Why Should I File a Tax Return? Why it’s Actually Good for Me!

It’s that time of the year…….. and oh no!  I need to file my tax return.

I open the ‘filing’ cupboard which is full of so much paperwork and it’s not even filed.  I think I should re-name the cupboard really.

I get out the heaps of paperwork that I’ve been piling up all year round. I need to sift through it, put it in order, chuck out what’s not needed – basically it’s time to get organised because it’s January and I’m approaching the 31st deadline.

I take out one pile at a time, breathing in deeply … and surprisingly enough I find myself actually thanking the 31st deadline, because this is one time in the
year that the annual self-assessment tax return gets me organised.  I’d dread to think what the cupboard, and its surroundings, would look like if this was not forced upon me each year.

Taking responsibility for myself

music headphones
enjoying my music

Unless you’re an accountant, completing a tax return can be daunting, but I feel it’s great to take responsibility for myself. It’s not as difficult as you may think.

Once I get going, l find a system that I enjoy. It’s a chance to put on the music I’ve not played in a while, or the pod-casts I’ve been meaning to listen to.  In fact, I think of it this way :

  • It provides all-round experience on fundamentals I wouldn’t get to understand otherwise.
  • It encourages me to learn things that I don’t know already.
  • It takes me out of my comfort zone.

And what’s more, I find the HMRC tax return helpline always helpful in case I get stuck.

My Benefits of Filing a Tax Return

freedom and accomplishment
on the swing of freedom after accomplishment

It’s a good exercise to put myself through, be it only once a year. Here are the benefits as I see it :

  1.  Organises me
  2.  Gets rid of a lot of rubbish
  3.  Gives me a sense of achievement
  4.  Encourages me to remain organised
  5.  Gets the other side of my brain working more

So it’s not as bad as it sounds, or as it may first seem. I could make it more difficult for myself by just thinking it’s going to be problematic. By throwing in the ingredients of a positive mindset and feelings of confidence I can make it a smooth journey for myself from the beginning.

Once done, I feel a great sense of achievement. There is relief and freedom for sure, but I’m also proud of the accomplishment.

Whatever you happen to do in life, be it fun or boring (as you see it), seek out the benefits it can bring to you, even though they may not be so obvious from the start.  Enjoy the process and make yourself proud.

If you found this blog helpful, go ahead and share it with your friends.

Wishing you success in everything you do!

Dipti Why Should I File a Tax Return – Top of Page

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11 Replies to “Why Should I File a Tax Return? Why it’s Actually Good for Me!”

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      Dipti

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