Why I do my tax return in April

Excellent advice re self assessment

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Many people I know who are self-employed or run small businesses submit their tax returns – and find out what they owe – AND pay what they owe – at the end of January each year.

I have just done mine this morning. Not to be smug, I promise, although I am feeling a little smug about it right now, but because a) I have all the information ready, and b) I want to know what I owe the taxman, especially as this is the year I will have to start paying my tax on account (AKA “The double tax year”). You can read all about that in my guest post with Emily Coltman.

And, I am pleased to say, I had a nice surprise. I went a bit wrong and wildly overestimated when I worked out what I thought I was going to owe. But even if it…

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