Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

Hello and welcome to another edition of money tips daily. Keep on top of your taxes and claim all your tax free allowances. Staying on top of your tax returns, declaring, claiming back, keeping records and all those forms can be a challenge even if you have an accountant. It requires consistent, regular work just like looking after the weeds in your garden. Leave it for too long and the weeds will take the garden – or the taxman will take your house. Filling in your tax return can be a pain, but so can receiving a penalty notice or worse still an investigation. Decide which is worse, submitting your return on time or a penalty, and then having to do it anyway. One technique which may help is to keep records as you going along on a spreadsheet or one of the many bookkeeping Apps. Gathering all of the information in one go at the end is far more difficult and time consuming, and you will forget to claim allowable expenses. Most people rely on their accountants, but I have found to m