To-do: Self-assessment tax return

George Hay Chartered Accountants

With the deadlines once again looming, is your self-assessment tax return top of your to-do list, or is it trailing somewhere on the second or third page?

Paper submissions are due by 31st October 2018, whilst online submissions and payment of any tax that you owe are due by midnight on 31st January 2019.

“It’s top of my to-do list” – This is definitely a good start but crossing it off your to do list would be even better, right? Today is as good a time as any to get your affairs in order, send everything over to your accountant, if you work with one, and ensure you’re ready to file ahead of the deadline.

Take the first steps towards tackling your tax return with our handy tips, here.

“It’s trailing somewhere on the second or third page” – With the deadlines looming, perhaps now is the perfect time to promote your tax return to the first page of your to-do list. Putting it off will ultimately result in unnecessary panic over the festive period and potentially hefty financial penalties.

Failing to meet deadlines is just one of the dangers associated with going it alone when it comes to your tax return – in our Dangers of DIY Tax Returns guide, we outline some of the others and how you can avoid them all.

We would rather you didn’t find out what happens if you leave your tax return until the last minute, so why not entrust us with your annual tax return and let us take care of your tax affairs quickly, efficiently and compliantly – contact us today to find out more.

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