Reminder: Tax Return Deadline is 31st January 2025
As the year draws to a close, it’s crucial to remember that the deadline for submitting your Self-Assessment tax return for the 2023/2024 tax year is fast approaching. The cut-off date is midnight on 31st January 2025. Missing this deadline can result in penalties, so now is the perfect time to ensure your financial records are in order.
Braceys Accountants, specialise in making tax returns simple and stress-free. Their
team of experienced professionals can:
- Help you gather and organise all necessary documentation.
- Ensure you claim every allowable deduction and relief.
- Review your return to prevent errors and omissions.
- Communicate with HMRC on your behalf.
- File your return on your behalf, giving you peace of mind.
Individuals and partnerships alike need to ensure they comply with HMRC’s requirements
when it comes to tax. Bracey’s tax services don’t stop with filing a tax return, they constantly review their clients’ tax positions to identify opportunities for becoming more tax efficient.
Who Needs to Submit a Tax Return?
You must file a Self-Assessment tax return if you:
- Are self-employed and earned income that isn’t taxed through PAYE.
- Have income from savings, investments, or dividends.
- Have rental income or income from abroad.
- Earn more than £50,000 and claim Child Benefit.
- Are a high-income earner or have additional sources of untaxed income.
If you’re unsure whether you need to file, please feel free to contact them.
Whether your finances are straightforward or complex, Braceys Accountants can guide you every step of the way. Don’t let the stress of filing weigh you down.
If you would like to book a free 30-minute consultation, please feel free to email at
katie.wells@braceys-accountants.co.uk or by calling 01438 727141.
Wishing you all a Merry Christmas!
