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We are now taking on new clients for the January Tax Deadline

If you’re yet to submit your 2022-23 self-assessment tax return, don’t panic, we can help!

If you are required to complete a self-assessment tax return, the deadline for online filing is 31st January 2024.

It’s important to get your tax return information to your accountant as soon as possible following the end of the tax year (5th April) so that they have enough time to complete your tax return ahead of the filing deadline.

With that being said, we understand that the day to day running of your business must take priority and it’s not unusual for our clients to put their tax returns off until December, or even January. Whilst this isn’t ideal, we can still help!

At PW John and Co Accountants, we are now taking on new clients for the January tax deadline.

We work with self-employed individuals and business owners from a wide selection of industries to complete their tax returns and assist with meeting deadlines.

Contact us today to find out how we could help you too.

When is the self-assessment tax return deadline for the 2022-23 tax year?

For those who complete their tax returns online, the deadline is 31st January 2024. The deadline for paper tax returns was 31st October 2023.

If you think that you may have missed your ‘paper deadline’, don’t panic! We can help you to submit your tax return electronically instead. Please give us a call on 01934 412097.

Who has to submit a self-assessment tax return?

Unlike employed individuals who pay tax at source, if you are a self employed individual (a sole trader) or a partner in a business partnership, you must submit a self-assessment tax return every year.

You may also have to submit a self-assessment tax return if you receive rental income or income from savings, investments or dividends, or have sold assets during the tax year (such as additional properties or shares).

If you think that you may have to submit a self-assessment tax return, please get in touch.

What are the penalties if I miss the deadline for the 2022-23 tax year?

If you  miss the deadline for submitting your self-assessment tax return, you will pay a late filing penalty of £100.

If you miss the deadline by more than 3 months, the late filing penalty will increase and you will also be charged interest on late payments.

Contact us today to avoid uneccessary fines!

You can call our team on 01934 412097, email or complete the form on our contact page and we’ll be in touch shortly.