{"id":5419,"date":"2023-10-25T09:25:56","date_gmt":"2023-10-25T09:25:56","guid":{"rendered":"https:\/\/www.bainesjewitt.co.uk\/blog\/?p=5419"},"modified":"2023-10-25T09:25:57","modified_gmt":"2023-10-25T09:25:57","slug":"100-days-until-the-self-assessment-deadline-are-you-ready","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/100-days-until-the-self-assessment-deadline-are-you-ready\/","title":{"rendered":"100 days until the Self-Assessment deadline: Are you ready?"},"content":{"rendered":"

We are now only 100 days away from the Self-Assessment tax deadline on 31 January 2024.\u00a0<\/span>\u00a0<\/span><\/p>\n

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As a small business owner, you will no doubt know that taking timely action is crucial to avoid unnecessary fines and stress.<\/span>\u00a0<\/span><\/p>\n

This blog is a reminder to start your tax return process now, rather than waiting until the last minute.<\/span>\u00a0<\/span><\/p>\n

Why start preparing early?<\/span><\/b>\u00a0<\/span><\/p>\n

Being proactive and completing your tax return ahead of time provides you with the advantage of knowing exactly what your tax obligations are.\u00a0<\/span>\u00a0<\/span><\/p>\n

This, in turn, allows you the freedom to plan your payments in a way that suits your business’s financial situation and gives you a more accurate view of cash flow and accounts issues.<\/span>\u00a0<\/span><\/p>\n

Where to find help with your tax return<\/span><\/b>\u00a0<\/span><\/p>\n

HM Revenue & Customs (HMRC) offers a range of complimentary online resources for business owners.\u00a0<\/span>\u00a0<\/span><\/p>\n

You can find these by searching ‘Self-Assessment’ on the <\/span>GOV.UK<\/span><\/a> website or by <\/span>clicking here.<\/span><\/a>\u00a0<\/span>\u00a0<\/span><\/p>\n

You should take full advantage of these tools to ensure you’re fully prepared.<\/span>\u00a0<\/span><\/p>\n

If liquidity is a concern and you’re unable to make full payment upfront, HMRC is more than willing to work with you to establish a manageable payment plan.\u00a0<\/span>\u00a0<\/span><\/p>\n

If your tax liability is less than \u00a330,000, you could also qualify for a ‘Time to Pay’ arrangement, which can be set up online without needing to interact directly with HMRC.\u00a0<\/span>\u00a0<\/span><\/p>\n

In addition, an accounting professional can assist you with the complexities of Self-Assessment tax returns and ensure you remain compliant with the associated rules and regulations.\u00a0<\/span>\u00a0<\/span><\/p>\n

They can help to submit your return on time and take away much of the hassle related to the process.<\/span>\u00a0<\/span><\/p>\n

For more information on how an accountant could help you complete your tax return, get in touch with one of our experts.\u00a0<\/span><\/b>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

We are now only 100 days away from the Self-Assessment tax deadline on 31 January 2024.\u00a0\u00a0<\/p>\n","protected":false},"author":2,"featured_media":5142,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45,38,24,125,44,59,28,120,121,75,7,27,128],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5419"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=5419"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5419\/revisions"}],"predecessor-version":[{"id":5420,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5419\/revisions\/5420"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media\/5142"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=5419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=5419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=5419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}