It is impossible to ignore the fact that deadlines define life in an accountancy firm. From steering clients through the process of completing annual self-assessment tax returns to stewarding businesses that need to submit VAT returns on a quarterly basis, the next big obstacle is always just around the corner.
These deadlines are made all the more daunting because there are usually penalties involved in failing to meet them. Meanwhile, if you want to form long-term working relationships with high-value clients, keeping them happy will require a lot of careful coordination and time management.
We have created a handy printable calendar in an Excel format that includes all the most important tax & accounting deadlines for 2019.
The main filing deadlines are:
- Company accounts – to be filed at Companies House nine months after the year end (but beware as this is different for the company’s first accounts).
- Confirmation statement – previously known as the annual return, this has to be filed at Companies House on the anniversary of incorporation.
- Corporation tax return – to be filed at HMRC 12 months after the year end. Watch out: to pay the tax nine months after the end of the year the tax calculation, via a tax return, must be completed.
- Corporation tax – payable nine months and one day after the year end.
- PAYE RTI (Real Time Information) returns – to be filed monthly. HMRC often does not use the information in real time and there have been issues with data overwriting.
- Self-assessment tax returns – by 31 January for the previous tax year.
- VAT Returns – filed and paid quarterly, one month and seven days after the quarter end.
This calendar was brought to you by Smarty Accounting. A software-based solution is the best option for modern accountancy firms looking to avoid chaos at the end of each financial cycle. And Deadlines from Smarty Software is a good example of how digitising your time management can pay dividends. Powered by the cloud, this software has the added benefit of being remotely accessible, with regular reminders also sent out via email so that you can get an instant snapshot of where things stand with your clients from week to week. There is even a dedicated smartphone app to deliver full functionality on-the-go, while cutting edge servers are fully protected by the latest security measures.
Changing the ethos of an accountancy firm takes time, but in truth, it can only go so far in the fight against missed deadlines. On the other hand, the right software can catalyse this shift and deliver tangible improvements that will make life easier for employees while giving clients greater confidence in the organisation as a whole.
Sign-up now to Smarty Accounting or book your free demo at www.smartysoftware.net/accounting