If you are asked to do one, can you afford not to use someone who specialises in tax and knows what to claim and what not to claim for?
Can you afford to miss out and pay ‘extra’ tax? The Taxman isnt going to read between the lines and suggest to you that ‘perhaps’ you have not claimed for all that you can!
Head to The Tax Return Specialists and see how little they charge for this service.
Following on from my post re being nominated for the Mumpreneur Awards 2010, I received an email last night from the ladies at www.themumpreneurconference.co.uk telling me that I was in the final 6 and to attend the awards ceremony in September.
You can imagine how excited am about this.
So, roll on September and lets see what happens!
Has HMRC sent you your paper tax return and you have put it to the bottom of the pile in your intray?
Here is a list of deadlines you need to be aware of:
Paper tax return deadline = 31st October 2010
Online tax return deadline = 31 January 2011 UNLESS:
You owe tax of less than £2,000 and want HMRC to collect this tax in your coding, then it must be filed by 30 December 2010.
So thats the deadlines out of the way then, but what about confidence in your ability to submit them and get it correct?
Well we can all fill in forms and hope, after reading the notes, to fill in the correct amounts in the correct boxes, but do you know about all the allowances you are allowed to claim for? Do you understand depreciation and its consquences? If you own a second property, do you understand what is allowed and what is not, and what tax you have to pay what on?
Tax is a very complicated minefield, that’s why I would suggest that unless you have a very simple, straightforward, short return to do, that you get someone else to do it.
Ok, so you have an Accountant and think he should do it? Fine, but have you asked for his price on this? Unless you have an all encompassing bundle, you might find him (sorry ladies) or her, charging you silly prices ie in excess of £200 to do it. They will (quite rightly) tell you that its just a small part of what they do for you and others and that they will charge this amount as they have to go away and make sure they are totally au fait with the latest tax laws. So why not use someone then who is on the ball, and has a dedicated team who just work on tax returns? Sound good?
Or what if you feel you don’t need an Accountant as you have no real business, maybe, you just own a second property and collect rent etc, again, what about using a service which solely deals in tax returns and tax affairs?
FTZ Tax are tax return specialists
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