TME Accountancy Services Ltd

21/06/2025

My first Hugo Spritz. Very nice. Thanks for the recommendation Georgina 🍸😘

01/04/2025

Lets get you organised!!!

The tax year ends on the 5th April, get your tax returns filed early to avoid any unexpected surprises. TME Accountancy Services can help. Give us a call on 01706-345179

Getting your tax return sorted early can help you avoid last-minute stress, unexpected liabilities, and potential fines. Here are some key steps to stay ahead:

1. Gather Your Documents
✅ Income records – Payslips, P60, P45, self-employment invoices, rental income, dividends, etc.
✅ Expenses & deductions – Receipts, business costs, mileage logs, pension contributions, etc.
✅ Bank statements – Helps cross-check transactions.
✅ Tax reliefs & allowances – Check for any eligible deductions (e.g., work-from-home allowance).

2. Review Your Tax Code
If you're employed, ensure your tax code is correct to avoid overpaying or underpaying tax.

3. Use Accounting Software or an Accountant
If you're self-employed or have multiple income sources, accounting software or a tax advisor can make the process much easier.

4. Submit Your Return Early
The deadline for online filing is 31st January 2025, but filing early means:
✔️ No last-minute rush
✔️ Time to plan for any tax owed
✔️ Faster tax refunds if you're due one

5. Check for Any Changes in Tax Rules
Tax rules change every year. Make sure you're aware of any new allowances, tax thresholds, or regulations affecting your return.

6. Make Payments in Advance (if Needed)
If you're required to make payments on account, budgeting for them early can prevent cash flow issues.

Getting it done early means you can focus on the new tax year without the burden hanging over you! Need help with anything specific?

15/10/2024

For all you self employed -it’s worth a watch

Watch This Free 28-Minute Training Video To Learn How To Start & Grow A Highly Profitable Property Portfolio To 6-Figures A Year. https://go.richard-norris.c...

15/10/2024

https://youtu.be/pH267df4XEg?si=hrxYT9wTb4pc6pQr

This video will help you find answers to the most common questions about your Self Assessment statement.*Tell us how we can improve the HMRC YouTube channel ...

15/10/2024

https://youtu.be/PJtKRHGV4iE?si=KF3ld-cQr4w1VNdC

This short video briefly explains how crypto transactions are taxed for individuals.*Tell us how we can improve the HMRC YouTube channel through this quick f...

10/05/2024

Five reasons why you should file your tax return early 👍

Almost 300,000 Self Assessment customers filed their tax return on the first day of the new tax year.📽️ Here’s five reasons why you should file early too.Fo...

17/03/2024

Happy 4th birthday to my favourite thing. Little Reggie Reg 🎂🥳🐕‍🦺🐾🥰

10/11/2023