So many people put their tax return off until the last minute, and the HMRC phone lines are inundated with callers asking for advice and support throughout January; it can be a terribly stressful time of year, and - coming directly after the expense and frivolity of Christmas and New Year - can see pennies stretched to their thinnest—so I always advise getting yourself organised well ahead of time, meaning that you don’t have the pressure of that deadline looming over you as your next exciting year begins.

January should be all about making plans, moving forward and looking to the next 12 months of growth and success, building your business into something which gives you joy as well as a comfortable income.

That means that, in an ideal world, you’ll have submitted your tax returns long before the January 31st deadline—and I can help you to do that with the bare minimum of stress. I can also help you to identify which expenses are tax deductible—meaning that you can reduce the size of your bill; you’d be surprised how many people are paying more than they need to because they don’t know what expenses they can claim.

Some people worry that submitting early means that they will have to pay their tax bill early – but that’s not true; you can submit your tax return any time between the end of the tax year in April and the payment deadline (the following January) but you still have until January 31st to make your payment. Submitting your tax return early simply means that – if you’re like most people starting up, and you’ve been working alongside your self-employed projects – you may be entitled to a tax refund, and the sooner you submit your tax return, the earlier this is processed!

When you have a business to run and your tax return or bookkeeping doesn’t come naturally it’s easy to push it down the list and focus on other things first – and when you’re worried about something it’s natural to procrastinate and put it off for a tomorrow that looms on the horizon like a neon elephant.

Before it gets too late, and things start to get even more complicated—or you panic and send in a tax return that lists your income without any of your tax-deductible outlay, costing you far more simply because you aren’t sure where to start – why not give me a call?

I can talk you through what information I’ll need, what information I can give you in return, and help you to put all the pieces together in time to submit your tax return comfortably before the deadline, and reach the end of your year stress free, ready to begin another working year in the right frame of mind.

As the adverts say—tax doesn’t have to be taxing—and I can take the pressure off your shoulders; get in touch today to find out more.

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