax return, ensure you have the necessary paperwork ready. We assist clients in collecting and reviewing the essential documents:
Key documents required:
Unique Taxpayer Reference (UTR) and National Insurance number
P60, P45, and P11D forms (if applicable)
Self-employment income records (invoices, bank statements, dividends, bank interest and investments)
Receipts for allowable business expenses
If you are missing any documents we can guide you through the retrieval process.
Maximise your tax savings with allowable expenses
Claiming tax-deductible expenses can reduce your tax liability. Common self-assessment tax deductions include:
Office expenses: Rent, utilities, office supplies
Travel & mileage: Business-related fuel and transport costs
Professional fees: Accountant and legal fees
Marketing costs: Advertising, website, and promotional expenses
Not sure what you can claim? We review your expenses to maximise tax relief and are happy to help throughout the year.
Maintain Accurate Financial Records
Good bookkeeping is essential for a stress-free tax return. We help businesses and individuals track their finances using accounting software to ensure accuracy and compliance.
Use accounting software for real-time tracking
Maintain clear financial records to avoid HMRC inquiries
Stay organized throughout the year to simplify tax filing
Let us take care of your record-keeping and compliance while you focus on growing your business.
Plan for Payments on Account
If your tax bill is over £1,000, HMRC may require advance payments (Payments on Account) in:
January – First payment
July – Second payment
We can offer you budgeting support to avoid unexpected tax bills and cash flow issues.
get professional tax support
Tax laws can be complex, but our Personal Tax Accountants ensure:
Accurate tax calculations to prevent overpayment
Full compliance with HMRC to avoid penalties
Optimised tax planning to reduce liabilities
With our personalised, bespoke tax return service, we handle everything—so you don’t have to.
stay updated on tax law changes
We continuously monitor tax legislation to keep our clients informed of any updates that may impact their self-assessment.
Let us handle your Self-Assessment
Being well-prepared for self-assessment can take away much of the stress that comes with tax season. By understanding what is needed and following organised steps, you can file accurately and on time. Proper preparation not only helps you avoid fines but also allows you to take advantage of possible deductions, potentially reducing your tax bill.
Remember, self-assessment is not just about filing taxes—it’s a chance to review your business finances and plan for the future. Ensuring everything is completed correctly will help maintain your business's financial health and compliance.
If you find the process overwhelming, why not let the experts at ABMV assist you? Our team can provide tailored advice and support, making self-assessment simple and hassle-free. Get in touch with our personal tax accountants at ABMV today to find out more about how we can help streamline your tax preparation.