Beat the Stress: 5 Reasons to Submit Your 2024/25 Tax Return Now
- bes Accountancy Services
- Jun 9
- 4 min read
Filing your self-assessment tax return may not be the most exciting task on your to-do list, but completing it early could be one of the smartest financial decisions you make this year. At BES Accountancy Services, a leading accounting firm in London, we help self-employed professionals, freelancers, and businesses across the UK take control of their finances through timely, accurate tax submission. If you're still waiting to file your 2024/25 tax return, now is the perfect time to act.
Why Early Filing Matters
While the official deadline for self-assessment tax returns is 31 January 2026, many taxpayers underestimate the advantages of submitting well before the cut-off. From faster refunds to improved cash flow, early filing provides clear and practical benefits for individuals and businesses alike.
Below are five compelling reasons why you should submit your self-assessment tax return now—and how BES Accountancy Services can help you do it quickly, correctly, and stress-free.
1. Faster Tax Refunds
One of the most immediate advantages of filing early is the possibility of receiving your tax refund sooner. If HMRC owes you money, submitting your 2024/25 self-assessment tax return now can help you get that cash back quickly—often within a few weeks.
That extra cash can make a real difference to your summer plans, whether you’re investing in your business, paying off debts, or enjoying a well-deserved holiday. At BES Accountancy, we ensure all eligible allowances and deductions are accurately applied so you receive what you’re entitled to.
2. Avoid the January Rush
Every year, thousands of people leave their tax returns until the last moment. This not only creates unnecessary stress but increases the risk of errors and missed information.
Filing early means:
You avoid the last-minute scramble.
You have time to gather documents and ask questions.
You reduce the chance of mistakes or penalties.
Our clients in London and across the UK regularly tell us how relieved they feel after ticking off their tax return well ahead of time. Our trusted tax advisors make the process easy with clear communication and expert support.
Want to dive deeper into choosing the right accounting tools for your business?
Read our related blog, where we compare platforms like Xero, QuickBooks, Sage, and more.
3. Better Cash Flow Management
Early filing isn’t just about avoiding hassle—it’s also a strategic move. Knowing your tax liability months in advance gives you time to plan your finances accordingly. This is especially helpful for business owners, contractors, and freelancers who experience seasonal income or fluctuating expenses.
Instead of being hit with a surprise tax bill in January, early submission helps you:
Budget more effectively for the rest of the financial year.
Allocate funds for investment or savings.
Reduce the likelihood of having to borrow or delay payments.
4. Time to Fix Issues and Reduce Errors
If there’s a problem with your tax return—missing information, inconsistent records, or queries from HMRC—you’ll want time to sort it out properly. Filing in December or January leaves little room for correction.
At BES Accountancy Services, we proactively review your documentation and highlight any inconsistencies before submission.
This means you can:
Avoid last-minute errors.
Correct inaccurate tax code adjustments.
Prevent unexpected fines or compliance issues.
5. Free Up Your Summer—and Your Mind
Summer is a time to relax and focus on growth, not grapple with HMRC deadlines. Filing early means your tax obligations are dealt with well in advance, freeing up your calendar—and your mental energy.
With the BES team managing your submission, you’ll have more time to:
Focus on scaling your business.
Enjoy family time.
Work on strategic planning.
Related:
Are you a construction company looking for guidance on managing finances under the Construction Industry Scheme?
Don’t miss our in-depth guide:
Construction Industry Scheme (CIS) Accounting: What UK Contractors and Subcontractors Must Know – essential reading for UK builders, subcontractors, and construction companies.
Why Choose BES Accountancy Services?
Founded in 2020, BES Accountancy is a leading London-based firm offering bespoke accounting solutions to clients throughout the UK. Whether you’re a sole trader, freelancer, or director of a growing company, we provide expert self-assessment tax help that’s tailored to your specific circumstances.
Led by certified bookkeeper Besnik Vata (AAT Licensed), our team of five experienced professionals delivers:
Timely and accurate tax return submissions.
Expertise in Xero and QuickBooks for seamless digital filing.
Support with payroll, bookkeeping, VAT, and more.
We understand how busy our clients are. That’s why we value availability, efficiency, and trust—making sure you always feel informed and in control.
Visit us for a free consultation at 75 Colney Hatch Lane, London, United Kingdom, N10 1LR.
Or simply [call 07816264205 to speak with our director Besnik today].
Your Early Filing Checklist
To help you get started, here’s a useful checklist of what you’ll need to file your 2024/25 self-assessment tax return:
Your Unique Taxpayer Reference (UTR) number.
Your National Insurance number.
Details of all income (employment, self-employment, rental, dividends, etc.).
Records of business expenses and allowable deductions.
Bank interest statements.
Pension contributions and charitable donations.
P60s, P45s, and any relevant payslips.
Previous tax return (if applicable).
HMRC login credentials (or authorisation to act on your behalf).
Common Mistakes to Avoid
Even experienced professionals can make simple errors that result in HMRC fines. Our job is to make sure that doesn’t happen to you. Here are a few pitfalls we help our clients steer clear of:
Forgetting to declare additional sources of income.
Missing the deadline.
Misreporting expenses.
Submitting without reviewing for accuracy.
Using outdated figures from the wrong tax year.
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Final Thoughts: Make It Easy on Yourself
Filing your self-assessment tax return doesn’t have to be stressful. In fact, with the right guidance and preparation, it can be surprisingly straightforward—and even financially rewarding. With faster refunds, better planning, and peace of mind on the table, there’s no reason to wait.
Let BES Accountancy Services save you time and take the weight off your shoulders.
We serve clients across the UK, but our roots are firmly in London—where the majority of our clients trust us as their go-to self-assessment accountant. Whether you prefer to handle things digitally or visit us in person, we’re here to help.
Call now on 07816264205
or come and visit us at 75 Colney Hatch Lane, N10 1LR.
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