As you have until 31 January 2016 to file your 2014-15 tax return it is all too easy to put it off until later in the year. Although no one wants to think about their taxes early we wanted to highlight 5 benefits of filing your 2014/15 personal tax return sooner rather than later….
- You’ll get a tax refund faster
If you file your tax return now and are due to receive a refund you should receive this fairly soon. HMRC do not wait until 31st January to pay you!
- More time to manage your cash flow
Filing your tax return early enables HMRC to calculate any tax you owe now but you will still have until 31 January 2016 to pay which gives you more time to start saving for your tax bill
- Free advice
If your affairs have changed and you think you may have received considerably more or less income than last year preparing your return early gives us more time to advise you of any tax planning opportunities which could lead to tax savings for you.
- Maximising your expenses and allowances
Preparing your taxes now gives us time to check all your expenses and allowances thoroughly to make sure you claim back the maximum you can.
- One more thing ticked off the to do list!
Getting your tax return out the way gives you one less thing to worry about over the coming months and avoids you getting a nasty surprise during the festive period if you wait until the last minute to file your taxes and have money to pay!
Bambridge Accountants charge a fixed fee of £295 for the preparation and submission of personal tax returns and offer a 25% discount to clients who are members of Spotlight, Casting Call Pro, Director’s UK or Equity which reduces our fee to £221.25.
Don’t delay on your taxes, contact us today on 0207 3757 9290 or email us to find out how we can help you with your 2014/15 tax return.