Calling all Sole Traders: It's Self-Assessment Time!

Attention to all hardworking sole traders! It's time to roll up our sleeves and ensure your financial affairs are in order. 💼💪 

 

Completing your self-assessment can seem daunting, but it doesn't have to be! At JSB Accountants, we take care of the accounts, so you can focus on your business. Here is some advice to get you started: 

 

1. Know Your Deadlines: Mark your calendars! The deadline for filing the self-assessment tax return is 31st January. Missing the deadline can result in penalties, so it's crucial to stay on top of your paperwork. 

 

2. Gather Your Documents: Take the time to gather all relevant financial records, including invoices, receipts, bank statements, and any other documentation related to your business income and expenses. 

 

3. Get Professional Advice: Get in touch today and we will help you complete your self-assessment tax returns and ensure that you are as tax-efficient as possible. 

 

Remember, completing your self-assessment is not only a legal requirement but also an opportunity to take control of your finances and ensure compliance with HM Revenue & Customs regulations. So, let's tackle this task head-on and start the new tax year on the right foot! 💼✨ #SelfAssessment #SoleTraders #UKTax #FinancialWellness #HMRC