Newsletter - Spring 2015
Goldwyns News
At the time of writing here at Goldwyns we are all working hard as we near the end of the 31 January filing deadline for 2014 self-assessment tax returns.
So with another tax year drawing to a close as you read this it is an opportune time to remind you to start collating your self-assessment paperwork to pass to us as soon as you can. There are many advantages to dealing with your tax affairs promptly as it allows you to deal with any problems or complexities while they are relatively fresh in your mind; leaves you plenty of time to chase up any loose ends that may surface; and it gives you plenty of warning for any additional tax liabilities that may arise. This is quite apart from ensuring you do not fi nd yourself at the back of the queue when the next filing deadline comes around in January 2016.
A final advantage arises where you have a payment-on-account to make in July 2015 which may be excessive in light of your actual income and tax position for the 2015 tax year. If we have suffi cient time to calculate your 2014/15 tax liability ahead of the July 2015 payment-on-account we can apply to reduce what you will have to pay at that time to a more appropriate amount.