Stress-Free Tax Returns for First-Timers
First-time filers, we’ve got your back! Let us handle the complex tax work, so you can avoid the stress and focus on what matters.
- Simplify your tax process with expert help
- Get your tax return prepared and filed with ease
- Professional advice from experienced tax accountants
Got tax questions?
We've got the solutions you need!
Here are some common questions we’ve received from self-employed individuals like yourself.
If you earn more than £1,000 in untaxed income, you’re required to file a tax return with HMRC.
However, this doesn’t automatically mean you’ll owe tax. You’ll only need to pay Income Tax and National Insurance if your total earnings exceed £12,570 in a tax year.
For capital gains, if your profits exceed £3,000, you’ll be liable for Capital Gains Tax.
Most people in the UK don’t need to file a tax return as their taxes are deducted automatically through the PAYE system. However, there are specific circumstances where submitting a Self-Assessment tax return is required.
These include:
- Being self-employed with earnings over £1,000 that haven’t been taxed
- Having untaxed income exceeding £1,000, such as rental or investment income
- Claiming a tax refund
- Receiving a notice from HMRC to complete one
- Qualifying for certain benefits or allowances
Understanding your obligations ensures compliance and avoids potential penalties.
Payment on Account is an advance payment system used by HMRC for self-employed individuals and others who owe more than £1,000 in tax. It involves paying estimated tax in two installments, in January and July, based on the previous year’s tax bill. This helps spread the cost of taxes across the year.
The amount of Income Tax you pay depends on your total income and how much falls within the tax bands. The four UK tax bands and rates are:
Personal Allowance: Up to £12,570 – 0% (no tax).
Basic Rate: £12,571 to £50,270 – 20%.
Higher Rate: £50,271 to £125,140 – 40%.
Additional Rate: Over £125,141 – 45%.
Your tax liability is calculated based on how much of your income falls into each band.
Welcome!
Getting your taxes sorted with XAccounts is simple and hassle-free.
If you already have an accountant, the first step is to transfer your services to XAccounts.
If this is your first time using an accountant, log into your XAccounts account and follow the easy onboarding steps.
Need assistance?
Our support team is here to help! Reach out via live chat or email us at info@xaccounts.co.uk.
We've got your back!
Looking for hassle-free tax return filing or expert advice tailored to your needs? We’ve got you covered. Let our professionals take care of everything – no errors, no stress.
Effortless Tax Filing
Leave the stress of tax returns to a certified accountant. As a self-employed individual, filing your tax has never been simpler. Only £150, all-inclusive.
- Maximize Your Business Expense Claims
- Quick, Easy, Completely Online
- Filed in as little as 24 hours
Effortless Tax Filing
Leave the stress of tax returns to a certified accountant. As a self-employed individual, filing your tax has never been simpler. Only £150, all-inclusive.
- Maximize Your Business Expense Claims
- Quick, Easy, Completely Online
- Filed in as little as 24 hours
Personalized Tax Guidance
Get professional tax guidance from an accredited accountant for just £125, all-inclusive!
- Maximize Your Business Expense Claims
- Quick, Easy, Completely Online
- Filed in as little as 24 hours
Save More with Our Exclusive Bundle!
Get both services together for just £200 – that’s a saving of £70! Maximize your income with expert guidance.
- Connect with a certified tax accountant
- Enjoy a 1-on-1 consultation and have your tax return filed
- Get personalised advice to reduce your tax bill
Save More with Our Exclusive Bundle!
Get both services together for just £200 – that’s a saving of £70! Maximize your income with expert guidance.
- Connect with a certified tax accountant
- Enjoy a 1-on-1 consultation and have your tax return filed
- Get personalised advice to reduce your tax bill
We’ve got you covered
150,000+ Tax Returns Filed
We’ve supported thousands in managing their taxes smoothly.
Certified Professionals
Recognized by leading accounting organizations in the UK.
Rated 4.9 on Google
Our customers can’t stop sharing their love for us!
How to Choose the Best Service for Your Needs?
You can choose our personal tax services individually or bundle them to save £39. Here’s a quick comparison of what each service includes
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Total Cost (Fixed, No Hidden Fees) |
£160 |
£130 |
£239 |
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Paired with a certified accountant |
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Self Assessment done and filed |
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Helping You Maximize Tax Savings |
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Personalized 1-on-1 Tax Consultation via Phone or Video |
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Summary of Your Tax Consultation Advice |
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More details |
Start Now |
Book Now |
Get Started |
Make taxes easy from the beginning
Simplify your taxes with expert assistance. Understand your eligible reliefs, ensure your tax return is accurate, and keep your finances in top shape with the guidance of your dedicated, accredited accountant.
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- info@xaccounts.co.uk
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