The month of January should be a fresh start to a brand new year. A chance for practice owners to embrace and implement the changes needed to both compete and flourish. However, for many, the wave of optimism is dampened by the looming spectre of tax bills where payment once seemed so far away.
There is no escape from having to complete tax returns and pay tax at the end of January. It should not be a shock to anyone as over 200 years ago Benjamin Franklin warned that ‘nothing can be said to be certain, except death and taxes’.
So what can be done to reduce the fear and financial paralysis that results from the impending January 31 tax return deadline each year ? Here is my three point plan which will allow you to enjoy January each year instead of feeling like you are on the receiving end of the Peaky Blinders:
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