The festive season is upon us, and at Gross Klein Wood Accountants in Peterborough, we know how tempting it is to get swept up in the holiday spirit. But while you’re busy planning your celebrations, it’s important not to forget about those looming January deadlines – especially when it comes to your self-assessment tax return.
Beat the January Rush
As a friendly reminder, the deadline for filing your self-assessment tax return for the 2024/25 tax year is January 31st, 2025. This might seem like a long way off, but the festive period has a habit of flying by! To avoid any last-minute stress and potential penalties, we urge you to start gathering your paperwork now.
Key Dates to Remember:
- January 31st, 2025: Deadline for online self-assessment tax returns.
- January 31st, 2025: Deadline for paying any tax owed.
Why is it Important to File on Time?
Filing your tax return on time is crucial for several reasons:
- Avoid Penalties: Late filing can result in automatic penalties from HMRC.
- Avoid Interest: If you don’t pay your tax bill by the deadline, you’ll start accruing interest on the outstanding amount.
- Peace of Mind: Getting your taxes sorted early means you can relax and enjoy the festive season without any financial worries hanging over you.
How Gross Klein Wood Can Help
We understand that dealing with taxes can be a daunting task, especially during the busy holiday period. That’s why Martin and the team at Gross Klein Wood Accountants Peterborough are here to help. We can assist you with:
- Preparing and filing your self-assessment tax return.
- Calculating your tax liability.
- Ensuring you’re claiming all the tax reliefs and allowances you’re entitled to.
- Answering any tax-related questions you may have.
If you haven’t already done so, we encourage you to get in touch with us as soon as possible. The sooner you provide us with your information, the sooner we can start working on your tax return. This will give you peace of mind and allow you to fully enjoy the festive season.
Contact us today to schedule a consultation or simply send your documents over, and we’ll take care of the rest.
Wishing You a Merry Christmas and a Tax-Aware New Year!
From everyone at Gross Klein Wood Accountants in Peterborough, we wish you a very Merry Christmas and a happy and prosperous New Year. Enjoy the festive spirit, but remember to be tax-aware!
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