Make better book-keeping your New Year’s resolution
The January bookkeeping blues are looming, as small business owners across the UK are crunching the numbers and getting their books in shape to submit tax returns by January 31. This is the deadline for online submission of Self Assessment tax returns. Those New Years Eve revellers who don’t meet the deadline could be slammed with a fixed fine from HM Revenue & Customs (HMRC), of £100, for being just one day late. Diana Flier, senior compliance analyst, Intuit UK, examines the risks.