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UK General Cleaning Forum => General Cleaning Forum => Topic started by: Mrs Nicholls on July 24, 2006, 10:14:32 am

Title: tax returns
Post by: Mrs Nicholls on July 24, 2006, 10:14:32 am

Hi Can anyone help me out?

our turnover is less than £15000 for 05/06
which bits in the partnership tax return do we need to complete?

Yes for Q3 for trading

Then trading and professional income questions 3.1-3.13 (name of biz and accounting periods etc)

(not claiming any capital allowances 3.14-3.23)

Then income and expenses for accounting period 3.24-3.26
Does a business loan from a charitable trust get included in the turnover amount?
and expenses is that  everything except drawings?

page 4 i'm to ignore i think. is page 5 carrying on from page 4 cos none of it makes sense to me.
Do i then have to complete partnership statement (short).
What does change of basis mean?

Sorry for all the questions, just want to get this bloody form done.
Thanks
Lisa

Title: Re: tax returns
Post by: *Chris Browne on July 24, 2006, 10:19:44 am

Hi lisa,

Why dont you get an acountant? they really are the best investment you can make when starting up in busness, it would save you so much time and they really are not that expensive ;)


chris

Title: Re: tax returns
Post by: Mrs Nicholls on July 24, 2006, 10:22:16 am

Hi Chris,
I'm in the process of getting one, but if i only have to fill in these couple of boxes, i can send it away my self, this one anyway.

Title: Re: tax returns
Post by: *Chris Browne on July 24, 2006, 11:18:05 am

I would still phone them for free advice, if you make a mistake it can prove costly ::)


chris