Self-Assessment for Private Hire Drivers
Saving you worry, time and money
Self-assessment expertise for Private Hire Drivers
Your Sole Trader accountancy specialists
Are You a Self-Employed Chauffeur wrestling with self-assessment? Then we’re to help. We're qualified, experienced accountants. We'll take away the hassle, worry and stress of self-assessment, helping you to avoid expensive errors and keep your focus on growing your business.
DIY Self-assessment for Self-Employed Private Hire Drivers – the dangers
As a self-employed chauffeur, you'll know that life is rarely simple. The working day can seem like an endless process of plate-spinning. Managing customers and routes while ensuring your business is profitable is no easy task. Let's look at the potential dangers of carrying out your own self-assessment.
1. Missing Tax Deductions
You could be missing out on tax deductions you're entitled to, costing you thousands of pounds every year. Without the expertise of an accountant, you might not be aware of these deductions or how to claim them.
Here are some of the ways in which taxi drivers or freelance Private Hire Drivers
can legitimately claim allowable expenses -
- Costs of Petrol or Diesel
- repairs and servicing
- annual road tax
- MOT test fees
- washing or cleaning your vehicle
- interest on any bank or personal loans used to buy your taxi or vehicle
- your license and any other registration fees are also eligible
- office expenses (including if you work from home)
- vehicle insurance
- AA/RAC membership
- radio hire
- accountancy fees
- advertising
- phone usage for business purposes
- parking and toll fees
- capital allowances for the cost of the vehicle
2. Errors and Penalties
HMRC is known for its strict rules and regulations. One little mistake on your self-assessment can lead to fines, penalties, and added stress. By attempting to do it yourself, you're risking your financial security.
3. Time and Effort
The complexity of self-assessment can be overwhelming, especially for self-employed Private Hire Drivers juggling multiple responsibilities. Handling it on your own can be time-consuming, taking away valuable time from growing your business.
AT Crew and your chauffeur self-assessment – the benefits
We're ready to handle your self-assessment for you. There are many benefits -
1. Expertise
Our experienced accountants understand the intricacies of self-employed taxation. We'll help you identify and claim all the tax deductions you're entitled to, ensuring you don't overpay on your taxes.
2. Peace of Mind
We'll take over handling your self-assessment. You can rest easy knowing that your tax affairs are being managed by professionals. We'll make sure your self-assessment is accurate and submitted on time, avoiding any penalties or fines from HMRC.
3. Time Savings
Free up your time to focus on what matters most - your business. As we take care of your self-assessment, you'll be able to continue building your wealth and creating financial security.
4. Tailored Services
Work with us, and you'll enjoy all the benefits of personalised accounting services that cater to your unique situation. We understand business. We know that every self-employed chauffeur's needs are different. We're dedicated to providing you with customised solutions that work for you.
Don't let the complexities of self-assessment hold you back
Let AT Crew, your trusted accounting partner, take care of your tax needs, so you can focus on growing your business. Take the first step towards a worry-free self-assessment experience by contacting AT Crew today. Click the button below to schedule a free consultation with one of our qualified accountants and discover how we’ll help you save time and money and avoid costly errors.
The complete accountancy service
From tax planning to VAT returns and payroll, we offer the complete accountancy service for businesses of all sizes.
