JUST A FEW DAYS TO GO BEFORE THE TAX RETURN DEADLINE

There’s just a few days to go before we hit the self-assessment tax return deadline.

If you haven’t yet submitted your tax return, remember you’ll need to do so by midnight on January 31st otherwise you’ll be penalised. If you’re not sure what to do, contact our specialist contractor accountants who will guide you every step of the way.

If you have been contracting for a while, you’ll be familiar with the process. Hopefully, you’ve kept good records and copies of receipts as this makes it far easier for us to complete your return and to ensure you have peace of mind and pay the correct tax.

If you’re new to contracting and this is the first time you’ve completed a tax return, don’t panic, but do take action if you haven’t already done so as time is ticking. You have a legal obligation to complete a tax return to inform HMRC how much you have earned in the year and, if you’re in the Construction Industry Scheme, what expenses you have incurred.

You can find out more about what information you need to submit on your tax return but do remember we are here to help you. We have completed self-assessment tax returns on behalf of thousands of contractors and can do the same for you. We ensure your tax return is completed accurately and on time, and you receive any rebate you are entitled to without delay. Find out more about our tax return service.