Does this date put you in a state of panic?
>> Does the 31st of January mean anything to you? <<
If you're self-employed it should.
In fact, you might have the date tattooed on your forearm helping serve as a reminder.
It's one of Her Majesty's Royal Customs favourite days of the year ...
If yes, good.
If not, shame on you, but perhaps we can help [more on this later].
For all you self-employed workers out there, it is of course time to submit your self-assessment tax returns.
Fail to get your submission in on time then you'll get a penalty of £100 if your tax return is up to 3 months late.
If you're more than 3 months late, you'll pay more.
And if you pay your tax bill late, you'll also be charged interest on late payments.
No wonder the 31st January brings many self-employed people out in hives.
But if your records are in good order it shouldn't take long to do. However, if your paperwork is all over the place, you'll need to set aside a good amount of time to get everything ready to submit. And this is where Business Buddies can help.
Today's small business tip is: Plan the submission of your tax return early.
If you want to avoid a fine by getting your tax return submitted on time, drop me an email and we'll make it happen.
Fretting about it now? Then why don't you drop me an email. Make it the very next thing you do.
P.S: I have some good news for those who haven't yet started the process ... HMRC has extended the deadline for the submission of self-assessment returns from the 31st January to the 28th February. This gives you an extra month to make your tax submission.
P.P.S: If you want remove the hassle, stress and potential penalty of filing late, just drop me an email.