Accounts Done Right Sleep at Night!

Published Date: 17th September 2019

Accounts Done Right Sleep at Night!

Picture this, December is almost over and January is fast galloping into sight bringing with it HMRC’s 31st January self-assessment deadline! Worst still, you hadn’t managed to allocate any time in your busy schedule to prepare for it up to now and January isn’t looking any less busy!

Or the VAT for your business is due soon, you are behind on gathering the relevant invoices, expenses and bank statements for the previous year, you don’t have a complete understanding of what you can claim as a business expense to help reduce your tax liability and you are running out of time to submit it!

When it comes to complying with HMRC’s deadlines, failing to plan can and does result in many a night’s sleep being lost for many, whether you are a sole-trader or a business owner.

Running a small business can be a stressful experience, especially in the start up phase when there are many demands coming at you from every angle, testing your time and technical skills.  You have a business to run and the last thing you need is to be getting lost in deadlines and form filling.  Working hand in hand with your accountant means they can focus on what they are good at, using their knowledge and expertise to satisfy all the requirements placed on businesses by the government and to comply with all the various tax legislations and deadlines.  Not to mention that tax laws are ever-changing, and your accountant will be well-advised of the changes meaning you don’t have to be.  This will allow you to use your time and energy to focus on growing your business.

Get an accountant and you’ll run your business with more clarity and confidence.  They keep things running smoothly and don’t need to cost the earth.  In fact, your accountant can certainly be worth their fee with the money they can save you at tax time.

Most of us don’t have the specialist knowledge of how to make the most out of our money that an accountant has, so hiring one to help may actually save more money than the cost of the service and will certainly put your mind at rest.  Accounts done right, sleep at night – never has a truer statement been said!  That’s why we use it as our tag line here at JT AccountS – spot where we mentioned it in our first ever newsletter.

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TOPICS: Business Bounce Back Loans Property Taxes  - April 2020 changes landlords need to be aware of Educate the Executor Other Covid-19 Daily Updates:Practice Number: 21331Jacqueline Tetley is licensed and regulated by AAT under licence number 5096.