Eeeek! 3 weeks to file your tax return
You have 3 weeks to file your tax return, so I’ll be brief and helpful!
Remember how this feels
Remembering how horrible this is will help to ensure you don’t get in this same tight squeeze next year. I talk about this ‘pain point’ in chapter 1 of The Magical Mix of Money & Tax but for the purposes of this blog, be mindful of why waiting to the last minute is not such a good idea for either you, your family or your clients.
Bring in a little compassion
You have been procrastinating for a reason. That reason may be conscious or unconscious but the only way to overcome it is by letting go of judgment. In The Magical Mix of Money & Tax I discuss how it’s likely one of the following:
a subconscious defensive mechanism kicking in,
how you feel about tax and your government,
how you feel about money in general,
your pricing is wrong,
not knowing what to claim, and/ or
unable to tackle such a mammoth task in one sitting.
I give solutions to all of these in The Magical Mix of Money & Tax, but I’ll explore the latter two below as these are the most common.
Know what you’re doing
You must know what you can and cannot claim. This is one of the common reasons people get stuck. There are serious implications if you claim something you shouldn’t so it’s important you know what is a legit business expense and what isn’t. Visit HMRC’s website for more details, or see a previous blog I wrote: What can I claim as a Business Expenses?
Take action in small manageable steps
Like any task, it’s much easier to tackle, if done in manageable steps. In chapter 6 of The Magical Mix of Money & Tax, I help the reader do just that. However, to help you finally breakthrough the tax return procrastination, I’m going to give you all of chapter 6 for free. To access the free chapter, just click the click below. NO sign up required.
FREE DOWNLOAD: TheMagicalMixOfMoney&Tax-Chapter6
“This book is a superb read for those looking to file their tax return with ease. It is so refreshing to have a book about tax returns that is simply laid out and easy to understand. Helen writes in a wonderfully calming manner and adds lots of humour along the way which inclines you to keep reading and gives you lots of confidence that you can take control of your finances.’’ Charly