Why use an accountant for your ‘simple’ personal tax return?

Many people are tempted to do their own personal tax return, and some are more than capable, however if you have a complex business set-up or limited knowledge of the tax world, it can create errors and mean you end up paying more than you should.

Trusting an accountant such as Malones with your tax return is a smart decision because we bring the expertise, precision, and strategic insight needed to navigate the often-confusing world of tax.

Important areas of UK tax law, such as thresholds, personal allowances and rules around expenses are not only complex but also constantly changing, making it challenging for the average person to stay informed about new rules, deductions, or credits that could significantly impact their tax liability.

We are trained professionals with in-depth knowledge of these laws, allowing us to optimise your return while ensuring compliance with all regulations. Whether it’s identifying deductions you might not know exist, maximising your credits, or helping you understand how to structure your finances to minimise future taxes, accountant provide a level of expertise that is often difficult to achieve on your own.

Minimising errors and making savings

One of the biggest advantages of hiring us at Malones is is our ability to minimise errors. Filing your taxes can be overwhelming, especially if you leave it late (e.g. in mid-January!) or your financial situation involves complexities like multiple income streams, investments, rental properties, or running a business.

Even small mistakes, such as miscalculating a deduction or entering information incorrectly, can lead to penalties, audits, or delays in receiving your refund. We use specialised tools and software to ensure that every number is accurate and every form is completed correctly. Our attention to detail and familiarity with the tax process can save you from costly errors and provide peace of mind.

Spending less time on your tax affairs

Time savings is another key reason to trust an accountant. Preparing a tax return requires gathering documents, reviewing forms, and understanding how various rules apply to your situation, which can be a time-consuming and stressful process. This is especially true if you’re dealing with complex financial situations like self-employment, large investments, or running a business. By delegating your tax preparation to an accountant such as Malones, you free up valuable time to focus on other priorities, whether that’s work, family, or personal projects.

Additionally, we don’t just work during tax season—we can provide year-round support and planning to help you make financial decisions that reduce your tax burden in the future.

Get in touch today for free advice

Whether you are a small business or a sole trader, if you’re based in the Grantham or East Midlands area you can get in touch with our team at Malones for friendly advice and assistance with your personal tax affairs. We still have some last-minute availability for personal tax returns (as of early January 2025), so don’t leave it too late to get help.

You can email us on info@malonesaccounting.co.uk or call