Erlier today, Chart Accountants Ltd announced the launch of ChartReturns, its common sense approach to managing Self Assessment Tax Returns for Self-employed Individuals. Set to go live from today, this service will eliminate the chance of getting late submission fixed penalty fines by HMRC, as well as reducing the anxiety of tax return submission deadlines. For anyone with a responsibility for Self Assessment Tax Returns, this launch period will be worth paying attention to, as the introductory offer will only last until September 2016.

Whenever self assessment Tax Returns are nearing the deadline date for submission to HMRC (Her Majesty's Revenue and Customs), the telephones at Chart Accountants light up brighter than the batphone. Each year, far too many individuals will leave their tax returns to the last minute, hoping to find a superhero accountant to rescue them from the prospect of a £100 fixed penalty fine. Having found their last-minute superhero, it's highly likely that their chosen accountant might just add that £100 on to their typical fee, which means financially speaking, nothing much has been saved, which is a bit soul destroying when considering all the stress and anguish that was experienced.

Despite the risk, yet fully understanding what is expected by HMRC, the eleventh hour panic continues year upon year, with around 40% of all obligated individuals facing these fixed penalties, or at the very least begging for their removal. That is over 4 million people facing a £100 fine, which will continue to increase daily if not paid promptly.

The landscape looks even bleaker moving forward, since the announcement by George Osborne that these returns will become quarterly rather than annually within the next 3 years. That will then be 4 chances each year to acquire a £100 fine, 4 opportunities to experience the stressful search for an accountant, and 4 chances each year to forget the grief once the submission has been made, before starting all over again in three months time.

The crazy part of this situation is that it really doesn't need to be this way. The stress that is caused just prior to a tax return submission is so very easily avoided by a little bit of planning. The problem arises though when accountancy companies are not generally set up for this type of client. Many accountants look for big money clients that boost their banks and their ego on the golf course. In reality, there is little value in trying to find a solution to this problem as it isn't lucrative enough, except for when the fees can be doubled to deal with last minute desperation. This is why Chart Accountants have put their thinking caps on. It is a situation that is incredibly stressful to all those concerned, and yet so simple to resolve. If anyone could take the lead and create a common ssense solution, it could result in more effective business planning and a much clearer landscape to focus on revenue generation for those involved.

The CEO & Cheif Visionary at Chart Accountants Ltd, Tony Grant, makes a point of saying "things are going to change when ChartReturns launches".

Tony Grant continues... "Just looking at the figures, there is over £4m going into HMRC coffers for these late submissions alone, that is not accounting for any interest either. By 2020, this could easily be approaching £20m because of the increased frequency, which clearly isn't a positive statistic at all. The money being lost on these fines could so very easily cover the cost of a solution, with money left over for other more important business concerns. It is very much the intention of Chart Accountants to help people focus on revenue generating functions, rather than those negative problems that cause only anguish."

Chart Accountants Ltd is a relatively new kid on the block, but with a clear mission to bring about leading edge solutions combined in a common sense approach to modern day business.

Currently, the closest thing to ChartReturns is to go searching for an accountant each time a tax return is due, then hope and pray it gets submitted in time to avoid a fine. ChartReturns on the other hand will deliver peace of mind at the core with best business practice at the heart, and in a way that is simple to manage, difficult to get wrong, and more affordable than any of the alternatives, such as HMRC penalties or over-inflated accountancy fees for last minute requests.

This service is just one of many innovative packages that are set to come out of the Chart Accountants Ltd stable over the coming months, so do keep an eye out for practical greatness.

Once again, ChartReturns is set to launch and will eliminate the chance of getting late submission fines by HMRC as well as reducing the anxiety of tax return submission deadlines.

To find out more about ChartReturns, visit http://chartaccountants.com/chart-returns/

For more information about Chart Accountants Ltd, visit http://chartaccountants.com