April 5th, 2013

Five New Tax Year Resolutions

Here’s five things you can do to make the new tax year the most organised and relaxed ever!

Do it early – ok, the deadline for filing your tax return is ages off but why wait? Getting your tax return done early means you’ll know how much tax you owe well before you need to pay it. And don’t forget the sense of smugness of having sorted yourself out before everyone else!

Do it better – keeping really good records is vital these days to avoid problems with HMRC. Using an online service such as Xero is simple and cheap.

Get the basics right – you don’t need to be looking at fancy international tax schemes to reduce your tax bill. Some basic tax planning and organisation can save you thousands.

Get insured – a tax enquiry can be a hugely stressful thing to deal with. Tax enquiry insurance is a cheap way of buying some peace of mind by giving your accountant the very best chance of fighting your case.

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John manages a wide portfolio of owner managed businesses and oversees the smooth operation of the firm’s payroll department.

After obtaining his degree in mathematics from the University of Liverpool, John joined Jonathan Ford & Co in 2004 and qualified as a chartered accountant four years later. John likes to keep abreast of developments in tax and accounting and is responsible for the mentoring of junior staff.

Outside of work, John enjoys keeping fit and is a Liverpool FC season ticket holder.

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