Don’t forget the tax credits deadline!

The tax credit deadline is 31 July 2014.

If you have been claiming tax credits you should have received your renewal pack by now which you need to complete and return by 31 July (unless your renewal pack gives you a different deadline).

If you miss the deadline your tax credits payments will stop and you’ll be sent a summary. Your tax credits claim will end 30 days after you’re sent the summary if you don’t renew.

So make sure you’re filling in your renewal pack in plenty of time.

If you need information on tax credits then visit the official government website which should be able to answer any questions that you have.

Westwood Accountancy is your friendly, local accountancy firm. Accountants with personality!

If you need some support with your business finances then please get in touch on 01207 509871 or drop Sharron an email on sharron@westwoodaccountancy.com to see how we can help.

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10 tips for tax returns.

Yes folks it’s that time of year again. Use our 10 handy tips below and your tax return should be a doddle.

1) Put all your information/correspondence relating to your records in a lever arch file,

2) Make sure you open all your post when you receive it,

3) Go through all your paperwork every week. Set some time aside every week for just getting your paperwork up to date,

4) Mark on your paperwork as much detail as possible for example date paid

5) File your business and personal bank statements separately in order received,

6) File all employment paperwork,

7) Do this filing as you go along,

8) Make an appointment with you accountant on 1st May,

9) Keep appointment and agree when the tax return is to be prepared,

10) Sit back and wait for prepared tax return and relax!

Westwood Accountancy can help you with your tax returns. We’re friendly and approachable so why don’t you drop me a line on sharron@westwoodaccountancy.com or pick up the phone and give me a call on 01207 509871.

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