This is an advertisement
Interested In Advertising? | Contact Us Here

Warning!

 

Welcome to Clean It Up; the UK`s largest cleaning forum with over 34,000 members

 

Please login or register to post and reply to topics.      

 

Forgot your password? Click here

8weekly

Re: Self Assessment
« Reply #40 on: October 29, 2015, 01:02:06 pm »
Yes it is for online.
For paper it's end of October.
I didn't have time to shop for software maybe next year.
Print half a dozen A4 forms.
Proof of postage 95p.
Old fashioned but cheaper. ;D
Ah.... well done on diying though. It's not difficult if you have the data but people are afraid of it.

Suffolkcleaners

  • Posts: 765
Re: Self Assessment
« Reply #41 on: November 24, 2015, 11:25:40 pm »
So if your a one man band like me would you get a proper accountant? I have a book keeper who charges me 250 pounds per year but my question is a book keeper just as sufficient as a chartered accountant? I earn less than 50kand not vat registered. I know when I got my mortgage a letter wasn't sufficient from my book keeper as she wasn't a proper accountant so to speak but I don't get a mortgage every day and it takes the stress of working out everything. Mortgage was sorted in the end as just got my SA whatever number forms they are from HMRC.


Suffolkcleaners

  • Posts: 765
Re: Self Assessment
« Reply #42 on: November 24, 2015, 11:33:18 pm »
Another question guys.... What expenses can us windies claim that we might be missing out? I have a friend who had an accountant and they seem to claim for everything..just making sure my book keeper is claiming everything they can.  Equipment,vehicle costs diesel, etc etc. my friend was even going on about taking cash out as a business and an allowance and all that. No idea what he is on about. What could I claim next tax year I may have forgotten?  Like I said small fry earner but if u could save a few hundred quid each year. I work off trolley/backpack van is cheap to run. Would there be any point leasing a brand new van for example? Lots of questions but any expenses I may have missed would be great guys :)

Walter Mitty

  • Posts: 1314
Re: Self Assessment
« Reply #43 on: November 25, 2015, 06:33:15 am »
Another question guys.... What expenses can us windies claim that we might be missing out? I have a friend who had an accountant and they seem to claim for everything..just making sure my book keeper is claiming everything they can.  Equipment,vehicle costs diesel, etc etc. my friend was even going on about taking cash out as a business and an allowance and all that. No idea what he is on about. What could I claim next tax year I may have forgotten?  Like I said small fry earner but if u could save a few hundred quid each year. I work off trolley/backpack van is cheap to run. Would there be any point leasing a brand new van for example? Lots of questions but any expenses I may have missed would be great guys :)

It really depends on how you work, but there are more obscure things that have gone through my accounts over the years - though totally legitimately:

Crowbar.  I carry one around with me because, at some jobs, I lean over the side gate on a stepladder and need it to reach and unhook the bolt.  It's the only use I put it to.
Sunglasses.  Since switching to WFP, I need to look up more.  This can be uncomfortable or even dangerous without proper sunglasses.
Detergent - although not using much with WFP, a very few windows and some inside cleaning requires it still.
Costs for washing work clothes and cleaning cloths.
Electricity/heating for doing accounts - moreso if you put a room aside especially for this.
Stationery.
Phone (proportion?).
Battery charger.
Assortment of small tools such as screwdrivers/scissors/sharp knife/hammer/bradawl etc.  I have used all of these in maintaining WFP at some point.
Minor bits and bobs like jubilee clips/glue/tape/water and electrical connectors.
Some of the things that involve home use/ washing clothes etc. may fall under a reasonable "fixed cost" for simplification.  I used to keep receipts for (proportions of) washing powder, washing machine repairs etc. but I'm told this is no longer necessary.

Things that others might claim for:
Spouse's "wages" if she doesn't already earn her full tax-free allowance.
Banking charges.


Suffolkcleaners

  • Posts: 765
Re: Self Assessment
« Reply #44 on: November 25, 2015, 09:10:05 am »
Thank Walty. I think i have a lot of this covered. Would there be any point changing over from my book keeper to a actual accountant? Or is it just unnecessary expense? I'm only a sole trader so perhaps it's fine with just the book keeper and just keep as many receipts as possible. I think she does claim a small amount for one room where i live. I think the main expenses is if you buy a vehicle which really helps keep the costs down. I don't know whether it would be worth buying a new one for the sake of it and i think you can claim 25% per year for a vehicle or something like that.

Spruce

  • Posts: 8647
Re: Self Assessment
« Reply #45 on: November 25, 2015, 04:58:34 pm »
Most window cleaning software allows for tips so we add them into our annual turnover and declare them as a lump sum.

A customer gives you a bottle of wine which occasionally happens at this time of the year. How do you declare that? 
Success is 1% inspiration, 98% perspiration and 2% attention to detail!

The older I get, the better I was ;)