Tax season can always create fear and anxiety, especially when you’re already dealing with a lot personally or professionally. However, the sooner you can face and correct the issue, the sooner you can breathe and relax.
First, try to compose yourself and think rationally. You cannot fix this by avoiding the problem. Work with an accountant, as they’ll know what to do in unique situations. You might be able to avoid penalties if you can address the situation right away, and they know exactly what to do, what documents you need to submit, and how to file accordingly.
Now, to prevent this from happening again, always be prepared. Everyone knows that tax season is in April, so make sure to keep all your statements handy. If you don’t want to deal with any of this in the future, you can always have an accountant for hire and they’ll know what to do. If you’re looking for an accountant in Southend, UK, I highly recommend Arb Accountants.