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www.mrgutters.co.uk

  • Posts: 871
tax return help
« on: November 14, 2008, 10:09:26 pm »
i am doing my tax return online..i have entered all my figures and info but its saying that i have underpaid tax for 2007-2008.

i know i have a oustanding bill from july of this year is that what its meaning or is it something totally different.

shawn
If a job's worth doing, it's worth doing well.

paulscotney

Re: tax return help
« Reply #1 on: November 14, 2008, 10:15:37 pm »
I don't wish to be boring but why not use an accountant. If you shop around you will get one for less than £150 maybe even £75 and they should save their fee, in savings.

Re: tax return help
« Reply #2 on: November 14, 2008, 10:19:32 pm »
I think the outstanding bill should have been higher.

www.mrgutters.co.uk

  • Posts: 871
Re: tax return help
« Reply #3 on: November 14, 2008, 10:25:22 pm »
ok sounds about right
If a job's worth doing, it's worth doing well.

CLEANGLASSUK

  • Posts: 738
Re: tax return help
« Reply #4 on: November 14, 2008, 10:25:40 pm »
Find an accountant, Mine does my window cleaning and my tanning salon for just £140 a year.

Re: tax return help
« Reply #5 on: November 14, 2008, 11:01:10 pm »
doing it yourself is better. You will make mistakes but you will learn.

Moderator David@stives

  • Posts: 8829
Re: tax return help
« Reply #6 on: November 15, 2008, 10:34:48 am »
Discount

You might make mistakes and learn from them, but some of the mistakes could take years to discover.

 stick to what your good at, give your accounting to the accountant.

By not worrying about anything about the taxman allows me to press on more with my business.

Moderator David@stives

  • Posts: 8829
Re: tax return help
« Reply #7 on: November 15, 2008, 11:04:26 am »
I clean my accountants windows, if he did them they would be a mess.

he does my accounts, if I did them, they would be a mess.



I like that one



Central Window Cleaners

  • Posts: 845
Re: tax return help
« Reply #8 on: November 15, 2008, 06:40:31 pm »
Where can you get an acountant for £75 a year, the last two we have had have cost well over £600 a year including end of year

paulscotney

Re: tax return help
« Reply #9 on: November 15, 2008, 07:21:21 pm »
I
Where can you get an acountant for £75 a year, the last two we have had have cost well over £600 a year including end of year

That's what he used to charge me  You have to do the adding up and give him the figures. He doesn't add up all your recepits etc. or go through your bank statements adding up expenses, earnings etc.  He advises what is allowable etc., what's not, what you have missed and fills in the form. It was plus VAT of course.

He only only charges me £350p.a. for ltd co accounts.

I used to get charged about £250,  10 years ago but that was from a different accountant, when I just gave all the paperwork, receipts etc. and left it to them to add up.