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05 February 2018
Put your client admin into motion.
- Although the deadline for filing 2016-17 self-assessment tax returns has passed consider writing to clients who have not sent the information needed to submit the forms. It may be possible to mitigate any late-filing penalties if they have a reasonable excuse.
- The facts in the First-tier Tribunal case of Shannon (TC6297) demonstrate the importance of maintaining accurate and complete records of agreements and transactions. Retain relevant correspondence no matter how insignificant.
- Practitioners who have the time might consider holding a workshop for people in their community who ask the tax questions they have been too afraid to ask...
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