Tax Return Time!
It’s near the end of the tax year. From the 6th April 2022 you can submit your tax return for 2021/22.
Don’t let that scare you, if you prepare it early it doesn’t mean you pay your tax early. The payment is still only due by 31 January 2023.
Preparing your tax return for your OnlyFans income now will mean that you know your exact tax bill in advance and can start to save and budget for it.
If you prepare you tax return last minute then you won’t have any time to budget which could leave you with a large tax bill and no money to pay it.
Contact us to help with your return, we can also negotiate with HMRC if you have an unaffordable tax bill. We’ve successfully set up many payment plans however it’s always best to budget accordingly so you never get into the position of needing a payment plan.
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