As the festive season draws near, the excitement of Christmas is palpable across the country, particularly here in Wigan. With the streets of Standish bedecked in twinkling lights, the scent of spiced mulled wine wafting through the air in Scholes, and the melodies of carols echoing in bustling market squares of the town centre, it’s a time for families, friends, and cherished traditions. However, amidst the joyous preparations and holiday fervor, one crucial aspect that demands attention is the approaching Self-Assessment Tax Return deadline. While it might seem like a stark contrast to the festive celebrations, addressing your tax obligations on time can contribute to a stress-free Christmas. Who knows, you might be owed a tax repayment to put towards the presents!
The deadline for submitting your Self-Assessment Tax Return is a critical date that often coincides with the festive season – but only if you are unorganised! For individuals, entrepreneurs, and small business owners, the deadline for filing your Return is Sunday 31 January 2024 – just 77 days away! Failing to meet this deadline can result in financial penalties and unnecessary stress, casting a shadow over the festive spirit.
To avoid last-minute panic, it’s imperative to stay proactive and organised. If you haven’t already done so, please provide us with your information so we can begin the preparation of your Tax Return and advise you of your latest tax position.
This will give you the peace of mind that your tax affairs are always complete in advance of the January deadline and allow you to fully embrace the joy and warmth of the holiday season.
To arrange a meeting to discuss your affairs or drop in with your books and records, please contact your usual NRB advisor or our tax team.