[Positivity]

Hi
For a partnership £220 for the accounts and for filing Tax Return £105 each so total comes to over £400 wonder how that stacks up compared with others?
I know he boosted my expenses with subsistence allowance and use of home etc. things I wouldn't have known about but we're a very small business really and I still have £600 tax to pay as well. .
Thinking do I need a balance sheet and assets and drawdowns etc..
Can you get an accountant to just file the tax return and deal with HMRC 'cos that's the nightmare bit for me!!!

[Dave Willis]

Use something like George or Cleaner Planner print off your end of year reports hand to accountant and wait for tax bill in Jan and July easy.

[ChumBucket]

If you're only paying £600 in tax I would stick with your current accountant! 

[Window Lickers]

I still have £600 tax to pay as well. .

Why are you moaning about that? There's plenty on here who'll be paying multiple amounts of that.

[jimiwindows]

  £11.53 a week tax that not bad.

[kempy]

£12 a week in tax
If be absolutely jumping over the moon wit that .
Lucky lucky boy

[kempy]

£12 a week in Tax , please post his number .

[EandM]

Sounds Great !

[KS Cleaning]

Without knowing turnover, expenditure, allowances etc, etc, etc, how can anyone say his tax bill of £600 is good

[duncan h]

Without knowing turnover, expenditure, allowances etc, etc, etc, how can anyone say his tax bill of £600 is good

+1
My first year as a windy, so not sure what I am doing. I sure don't expect a tax bill, as I spend it all on poles etc. I introduced £8k as a van, so depreciation on that. Always did my own books as most accountants arnt worth the money if your small time.
I had a good milk round for many years. After 7 years tax office said all accounts were no good. WHAT. had them all done again. Cost thousands and went bankrupt. Accountant got sent down as did his dad.
If you use one, get a certified Accountant. If not they are just doing paper work

[ChumBucket]

Without knowing turnover, expenditure, allowances etc, etc, etc, how can anyone say his tax bill of £600 is good

Because if you took the time to read & analyze the original post you would see that the accountant has done all he can to reduce that bill down to £600. Add to that accountant fees of only £220 for the accounts & IMO, plus most others on here the OP is getting a bargain!! I pay more than that as a sole trader just to have my forms filled in!! So, all in all, I would say the OP's got a good deal & it would suggest that £600 is the minimum his acc' has been able to reduce his liability down to.

[Mike #1]

Not bad I pay £350 for my chartered accountant

[Window Lickers]

Well, Ive just had a letter of account from my accountant, and am due £5,531.00 in back payment from HMRC.

Thats what having a new van does for your accounts  

Next payment due to HMRC is January 2016.

Funny cos Ive got a holiday to pay for and a new driveway - Im sure Ill find something else to have to buy as well.

Happy days  

[ChumBucket]

Well, Ive just had a letter of account from my accountant, and am due £5,531.00 in back payment from HMRC.

Thats what having a new van does for your accounts  

Next payment due to HMRC is January 2016.

Funny cos Ive got a holiday to pay for and a new driveway - Im sure Ill find something else to have to buy as well.

Happy days  

Just remember when it does come it will have a double whammy payment on account!!

[KS Cleaning]

Without knowing turnover, expenditure, allowances etc, etc, etc, how can anyone say his tax bill of £600 is good

Because if you took the time to read & analyze the original post you would see that the accountant has done all he can to reduce that bill down to £600. Add to that accountant fees of only £220 for the accounts & IMO, plus most others on here the OP is getting a bargain!! I pay more than that as a sole trader just to have my forms filled in!! So, all in all, I would say the OP's got a good deal & it would suggest that £600 is the minimum his acc' has been able to reduce his liability down to.

Sorry, I seem to have rattled your cage I did take time to read it and stand by what I say. BTW I also think he is getting a good price from his accountant ( a lot less than I am paying )

[SeanK]

Without knowing turnover, expenditure, allowances etc, etc, etc, how can anyone say his tax bill of £600 is good

Because if you took the time to read & analyze the original post you would see that the accountant has done all he can to reduce that bill down to £600. Add to that accountant fees of only £220 for the accounts & IMO, plus most others on here the OP is getting a bargain!! I pay more than that as a sole trader just to have my forms filled in!! So, all in all, I would say the OP's got a good deal & it would suggest that £600 is the minimum his acc' has been able to reduce his liability down to.

Nonsense, if you have a turnover of £25000 a year then your tax bill will be around £3000 so to get a tax bill of £600 you would
have to offset £12000, he's either taking in a small amount or is getting a rebate from previous years.

[jimiwindows]

profit or turnover

[SeanK]

profit or turnover

I would call it turnover as profit is what your left with after expenses.

[ChumBucket]

Without knowing turnover, expenditure, allowances etc, etc, etc, how can anyone say his tax bill of £600 is good

Because if you took the time to read & analyze the original post you would see that the accountant has done all he can to reduce that bill down to £600. Add to that accountant fees of only £220 for the accounts & IMO, plus most others on here the OP is getting a bargain!! I pay more than that as a sole trader just to have my forms filled in!! So, all in all, I would say the OP's got a good deal & it would suggest that £600 is the minimum his acc' has been able to reduce his liability down to.

Nonsense, if you have a turnover of £25000 a year then your tax bill will be around £3000 so to get a tax bill of £600 you would
have to offset £12000, he's either taking in a small amount or is getting a rebate from previous years.

Which bit is nonsense?

Regardless, his "accountant" has "reduced" his liability to "just" £600 by ways the OP would never have known about otherwise. So, given the now "blatantly obvious" do you think the "accountant" has organized the OP's accounts in a way that this £600 liability is actually more than it needs to be?

[SeanK]

Without knowing turnover, expenditure, allowances etc, etc, etc, how can anyone say his tax bill of £600 is good

Because if you took the time to read & analyze the original post you would see that the accountant has done all he can to reduce that bill down to £600. Add to that accountant fees of only £220 for the accounts & IMO, plus most others on here the OP is getting a bargain!! I pay more than that as a sole trader just to have my forms filled in!! So, all in all, I would say the OP's got a good deal & it would suggest that £600 is the minimum his acc' has been able to reduce his liability down to.

Nonsense, if you have a turnover of £25000 a year then your tax bill will be around £3000 so to get a tax bill of £600 you would
have to offset £12000, he's either taking in a small amount or is getting a rebate from previous years.

Which bit is nonsense?

Regardless, his "accountant" has "reduced" his liability to "just" £600 by ways the OP would never have known about otherwise. So, given the now "blatantly obvious" do you think the "accountant" has organized the OP's accounts in a way that this £600 liability is actually more than it needs to be?

Disagreeing with KS cleaning post, your cant say that a tax bill is good if you don't know what the accountant has saved.
If he took in £15000 last year then that tax bill is nothing special you could have got it to that yourself.
Accountants are very good at getting you to believe that they are saving you lots of cash their living depends on it.