Self-Assessment Workflow

The Self-Assessment Workflow is a centralised area in QuickFile for managing all aspects of Income Tax and Self-Assessment. The Workflow charts out the self-assessment journey from start to finish for any given tax year showing you what needs to be done and when.

You can find your Workspace by first navigating to your HMRC connected accounts in Reports then HMRC. You can then click on your individual or agent account and then the Overview link for your managed business.

There is a single Workflow page for all your managed businesses, however if you have a self-employment business and UK property income you can switch between the two using the filters at the top of the page.

Cumulative Updates

At the top of the screen you will see a list of your quarterly cumulative update obligations and their corresponding status. As you progress through the tax year you will need to file a cumulative update at least once per quarter, you do however have flexibility to file whenever you want for any period from the start of the year.

You kind find our more about cumulative updates here →

Business Source Adjustment Summary

The Business Source Adjustment Summary or BSAS is used to adjust and finalise accounting figures submitted through quarterly cumulative updates before they’re included in the Final Declaration. With the BSAS you can:

• View and adjust previously submitted quarterly data for a self-employment or property business.
  • Apply tax adjustments such as:
  • Capital allowances
  • Disallowable expenses
  • Use of home as office
• Determine the final taxable profit or loss for each business source for the year.

Find out more about the BSAS here →

Annual Summary

Once all your cumulative updates have been filed you can submit to HMRC a set of optional accounting adjustments and allowances. This covers things like:

• Basis adjustments
• Outstanding business income
• Annual investment allowance
• Capital allowances
• etc

Other Income Sources

Along with your business or property income, you may have additional income types that you need to declare to HMRC, these can include:

• PAYE Income from employment
• Dividends
• Capital Gains and residential property disposals
• Foreign income
• Savings and pension income
• Income from insurance policies
• Other types of non-PAYE employment income

Final Declaration

The Final Declaration is the year-end submission that is submitted once all your income has been declared. It is due by the 31st January following the end of the tax year. Before you generate a Final Declaration a new detailed tax calculation will be genererated where you can cross-check all your income, allowances and adjustments before completing the declaration. At this point the tax year will be crystalised and a payment schedule will be agree for any tax outstanding.