Wanna be self assessment savvy?

Here are my 5 top ways you can combat that self assessment stress feeling: 📅 Prepare and file your self assessment sooner rather than later, this way you’ll know how much tax you are due to pay and can give yourself up to 10 months to pay that off in full. 👩🏻‍💻 Use a bookkeeper or accountant to ensure that you’re making the most of any tax free allowances you’re entitled to. They’ll also be able to advice on what additional expenditure could potentially be claimed. 💰Be sure to keep a thorough record of all of your sales income. 🧾 And don’t forget to keep all of your purchase invoices and receipts. 💻 The easiest way to feel self assessment savvy instead of self assessment stress is to maintain an online bookkeeping system throughout the year and monitor profit levels and estimated tax liabilities.