The end of the tax year was the 5th of April 2025.

While you have until 31st January 2026 for online submissions (or 31st October 2025 for paper filings), at Quove Accounting, we strongly encourage our clients to embrace the benefits of filing early. This doesn’t just help us, it helps you too!

Many people think filing early means your accountant has a less stressful time at the end of the tax year. Whilst this is true, there are so many fruitful benefits for you too!

We totally understand that tax matters can sometimes feel overwhelming, but by getting organised now and applying some simple tax planning advice, you can significantly reduce stress and potentially reap some valuable rewards. As your trusted partners for business accounting, tax services and personal accounting services, we want to highlight 7 compelling reasons why tackling your tax return sooner rather than later is a super smart move! And, by doing so, you’ll feel a weight lifted, allowing you to fully embrace the year ahead with financial clarity and control.

Read on and learn how to implement these simple self-assessment tax help tips and see how organising your return early rather than waiting until the deadline date of 31st of January 2026 can transform your life! (Truly!)

1. Filing early provides you with more time to plan for your tax liability.

Once your return is submitted, you’ll have a clearer picture of any tax due. This allows you ample opportunity to budget accordingly, explore payment options, and avoid any last-minute financial strain. This proactive approach is a cornerstone of effective tax planning.

2. Early filing brings invaluable peace of mind.

Knowing your tax obligations are sorted well in advance eliminates the anxiety and pressure that often accompanies looming deadlines. You can focus on your business or personal life without the worry of rushing to gather documents or potentially missing the crucial submission date.

3. The present moment is often the most convenient for accessing necessary paperwork.

Your P60s have just been issued, and pension statements and bank statements detailing interest accrued are readily available. Filing early means these documents are close to hand and not lost in the inevitable clutter that can accumulate over the year. This streamlines the process significantly and reduces the risk of errors due to missing information.

4. Should HMRC make any adjustments to your return, filing early provides you with the time to query these changes and seek clarification.

This proactive engagement can prevent potential misunderstandings and ensure accuracy.

5. Perhaps one of the most enticing benefits is the possibility of claiming a refund if one is due.

Getting organised early means you could receive any overpaid tax sooner, putting that money back in your pocket where it belongs.

6. Rushing to meet the deadline significantly increases the risk of errors in your tax return.

By taking your time and allowing us at Quove Accounting to review your submission, you can minimise mistakes and avoid potential penalties.

7. For those with more complex financial affairs, early preparation is crucial.

Gathering additional information from various organisations can sometimes be a slow process, especially when duplicate documents are required. Starting early gives you ample time to chase these details without the pressure of an impending deadline.

Did you know?

Importantly, even if you submit early, adjustments can still be made to your return before 31st January 2026. This flexibility allows you to submit your return when you're ready without losing the opportunity to incorporate any later financial information.

At Quove Accounting, we are here to support you through every step of the tax return and tax planning process. Whether you require assistance with self-assessment tax help, understanding income tax, or need expert tax advice, our team is dedicated to providing efficient and reliable accounting services. Don't wait until the last minute!

Ready to adopt some affordable accounting support within your business? Excited to have complete peace of mind knowing your affairs are in experienced and safe hands? Contact us today for a free consultation call.

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Categories: Insights