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Filing taxes can feel overwhelming, and it is very common that things are left until the eleventh hour. You might be dealing with several procrastinators waiting until the last minute to file their Self Assessment tax returns.
You must even be able to name those clients pushing up against an impending busy season deadline. In fact, 20,947 taxpayers completed their return at the very last minute!
Despite being a crucial obligation, the most common reason why people procrastinate is that they do not want to think about taxes. Most accountants find that their clients leave it too late, and in a rush to file on time, they end up making simple mistakes.
People tend to be creatures of habit, and some clients will likely remain so without intervention.
The straightforward answer is no. Unless there is an unavoidable situation, it is best not to delay Self Assessment tax return filing. As accountants, you must ensure that you have all the necessary information in advance as clients might delay in providing the same. Many of your clients will always rush in at the last minute, and it is best to acknowledge the perpetually late and encourage them to submit their information earlier.
Moreover, filing tax returns early doesn’t mean you must pay the liability immediately. And you don’t want us to remind you of the heaps of paperwork that will pile up for you at the last hour. Thus, it is best to communicate deadlines of when things need to be submitted and give them the nudge to file early.
We recommend that you don’t entertain last-minute Self Assessment tax return filing requests and that you start reminding your clients to file their Self Assessments on time. The sooner you get all the necessary data, the faster you can file their returns.
If you are concerned and stressed about the increased workload on your team, there is no reason to hit the panic button. QXAS can quickly and efficiently prep your client’s submission cutting out long, frantic hours and stress. Not only will you save big but also gain resources you can absolutely trust.
QXAS’ Self Assessment tax returns outsourcing services ensure that your team gets the best support. With our tax prep services, you will be able to find the status of each tax return, ask for reports and identify those tardy clients who might need that extra nudge. What’s more? Our FTE managers will be checking all tax returns twice before we would submit them for your review.
Combining creative flair with a solid foundation in research-oriented content marketing, Divya assists accountants in understanding and navigating pressing industry issues. With a knack for distilling complex data into actionable advice, she helps professionals make informed decisions to enhance their practices.
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