12 Days of Tax Tips – Day 12

Reasonable estimates

Use an Accountant or Use Estimates in the Return
Call Now Computer Keys In Green For Helpdesk Or Assistance

This is the last one of the series, and it is the simplest.

Self assessment tax returns were devised to be straight forward to complete so theoretically anybody can do them. However, for some, any kind of form or anything to do with money and tax turns them cold. If you think you need help, take up a free consultation with an accountant. If you don’t understand what they are telling you, then they may not be the right accountant for you. Don’t muddle through, try another.

Remember: If you do not have exact figures for required totals such as interest earned on your savings, put in reasonable estimates for now. You can tell HMRC in the additional information box on your return that the figure is an estimate and go back in as soon as possible with an accurate figure. Do make sure to use as accurate an estimate as possible. Just tick the button to show you have used estimates.

If in doubt, there is the HMRC helpline. It can be a queue of 1-2 mins or up to 2 hours.

You can book an appointment to talk to us at https://performanceaccountancy.youcanbook.me/

 

 

Always talk to your accountant before acting on any advice. If you’d like to talk to us about your accounting requirements, please complete the contact form >>>> HERE <<<< and we’ll get in touch.

 

 

 

 

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