With the year rapidly drawing to a close, now is the time for businesses and people who are self employed to start considering filling in and posting their tax return.

The deadline for sending a paper tax return was October 31, but if you’re one of an increasing number of people that do their taxes online, you’ve until the end of January to fill in and send your forms.

Although many people are mindful of the January 31 deadline, it comes with an earlier deadline of December 30 for anyone that owes less than £3,000 and wants to pay it through their tax code.

In the event you overlook the deadline, there are penalties to pay for. If you are one day overdue in submitting, there is an instant £100 predetermined fee and for every day it is overdue there is an extra £10 charge. There are also higher penalties if you are late by 6 months or more, so ensure that you send it off in good time to avoid the fines.

If you’re having difficulties with your tax return, contact Liptrott and Woosey Accountants for assistance with finishing and filing your return as well as guidance with all elements of business accountancy.

From supporting with business plans to assisting with income, Liptrott and Woosey Accountants Manchester aim to help all their clients be successful in business by supplying truthful and accurate advice.

The team behind Liptrott and Woosey have significant expertise in the industry and built the company as they believed that the larger companies they worked for simply weren’t providing clients with the unique touch. Liptrott and Woosey have a fixed fee and pride themselves on their pleasant support and being just a phone call away should a client need any help or advice.