Everyone in business is busy. If it's not doing the actual work we do, it's finances, ordering, replying to emails, stocking up, dealing with staff - you name it, we all do it.
However, one thing we never suggest putting off is your self-assessment. Sure, you get nearly 9 months to do it, but what's the benefits of doing it early?
- Find out how your business has done over the last period.
- See if there's anything your doing really well on, and things you may need to try improve.
- Find out what your tax bill is (If any) and have time to prepare for July & January payments.
- Peace of mind, no more worrying what it is and if you can afford it.
The quicker you get your tax return done, the quicker the surprise of the tax bill is away, and you can get on with running the business. No-one likes their tax return going in bear the end of January and their accountant surprising them with a tax bill they can't afford. Get it done today, and you've got nearly 5 months to settle the bill with HMRC and plan your finances accordingly, instead of 5 days before!