So as we are nearing the end of the deadline to file tax returns, accountants are getting stressed and people are getting panicked about getting their tax returns completed.
Although the returns are due by January 31st, they are issued on the 6th April which enables 9 months available in which to fill out a tax return and get yourselves sorted before the big rush in January.
Here are some reasons of why it may be easier to file your tax return earlier:
1 - No last minute panic of getting your details together and getting the return completed.
2 - Lower Accountancy fees - January is a busy time for accountants with many last minute requests and because of this their fees rise over January in order to accommodate those people who have left it until January.
3 - Budgeting - If you complete your tax return a few months earlier than the deadline, then you will have time to save some money to be paid to HMRC as you will know how much you will need to pay back.
Any help with filing tax returns, please contact us on 01923 277900 or email FLAccountancy@futurelinkgroup.co.uk.