Posted by Aston Avery

January burnout warning for small businesses ahead of self assessment deadline

We all know being a business owner can be hard work, but according to data released today, over two in three (68%) of sole traders agree they already feel burnt out, even though we’re just weeks into the New Year.

The data released by financial management software company Intuit QuickBooks also reveals 80% of sole traders had feelings of anxiety, stress, or worry about their business over the Christmas break, which led to over half (54%) being unable to fully ‘switch off’.

Furthermore, to add to the stress, there is another big worry – the looming January 31st Self-Assessment tax return deadline. Some, who started businesses in the latter part of the global COVID-19 Pandemic, will be filling out their return for the first time.

Aston spoke to accountant and author Rachel Harris and Pauline Green from Intuit QuickBooks.

Photo by Glenn Carstens Peter on Unsplash

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