Less stress and More Time
Running your own business may be challenging as you are taking control of making a profit, attracting more customer and dealing with a workload. When it is the time to file your tax return – why not ask for help. Especially, that things can get complicated and even a small mistake can lead to unnecessary fines and controls from HMRC. This can cost you lot of time and what’s more – redundant stress.
An Accountant will inform you on what cost to include in the tax return, so that you are aware of them and retain all receipts and generate cost by investing in your business. The extra cost that can be included and tax savings on them can easily cover the cost of hiring a professional.
Moreover, hiring an accountant to do your tax return may benefit in your business growth. A certified professionals will help and to lead you in the right directions regarding your future investments and give you advice on financial challenges you may face in your business.
Avoid Extra Costs
Late tax return submission(even by one day) submissions can lead to £100 fine. However, if you are more late or some information are incorrect you can end up with £1,600 penalty.
Tax laws and submission rules are changing all the time, so you need to make sure you are up to date with regulations. Especially now, with the events of Brexit and implementation of Mating Tax Digital there are many additional procedures that needs to be followed.
Whether you decide to hire an accountant or not please remember – we are here to help.
We can help you saving lot of time and money for the future. What can be more important that peace of mind knowing you do things in your business right? 😊