Wednesday, 18 November 2009

Don't Leave it to the Last Minute

The filing deadline for Self Assessment Tax Returns is 31st January.

Each year a huge number of people leave their tax returns right until the last minute.

But consider the disadvantages of doing this:
  • You will not know you tax bill until the last minute leaving you very little time to save up to pay it.
  • If you find information is missing you have all the stress of rushing to try and replace it.
  • We accountants may not have enough time to work to reduce you tax bill because we don't have the time to ask you all the right questions. There's no time to ask you to go and check things.
  • Because it is peak filing season many accountants will charge a premium to help you.
  • HMRC help lines are busy and overstretched.
So why do people leave it to the last minute?

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