Resources

Save Yourself From Self-Assessment Misery This January

Blog, FreeAgent
Save Yourself From Self-Assessment Misery This January

While many of us were happily munching and singing, port in hand, over the festive period, a significant amount of people were focused on something else. Tax returns – the scourge of the self-employed – hit home this year, as the BBC reports that thousands of entrepreneurs were filing their self-assessments on the 24th, 25th and 26th December.

This is a sad case, but perhaps one that can be avoided. As the January tax deadline is just over the hill, those who are struggling with their accounts may be in dire need of help, and think there’s nowhere to turn. Well – they’re wrong…

The Self-Assessment burden

Freelancing, contracting and other forms of self-employment leads to increased responsibility. There’s no question that the perks of your work schedule are countered by a mandate to show what money is coming in and out of your account, and where it originated.

HMRC can fine you for a late submission, or open an investigation into the evidence. There’s considerable pressure to get it all done to the standards they expect. This usually equates to searching drawers and folders for receipts you’ve kept for twelve months, matching funds with your bank statements, and listing every expense you can think of.

Since self-employed professionals are generally tight on time, they might not find the hours to do this steadily over the financial year. It’s, therefore, no surprise there was a submission spike over Christmas, as people panicked and filled things out late into the night, just because they finally had a window to do so.

Mediating the burden, and making you happier

If this sounds like you – and if January 31st is still glaring menacingly from your calendar – take heed: you are not alone.

At least, you don’t have to be anymore. Independent professionals should do what they do best, creating waves in their industry and pushing financial small-print to the side. How can this be, though, when HMRC is so adamant about perfection?

Problems like these are what we were born to solve. Our accountancy service is tailored towards contractors, freelancers and small business owners with a hectic workload. We understand that self-assessment is a drag on your confidence, causing you to doubt whatever you’re writing on the tax form.

That’s why we perform it for you, gathering all the evidence we need and making sure you don’t pay more than you owe. Forget questionable expenses, or long trawls through payments you’d forgotten about – the Bright Ideas team absorbs this hassle, and finalises it to a quality the taxman will accept.

Our bookkeeping software, FreeAgent, lets you upload expenses in a flash, beamed direct to us on the other end of a screen. There’s no doubt or mislaid information when we’re building your self-assessment profile.

So, before the end of January, invest in one of our accountancy packages, and eliminate the scramble to complete your tax return at the eleventh hour. From as little as £90 a month, you could have Bright Ideas on your side – how does that sound as a present for the New Year? Call 0161 669 4221 or email info@biaccountancy.com for a quote.

To book in a FREE consultation, contact us today on 0161 669 4221 or info@biaccountancy.com.

Stay up to date on what’s new at Bright Ideas.

    Step 1 of 3

    Thanks for choosing Bright Ideas!

    Let’s get started with a few details…

    (*) Required field
    The field is required
    The field is required
    Email address is invalid
    The field is required
    By submitting you agree to our Privacy Policy

    How can we help?

    I need accounting support for…

    (*) Required field
    The field is required
    The field is required
    The field is required
    The field is required
    The field is required
    £The field is required
    The field is required
    The field is required

    When’s good for you?

    Pick a slot…

    (*) Required field
    The field is required
    The field is required
    The field is required
    BACKLet's get started
    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

      Step 1 of 2

      Become a client

      Let Bright Ideas take care of your accounting. We’re guaranteed to have a solution here that suits your needs. Simply pick the package you like best and we’ll take care of the rest.

      You can sign up for our services right now. Complete the form below and we’ll be in touch the same day (if received before 4pm).

      (*) Required field
      The field is required
      The field is required
      The field is required
      The field is required
      Email address is invalid
      The field is required
      The field is required
      The field is required
      The field is required
      By submitting you agree to our Privacy Policy

      Let’s talk about your business

      Setting up a new business? Already trading as a Limited Company? No matter what your circumstances, Bright Ideas can help.

      (*) Required field
      The field is required
      The field is required
      The field is required
      The field is required

      Included in our company formation service is:

      • Limited Company name of your choice
      • Memorandum and articles of association
      • VAT, PAYE and Corporation Tax registration
      • Certificate of incorporation and Share certificate
      • Companies house registration
      (*) Required field
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required

      Director/Shareholder

      (*) Required field
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required

      Additional director or shareholder (Should only be completed for an additional person)

      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required
      The field is required

      Declaration acceptance *

      The field is required
      The field is required
      BACKLet's get started
      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

         

        Request a Call Back

        (*) Required field
        The field is required
        The field is required
        Email address is invalid
        The field is required
        By submitting you agree to our Privacy Policy
        This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.