Follow the FreeAgent Game Plan for Self Assessment
Here at FreeAgent, we know that Self Assessment season can be a pretty stressful time when you’re running a small business.
The deadline for filing your tax return with HMRC is looming ever closer and you may be facing what seems like a herculean task of getting your books in order - including sorting through all of your expenses and working out exactly what you actually need to put in your Self Assessment return.
Millions of people have to go through Self Assessment every year and a huge number of them actually end up failing to get their tax returns submitted on time. In the 2011-12 tax year alone, HMRC issued 915,000 fines to people who missed the deadline.
During the run-up to the January 31 deadline, we know that there are also many people who search for information about Self Assessment. We actually get quite a few questions every January about the Self Assessment process, often from people who are looking to get their tax return filed on time.
So that’s why we’ve decided to take the bull by the horns this year and give people who run small businesses a helping hand for navigating Self Assessment.
How? With a 12-week email programme designed to provide really useful information about the Self Assessment process. Called the Game Plan, it’s designed specifically for people who are either filing their tax returns for the first time or have been frustrated by the process in previous years.
We are sending out weekly emails to all Game Plan subscribers, which break down Self Assessment into bite-sized chunks. Each email is packed with tips and information about that week’s Self Assessment topic, and we’ll also be offering access to additional whitepapers and social media Q&A sessions during the run-up to the submission deadline on January 31st.
- Video: an introduction to VAT by HMRC
- You deserve better: why you need to break up with your spreadsheet
- Simple ways to save yourself future Self Assessment stress
- Making Tax Digital consultation response published
- Not feeling (a) fine? You might have a ‘reasonable excuse’ for not completing your tax return