Smith Allen Chartered Accountants Encourages Early Action on 2024/25 Self-Assessment Returns

A record-breaking number of people—nearly 300,000—submitted their self-assessment tax returns in the first week of the new tax year, according to data from HM Revenue & Customs (HMRC). This milestone highlights a growing trend towards early filing, helping taxpayers avoid last-minute stress and giving them clarity over their financial position sooner.

At Smith Allen Chartered Accountants, we believe this proactive approach makes perfect sense. By tackling your 2024/25 return early, you can spread out any payments, resolve potential queries quickly, and better plan for any liabilities well before the January 2026 deadline.

Why File Early?

Filing your tax return early offers several practical advantages:

• Peace of Mind: No looming January deadline or late-night panics.

• Cash Flow Planning: Know exactly what you owe and when—helpful for managing personal or business budgets.

• Faster Refunds: If you’ve overpaid tax, an early submission means a quicker repayment.

• Avoiding Penalties: Early submission reduces the risk of missing the deadline and facing automatic penalties.

How Smith Allen Chartered Accountants Can Help

Whether you’re a sole trader, company director, landlord, or high earner, our team is here to take the stress out of self-assessment. We offer:

• Personalised tax return preparation

• Advice on allowable expenses and deductions

• Capital gains tax planning

• Support for landlords and property income

• Guidance on dividends, pensions, and other income sources

• HMRC correspondence management

We don’t just tick boxes—we help you understand your tax position, claim all legitimate reliefs, and stay compliant.

Don’t Leave It Too Late

The earlier you act, the more options you have. With a straightforward onboarding process and dedicated support throughout, Smith Allen Chartered Accountants makes it easy to stay ahead of the game.

📞 Call us today on 07491 770155

📧 Email: info@SmithAllen.uk

Let us help you take control of your tax return—before the rush begins.