With the end of the year rapidly approaching, this is the time for businesses and people who own their own businesses to start thinking about filling in and posting their tax return.
The deadline for returning a paper tax return was October 31, however, if you’re among progressively more people that do their taxes online, you have until the end of January to fill in and submit your forms.
While some people are conscious of the January 31 deadline, it comes with an earlier deadline of December 30 for anybody that owes less than £3,000 and wants to pay it through their tax code.
Should you forget the deadline, you will find fees and penalties to pay for. If you are one day overdue in submitting, there is an automatic £100 predetermined fee and for every day it is late there is an additional £10 charge. There are also greater fines if you are over 6 months late, so make certain you send it off in good time to avoid the fines.
If you’re having difficulties with your tax return, get in touch with Liptrott and Woosey Accountants for assistance with completing and filing your return as well as guidance with all elements of business accountancy.
From assisting with business plans to assisting with income, Liptrott and Woosey Accountants Manchester strive to help all their clients be successful in business by providing honest and accurate advice.
The team behind Liptrott and Woosey have significant experience in the industry and created the company as they believed that the larger companies they worked for simply weren’t offering clients with the personal touch. Liptrott and Woosey are fixed fee and pride themselves on their friendly service and being just a phone call away should a client need any help or advice.
Monday, December 19th, 2011, 11:33 am | 
Uncategorized | 
RSS feed
| 
Respond | 
Trackback