Dear Valued Clients and friends,

Nearly 300,000 customers have already submitted their tax returns in the first week of the new tax year.

Join them by filing your Self Assessment tax return for the 2023 to 2024 period early, and enjoy peace of mind for the remainder of the year.

Not only does early submission provide peace of mind, but it also offers several practical benefits that can ease your financial planning.

Know What You Owe – Sooner!

By filing your tax return early, you’ll find out exactly how much tax you owe well in advance. This allows you ample time to prepare for the payment, which isn’t due until 31st January 2025. Knowing ahead of time can help you better manage your finances without any last-minute surprises.

Why Submit Early?

Submitting your tax return early offers numerous benefits:

  • Early Refund: Find out sooner if you are due a refund and receive it quicker.
  • Flexible Payments: Spread your tax payments to help with budgeting.
  • Support Available: Access help if you encounter any difficulties paying your Self Assessment tax.
  • Reduce Stress: Avoid the last-minute rush and associated stress.
  • Proof of Income: Use your tax return as documentation for mortgages, loans, or benefit claims.

Early filing does not mean early payment

It’s important to note that filing your tax return early does not mean you have to pay any tax owed early. You still have until the end of January 2025 to make your payment. This offers the flexibility to plan financially without the immediate pressure to disburse funds.

Don’t Need to Complete a Tax Return?

If you believe you no longer need to complete a tax return, our online tool can confirm this for you. Learn more about stopping Self Assessment by watching our informational videos.

Let’s Get Started

We encourage you not to wait. Start gathering your documents and consider submitting your tax return soon. If you need assistance or have any questions about the process, our team is here to help. We can guide you through every step and ensure that your tax return is completed efficiently and correctly.

Act Now for Peace of Mind

Take action today to secure your peace of mind for tomorrow. Visit our website for resources or contact us directly to schedule a consultation. Let us help you make this tax season the smoothest one yet.

Thank you for your attention to this important matter. We look forward to assisting you with all your tax needs.

Warm regards,

Deepti Agarwal ACA

Watermill Accounting/Innovation Credit