For more useful tax advice and tips, see the interactive forum, which is regularly updated with the highlights from the following live rss feeds; HMRC, PWC, Deloitte, KPMG, and BDO

Essential reading for all professional accountants

Important Dates published by HMRC 

Paper tax returns, must reach HMRC by midnight on 31 October; whereas filing online the deadline is midnight on 31 January.

The deadline is only later than 31 January if you received the notice to file your tax return after 31 October. You'll then have three months from the date you receive the notice to send your return online.

The question is why leave your tax return until the last minute? It can be submitted at any time after the end of the Tax year (5th April) and having your Accountant, like How3 Tax & Accountancy Services prepare your return will mean you don't end up with any nasty surprises.

Missing the deadline for filing a Tax return could cost you money, as HMRC issue instant fines of £100, plus daily interest.

Why Use Our Accountancy Services?

With the introduction of online systems it is becoming much easier for individuals to submit their own tax returns and accounts, without having to employ an accountant or tax adviser. But unless you have time and motivation to keep up to date with regulations, you are likely to be missing opportunties and ultimately overpaying or incorrectly reporting your tax liability.

Your accountant is regulated by a professional organisation, and has to undertake a reasonable level of continued professional development (CPD), in order to keep their qualification and practising licence. All our accountants abide by their professional bodies CPD policy, our accountants are also covered by professional indemnity insurance.

Using a good accountant or tax adviser will save you time and could save you money. Its also important to remember the accountants or tax advisers fees can be deducted from your gross income, reducing your taxable income.