Where do I start with my PIT return?
The most important decision we should make is who will settle our tax return. The choice is actually small, as we only have two options. The first is to try to deal with all the necessary documentation ourselves. The second is to outsource this task to a specialist, such as an accountant from an accountancy firm.
While the first option does not involve any additional costs, the second is certainly much more secure. A professional accountant will settle your income quickly and efficiently, and her experience will reduce the risk of error to a minimum.
But what if you want to settle the account yourself?
You have decided that you want to deal with your tax return yourself. In this situation, it is worth bearing in mind a few essentials. Here is a short list of the next steps of the tax return.
1. don't wait until the last day. You will always have time to seek help if there are complications.
2 Choose the appropriate return form. Consider the source of income and how it is taxed.
3. check whether settlement can be made for you by the payer.
4 Find out whether you can benefit from a preferential form of taxation, e.g. joint taxation with your spouse.
5 Check which tax credits and deductions apply to you.
6. collect all documents that can facilitate your accounts, such as the PIT-11 issued by your employer.
7. proceed to calculate the tax liability.
8. submit your tax return in a form that is convenient for you - at the office, by post or electronically.
9. remember to settle the underpayment of tax, if any.
If you have income from different sources in a given year, you may have to fill in several declarations. It is therefore a good idea to set aside sufficient time for this, so that no one rushes you and puts you at risk of making mistakes that would result in you having to submit corrections. And this would involve additional paperwork for you.
Not convinced you can do it alone?
There is no denying the fact that settling a tax return is often not as straightforward as it might seem. This is especially true when there is not just one, but four forms to be filled in. Each of these forms relates to a different income, and each is governed by its own rules.
In this situation, it is best to use professional services. An accounting office is the answer to your concerns. Your accounts will go into experienced hands. The accountants will fill in all the necessary documents for you without too much trouble. You won't have to worry about any mistakes, nor will you lose time and nerves doing this tedious work yourself. Check out what we can help you with! Take a look at our offer.
