You may not be thinking about your tax return during this glorious sunny weather, however now is a great time to complete it. See below for just some of the reasons:
- You have more time to save for the 31st January 2022 payment deadline
- You may be able to reduce your 31st July 2021 payment on account, if your income has reduced
- You will be able to check your 2021 profits against 2020 profits to check you are eligible for the 5th SEISS grant
- No last minute surprises
- More chance of finding an accountant to help you. Many close their books to new clients during the busiest periods.
- You will feel so much better when it has been done!
As a reminder, the Covid grants are all taxable and the tax return will look a little different this year. Please contact me for a quote if you need help.