With Self-Assessment season which ended on January 31st now a distant memory for many, we’re recommending to our clients to start their planning early for their 2011 tax return.
January is always a very busy month for accountants and their clients. Individuals face fines for not filing their return on time and this is frequently down to a lack of planning and leaving paperwork and administration until the last minute. We know of other accountants that make the situation worse by going on holiday in January, a terrible thing for their clients.
Even efficient accountants like Day & Co can struggle with an 11th hour deluge of accounts to calculate and process. Our advice to clients is to start their tax planning early. An hour a month spent filing paperwork and checking that records are in order enables both the client and their accountant to avoid the stress and possible penalties that come when waiting until the end of January to get everything in order.
We work with our clients to ensure that records are kept up-to-date, eliminating the January and February blues that are associated with late preparation and filing of personal tax returns. We value our clients and try to remove the pain associated with tax season, so unlike others, we would never go on holiday during this time.
Call us today on 020 8863 8660 to discuss how we can remove the stress of self-assessment season from your new year in 2011.