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Don’t leave it to the last minute to file your Self-Assessment Tax Return - Plan smart for the 2023/24 tax year!
22 Feb, 20241 minuteReflecting on last year’s tax season reveals significant insights and a strong case for fili...
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Reflecting on last year’s tax season reveals significant insights and a strong case for filing early:
📊 Key Statistics from Self-Assessment 2022/23
- 12,060,872 Self-Assessment returns were due.
- 11,351,289 returns were filed by 31 January.
- Around 1 million customers missed the deadline.
- 10,965,993 returns (96.2%) were filed online.
- 385,296 paper returns were filed.
🌟 Why File Early?
Financial Planning: Early filing gives a clear picture of your tax liabilities, aiding in better financial planning.
Avoid Penalties: Missing the 31 January deadline could mean fines. Filing early helps avoid these.
Peace of Mind: Knowing your tax responsibilities ahead of time offers financial clarity and peace of mind.
🌐 Transform Your Tax Filing with Cloud Accounting
With cloud accounting, your records will be kept in real-time:
- You’ll be able to take advantage of any tax planning opportunities before the tax year ends.
- You’ll be able to file your tax return soon after the tax year ends.
- You’ll know your tax liability well in advance and, therefore, will have ample opportunity to plan for this.
- You’ll be ready for the next phase of Making Tax Digital for Income Tax Self-Assessment.
📢 Ready to Streamline Your Self-Assessment Filing?
Our team is on hand to help, whether you would like us to help you choose the right software and get you up and running, get you set up, or whether you would like us to take care of your finances for you!
Don’t wait until the last minute. Seize the opportunity to file early for more time to plan, less stress and to avoid any nasty surprises. Get ahead of your taxes and embrace the convenience of cloud accounting today! Contact our Digital Services Manager, Sarah Smith on 01942 292527, sarah.smith@jsllp.co.uk, or Lead Digital Advisor, Elaine Hardy, on 01942 292542, elaine.hardy@jsllp.co.uk to smarten your tax filing experience.