Make sure you don’t miss the online tax return due dates

Posted by admin on December 19, 2011 under Finances, News | Be the First to Comment

With the end of the year rapidly approaching, now is the time for businesses and people who are self employed to begin thinking about filling in and sending off their tax return.

The due date for sending a paper tax return was October 31, however, if you’re one of progressively more people that do their taxes online, you have until the end of January to fill in and send your forms.

Although many people are mindful of the January 31 deadline, it comes with an earlier deadline of December 30 for anybody that owes less than £3,000 and wants to pay it through their tax code.

In the event you forget the deadline, you will find fees and penalties to pay for. For being one day missed in submitting, there is an instant £100 preset fee and for every day it is overdue there is an extra £10 charge. There are also greater penalties if you are over 6 months late, so ensure that you send it off in good time to steer clear of the fines.

If you’re struggling with your tax return, contact Liptrott and Woosey Accountants for assistance with finishing and processing your return as well as support with all factors of business accountancy.

From supporting with business plans to assisting with cashflow, Liptrott and Woosey Accountants Manchester aim to help all their clients be successful in business by providing honest and accurate advice.

The team behind Liptrott and Woosey have considerable expertise in the industry and built the company as they thought that the larger companies they worked for basically weren’t supplying clients with the personal touch. Liptrott and Woosey have a fixed fee and pride themselves on their friendly service and being just a phone call away should a client need any support or advice.