If your recently self employed, then you will soon be due to do a tax return.

Tax Returns need not be complicated or something to be feared and left on one side.  If you file your Tax Return late you are likely to incur a penalty.

For a basic Tax Return all you will need is your profits for that part of the tax year and of course your loss’es.

If you have all your receipts and invoices then your outgoings can all be grouped together for the final part of your Tax Return.

Don’t forget that you can claim up to 40p a mile for any traveling that you do, but make sure to keep a note of your mileage as you may need to prove this if your ever asked.

Filling in your Tax Return can take as little as 10 minutes if you have all the documentation that you need.