Clean It Up

UK General Cleaning Forum => General Cleaning Forum => Topic started by: lisa123 on May 25, 2006, 03:35:19 pm

Title: self assess and tax credit etc
Post by: lisa123 on May 25, 2006, 03:35:19 pm: Don't know if this is the right place to ask, but when you are calculating turnover, do you include any loans received and partners money introduced?

then minus all expenses

and divide whats left into the partnership share?

(share being what each partner introduced) for example i paid in x and have 75% share and other lisa paid in x and has 25% share

allsales 10000
loans 1000
partners intro 1000
minus expenses 7000

leaves 5000
3750 partner 1 profit
1250 partner 2 profit

(not actual figures by the way) this form is doing my head in.
Title: Re: self assess and tax credit etc
Post by: Art on May 25, 2006, 06:37:04 pm: What about giving it to your accountant?
Title: Re: self assess and tax credit etc
Post by: lisa123 on May 25, 2006, 06:51:46 pm: :( i haven't got one. can't afford one yet sadly.
Title: Re: self assess and tax credit etc
Post by: *Chris Browne on May 25, 2006, 07:17:30 pm: lisa, there are plenty of low cost accountants about, most of them do monthly terms you will be surprised at how much a month it would cost and for piece of mind its worth it! i will email you a company that have franchises all over the country that specialise in small business's

chris
Title: Re: self assess and tax credit etc
Post by: Moderator David@stives on May 25, 2006, 07:21:19 pm: Lisa

you cant afford not to have an accountant.
He will save you more money than he charges , you should be able to get one for £150 for your first year if it is simple accounts.
You could actually fill in the form the wrong way which will cost you more in the long run.
An accountant wont usually pay you until after they have produced your end of year accounts.

Dave
Title: Re: self assess and tax credit etc
Post by: Karl Wheeler on May 25, 2006, 07:26:17 pm: Hi Chris
You obviously run a professional business, but if you don't mind me saying your website is in need of a makeover. Did you do this yourself ? Would you be interested in having a site built that portrays you company the right way.?

KARL
Title: Re: self assess and tax credit etc
Post by: *Chris Browne on May 25, 2006, 07:32:42 pm: i agree it was a homemade job from years ago, im having one built at the mo, thanks anyway

chris
Title: Re: self assess and tax credit etc
Post by: BSF on May 25, 2006, 08:24:07 pm: Quote from: karlno5 on May 25, 2006, 07:26:17 pm
Hi Chris
You obviously run a professional business, but if you don't mind me saying your website is in need of a makeover. Did you do this yourself ? Would you be interested in having a site built that portrays you company the right way.?

KARL

Just send him a copy of frontpage 6.0 you know the one your website was built with, its dead user friendly isnt it?
Title: Re: self assess and tax credit etc
Post by: *Chris Browne on May 25, 2006, 09:06:02 pm: woooooohh, put those claws back in, go and sit down with a cuppa and a nice hobnob and watch the telly, i love a nice hobnob, do you?
Title: Re: self assess and tax credit etc
Post by: BSF on May 25, 2006, 09:13:48 pm: Quote from: chris browne on May 25, 2006, 09:06:02 pm
woooooohh, put those claws back in, go and sit down with a cuppa and a nice hobnob and watch the telly, i love a nice hobnob, do you?

You are the sites HOBnumpty.... is that how McVities spell it? bet youve been called worse!

He has got a point though, like I said just buy a copy of frontpage then even you could have a website like that, u could then charge more per hour ;D