Small businesses are paying too much tax

According to a recent survey by Clydesdale and Yorkshire banks, 1 in 5 small businesses have missed out on tax breaks and grants whilst 1 in 10 have missed tax filing and payment deadlines.

In today’s economic climate every penny matters to small businesses which is why unwelcome late filing penalties and interest charges on late payments of tax and VAT need to be avoided.

To check the key dates & deadlines relating to your business visit the following pages of the HMRC website:

Self Assessment            http://www.hmrc.gov.uk/sa/deadlines-penalties.htm

VAT                             http://www.hmrc.gov.uk/vat/managing/returns-accounts/deadlines.htm

Corporation tax           http://www.hmrc.gov.uk/ct/getting-started/deadlines.htm

PAYE                           http://www.hmrc.gov.uk/paye/file-or-pay/fileonline/deadlines.htm

IF you think your business may be eligible for a tax break, or you would like to discuss the different tax breaks available, why not give Judith a call on 07817 046096 or email Judith@jsaccountancy.co.uk for a no obligations chat.

Consideration is given to the relevant tax breaks and grants available to your business as part of our accountancy and tax service.  Our clients receive advice on tax savings opportunities such as the annual investment allowance as part of the service at no extra cost.