Make Tax Season Easier. If you are looking to make tax return season easier, here are some recommendations:
1. Sign up for an accountancy software to keep all your business records.
2. Open up a business bank account to keep business transactions separate from personal transactions. If you choose TIDE Banking, there are no monthly fees and you can also use code RIAJAINE for 12 months free transfers as well as no monthly fees!
3. Use a Receipt Capture tool to capture all of your receipts on the go and say goodbye to paper copies. A lost receipt is a loss of tax relief.
4. Use the csv download feature within your booking software, as this will give you your income figure from bookings for the tax year at the click of a button.
5. Sign up for online submissions – they benefit from a later deadline!
6. Last but not least, consider enlisting the services of an accountant who can take care of all of the above for you. The cost works out less than one set of nails each month and you get peace of mind and your Sunday afternoons and evenings back while receiving tax relief on the expense, too!
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