How your small business can be prepared for tax return season

  • by Carole Jordan
  • 06 May, 2016
Small business owner completing their tax return before January 31st

Do you find doing your tax return stressful? Well you’re not alone!
Here’s our top tips to help you avoid the fines and stay calm. 

(Keep calm and do your tax return!)

Prepare your small business tax return early!

The financial year has just ended, all the information you need for your 2016 tax return will be fresh in your minds. So why wait until January 31st 2017 to submit it? Even if you submit your return early but forget to put something in, you can go back and re-submit at a later date. If you’re not sure which information you’ll need to put into your return then download our free Tax Return Checklist from our support page.

Ensure you're getting the right support

Self-Assessment can be a complicated process, especially if you’re juggling multiple jobs and running a business. This is where our skills and expertise come in! Sometimes you might need our help, so if you’re feeling a bit out of your depth we can prepare and submit your Tax Return for you, alternatively we can just offer some advice over the phone.

Even changing the program you use to collate your figures can ease some of the stress. Try to keep on top of your bookkeeping throughout the year. Maybe try a different accounting system, each accounting system will suit different businesses, it depends what you require the software to do, and the level of understanding you already have around what information is required.

Accounting systems with the BusinessHeads stamp of approval!

Our favourite online system. Really friendly interface, easy to use, easy to customise, all the time saving features of online systems such as automatic bank feed, payroll, an app for mobile devices and connects with lots of add on software. Also has a telephone helpline.
Very good value at £10 per month and if you only need their cash book rather than a full blown accounting system that is only £5 per month. 

Very popular online system due to their excellent marketing clout, but has its limits (they all do). We are not so keen on the displays for customer and supplier information and there is no telephone helpline but it has an app and if you need one of their software partners this will be the one for you.
£20 per month for their mid-range product. 

Old time offline favourite of our clients because of its ease of use, flexibility and currency features. It was ahead of its time. Uniquely, you can report on a cash basis which is very useful for charities and some not for profit organisations.
 Starting price of £160 for the offline system and £10.50 per month for online.

This is the big one, first on the market years ago, very stable and reliable with great telephone support. They are customer driven and really understand small businesses.
Their offline system starts at £160 and their online system is very competitive at £10 per month. Becoming increasingly popular as their existing client base moves online.

January 31st might seem a long way off but you’ll be surprised how quickly it comes around, it’s best to get your tax return out of the way so you can focus on growing your small business. If you need some advice call us on 01273 882200, or email us at

Why not take a look at our services pages and understand more about what we can do for your business.

All details above were correct at the time of publishing - for more up to date information please get in touch .

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