2018-01-23 07:28:50 Self employed English https://djnx69zjp3mvw.cloudfront.net/wp-content/uploads/2017/10/08215911/man-using-quickbooks-on-mobile-phone.jpg Self-assessment: First timers tell all…

Self-assessment: First timers tell all…

2 min read

Your first time can be daunting. How are you meant to know what you’re doing? What if you make a mistake?

We’re talking about filing your taxes, of course. More than 10 million tax returns are submitted to HM Revenue and Customs (HMRC) each year. But one in five (19%) of those who have filed a self-assessment in the past two years think they may have lost out financially because they made an error or didn’t understand the document.

That’s a scary statistic for first timers. But remember, all your self-employed friends have been there, and they all got through it – each with their own story to tell about how they got overcame the rollercoaster ride of self-assessment.

Download our guide now and learn more about preparing for the self-assessment deadline on the 31st of January, as well as how accounting software can help you stay in control of your finances all year round.

Real customer confessions - surviving self-assessment

Get your guide to surviving self-assessment

Need more proof that you can still win the January tax season? Check out this video from some of our favourite QuickBooks self-employed customers.

From Max Knight, the electrician who has mastered the murky world of business finances, to Alex Marshall, the Pilates teacher who vowed never to get caught up in the January panic again, these self-assessment confessions will remind you you’re not alone!

Learn from previous mistakes and pick up some great tips from the people who have been there:

And if you’ve found yourself on this page because self-assessment has come around so soon again, it’s not too late to own the situation. We’ve teamed up with some of our customers, as well as Mark Lee, Chairman of the Tax Advice Network, to help you get back on track.

New for the 2018 tax season, the honest guide to surviving self-assessment sums up everything you need to know about getting up and running.

You can also find practical tips on how to beat the five stages of self-assessment here, which our customers tell us include envy, fear, procrastination, boredom and (finally!) relief. Running your own business is always going unpredictable, but there are some easy ways to make the self-assessment process simpler and stress-free.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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