Have you got the summer holiday blues?

Oct 19, 2012

Croombs Chartered Accountants in Hampshire

With most of us back to work after the Summer Holiday now begins the countdown to, dare I say it, Christmas!

One of the jobs many of us leave until the last minute (other than the Christmas shopping!) is their tax returns.  For those of you that do have to complete tax returns, there isn’t much time to get all of your information together and sent in to the Revenue.  Many people try and complete their own tax returns but in my experience although some people do a fantastic job the majority of taxpayers are unable to do this very well.  This means that the returns they complete are incorrect and potentially liable to penalties from the Revenue.  In addition they may not be claiming for all the things that they should be therefore leading to higher tax bills!

An Accountant does not need to be a cost to you as a taxpayer.  If you complete incorrect tax returns you could be liable for up to a 100% tax penalty and also interest charges.  By using an Accountant you know the return will be completed accurately and this in itself will save you the penalties you may have to pay.

If you are a business owner we also specialise in making sure we link your personal tax affairs to your business affairs so that you pay the correct amount of tax.  Now I’m not talking about the Jimmy Carr saga, more of making sure all those little costs that you pay out for your business but never claim are included in your business accounts.

If you would like to see how we could help you with your tax return or business accounts please feel free to contact us.  All initial meetings are free of charge and of course at no obligation to you.



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