The deadline for your tax returns is the 31st January. You need to have filed your tax returns by this date or you could get a hefty find. Now, you have some choices. Start it now and be ahead of the game. Pass it on to a Peterborough accountant who can manage all the stress and worry for you. Or, bury your head in the sand until the last minute, try to find an accountant in Peterborough that can help at short notice and risk getting a huge fine.
If you don’t already have an accountant to help you with your tax returns, now is the time to find one. Leaving it until the last minute could result in you not getting the best accountant for your business, or not getting any accountants at all. There are busy times of the year when accountants have to say no to taking on new clients – make sure you have made contact with an accountant before it’s too late.
Accountants, like the team here at AK Bookkeeping, are used to working with a variety of businesses. We know how different businesses in different industries work. This means that we can be the perfect fit for your business and your company finances. We have handled hundreds and thousands of tax returns. Each one is different and comes with its own challenges. However, our experience and knowledge means that we can overcome these challenges.
The tax laws are changing all the time. When you’re running your own business, you don’t have time to keep on top of these changes. You’re too busy staying on top of industry changes, staff concerns, customer orders and running your business smoothly. Meanwhile, this is what an accountant does. They keep an eye on the changing tax laws to ensure you will always pay the right taxes for your business.
Did you know that if your tax returns are submitted late, even if it’s just by an hour or two, you will get a £100 late fee added to your tax return? It’s also worth noting that this can go up to £1,600 if your tax return is completed later or completely incorrectly.
If you’re still unsure about hiring a Peterborough accountant for your tax returns, think about your hourly rate. What do you charge your clients and customers by the hour? Now think about how long it will take you to do your tax returns yourself. This is how much it will cost you to do your tax returns. Now, give us a call for a quote. Not only will you save money and time, because our experience enables us to complete tax returns quickly and efficiently, we will also know of ways you can save money on your taxes that you may not have been aware of.
Love them or hate them, tax returns need to be done for your business – you just need top decide how they are done!