Get Your Tax Return Out of the Way: Benefits of Early Filing

While the deadline for filing your 2023/24 tax return isn't until January 2025, there are many advantages to getting it done sooner. Here's why you should consider filing early:

• Faster Refunds: Did you overpay taxes in 2023/24? Filing early means getting your refund quicker, putting that money back in your pocket sooner.

• Peace of Mind: Avoid the last-minute scramble and get that tax return out of the way. Early filing means one less thing to worry about.

• Budgeting for Your Tax Bill: Filing early lets you know exactly how much tax you owe. This gives you time to plan your finances and budget accordingly. Spread out payments if needed.

• Proof of Income: Need proof of income for a loan, mortgage, or benefits claim? Filing your tax return early provides this documentation readily.

• Avoid Missed Deadlines: Especially for employed people with additional income sources, filing early ensures you don't miss the December 30th deadline for spreading out your tax payments.

Bonus Tip: If you're self-employed with non-standard accounting periods, filing early can help you navigate the complexities of the 2023/24 tax year, which is a transition year.

Don't wait! File your 2023/24 tax return early and gain peace of mind.