Tax Return Season Is Fast Approaching

shutterstock_164415176As the days become shorter and the nights darker, it’s time to ask yourself that age-old question – ‘Have I sent my tax return information to my accountant?’

Well, maybe it’s not ‘age old’, but if the answer is “Yes!” you can rest assured that everything will be in hand.

If the answer is “No!” it is now time to dust off your 2014-15 paperwork and send it to us. Tax waits for no one, and with Christmas fast approaching, you will no doubt want your tax affairs dealt with in time to put your mind at ease for another year.  You have until 31 January 2016 to submit and pay any tax due to HM Revenue and Customs, but why wait until then?

We strongly recommend that you avoid leaving your paperwork until January. Whilst we will do our best to turn around any tax return information arriving in January, by leaving it to the last minute you risk your tax return being rushed which means we have no time to think about any planning opportunities or provide advance notice of your tax liability.

If you’re struggling to remember what documents you need, please contact your usual PM+M tax adviser now or send an email to tax@pmm.co.uk, and we will be delighted to help you out!