this is how i do itgross/ 4000expenses/500net /3500all done you will get a letter back to say tax to pay 0 no accountantyou have to be earning less than 15 K
if earning more than 15 k you carnt use the form its called Self Assessment tax return for onemanband like me who earn 4k
When you earn less than 15k, you only fill in a simple tax return, so simple a complete Idiot could do it. Over 15k, and it get's a bit more complex.
This is all you doprofit £4000outgoings £500Net £3500its as easy as that,but if you not registered to taxman dornt bother let him find you it could take him 5 years to catch up with you then you, just act numb like me, but it comes naturally to me
Quote from: bumper on January 02, 2012, 11:15:22 amThis is all you doprofit £4000outgoings £500Net £3500its as easy as that,but if you not registered to taxman dornt bother let him find you it could take him 5 years to catch up with you then you, just act numb like me, but it comes naturally to me I am going to register, opening a seperate bank account tomorrow then going to register and get direct debit set up for national insurance contributions.
Quote from: Sean : Gleaming Windows on January 02, 2012, 11:19:41 amQuote from: bumper on January 02, 2012, 11:15:22 amThis is all you doprofit £4000outgoings £500Net £3500its as easy as that,but if you not registered to taxman dornt bother let him find you it could take him 5 years to catch up with you then you, just act numb like me, but it comes naturally to me I am going to register, opening a seperate bank account tomorrow then going to register and get direct debit set up for national insurance contributions.what you mean national insurance contributions you dornt need to pay them you will get Pension Credit to top up your Social Security you will still get pension even if you pay nowt you will get the same pension for those who paid its called pension credit so let them idiots pay there national contributions and buy nice things for yourself like new gardeners slx
I normally send my tax return in online just before the 31st of this month via my bookeeper who charges £300. So I would like to know if any of you do the same but without the services of a bookeeper or accountant. I've got all my reciepts takings/outgoings etc not the best but all in order.
Quote from: Klean07 on January 02, 2012, 09:50:24 amI normally send my tax return in online just before the 31st of this month via my bookeeper who charges £300. So I would like to know if any of you do the same but without the services of a bookeeper or accountant. I've got all my reciepts takings/outgoings etc not the best but all in order.Why leave it so late?