January is the month where all individuals in the UK have to submit their Tax returns by 31stof January every year.
Due to this pressure and deadlines all business which are sole traders find this month extremely challenging. They have to ensure that all accounts are sent to the accountants to prepare their Tax returns.
The accountants are very busy during this month. They have to ensure all their clients tax returns are submitted on time.
HMRC continuously send advertisements on news channels, newspapers and on bill boards reminding all citizens to submit a tax return to avoid penalties up to £100.
An interview from an accountant based in Newbury Park says, “That in the month of January is the most stressful month for me and my colleagues. We have to work with concentration for the whole month, we also have to work weekends and long hours to ensure all clients Tax returns are done on time”.
By this interview we realize how hard and tiring accounting really is and after 31st January we will notice the happiness on their faces as Mr. John advises that, “the worst month for us will come to an end”.
