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Like the law in general, where tax returns are concerned, ignorance is no defence in the eyes of the law. As a consequence, if you are even a day late with your business start-up tax return you will be at least £100.00 out of pocket. Make that three months late and the fine will be £900.00, and there are no excuses.
In many cases, the fees we charge can end up being a lot less than fines you may end up paying for a late tax return.
Of course, if you are a start-up business, then every penny counts and you will be looking to save money wherever you can. We would urge you to exercise caution if you feel that accountancy fees were something you wanted to avoid including in your annual budget.
One thing is for sure with a start-up business and it's that you will encounter stress. Surely it makes sense that you utilise your time doing what you do best and leave tax returns and general accounting to someone you can trust?
Let us ensure you pay minimum tax when your tax return is sent in at the end of the year as if you could do it as well as us you’d be an accountant too! If you’re undecided, just get in touch with us and have a chat. It costs nothing, but might open your eyes to what we can achieve for you and your start-up business.