So it’s the end of the summer holidays and the August Bank Holiday weekend weather didn’t allow much outdoor activity. But don’t be sad, look forward, plan and prepare to fire back into action and make the end of 2015 a positive one!
If you’re at all like me, there’s a lot of planning to do. The children needed preparing for school: uniforms, sports gear, pens, paper and bags – school dinners or packed lunches? All the planning and preparing helps them have a positive start to a new school year.
In business, it’s important we do the same. Planning for your business end of year, VAT return, investment or seasonal changes are all important. If any of these cyclical events are looming, it’s always best to start thinking about your accounting records and have them ready as soon as possible. Think about your stock, work in progress, customer debts and amounts you owe.
It’s also very important to be sure you invest in new equipment at the right time to maximise tax reliefs each accounting year. Any expenditure on these items near year end should be carefully planned.
If you are prompt with end of year accounts, it allows the best support and business advice to be given. Unlike common belief, your tax does not have to be paid any earlier, so planning pays off.
Personal tax clients also need to be planning ahead. We have until 31st January 2016 to submit tax returns and pay any outstanding tax due. If you haven’t already done so, get your information together and send it over to us as we can help process and ensure deadlines are met.
There are 2 key deadlines people often overlook. If you want any tax you owe to be collected through deductions on your wages or pension income, your return needs to be submitted before 30/12/2015. Most people now do their returns on-line, but don’t forget if you still do a paper return the deadline is 31/10/2015. Also, if you think you need to do a tax return but haven’t yet registered, you should do so before 5th October.
We can help with all business and personal tax returns and registering for tax. So don’t get the holiday blues, be organised and get help.
If you have any questions please email email@example.com