Don’t let self-assessment be a surprise this Christmas

We understand! We all have a lot on our plates; present shopping; roasting the turkey; making sure that Grandma has enough sherry; self-assessment.

Yes, the deadline for self-assessments is the 31st January 2018, which is in only 8 weeks’ time. If you are thinking of taking time off work for Christmas then its maybe only 6 weeks away!

If you haven’t considered your self-assessment yet you need to address this urgently.

The information you need to complete a self-assessment is any documentation of income and/or expenditure information your company has in the previous year (in the period of 6th April 2016 to 5th April 2017. This can be organised in any folder or box related container (or maybe you’re really organised and have a spreadsheet).

With your random container full of receipts, bills and bank statements, you now have the necessary documents to complete a self-assessment.

At this stage you can make an important, executive decision whether to complete the self-assessment yourself or out-source this information to a locally trusted bookkeeper.

A good bookkeeper is the gift that keeps on giving, they will save you stress and worry and will save you their own fee in your tax liability. Plus their fees are tax deductible, even better!

By not spending your time organising and completing a self-assessment (which doesn’t include the stress of getting it right), you can focus on what matters to you and your business and enjoy the festive season.

Wishing you a Merry Christmas and a Happy New Year.