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| Author: | Bing1978 [ Thu Nov 10, 2016 1:12 am ] |
| Post subject: | accounting |
new to this guys, is it best to go and see a specialist to see whats needed regarding accounts kept and tax issues or is it easy enough to do it all yourself |
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| Author: | thelodger [ Thu Nov 10, 2016 2:48 pm ] |
| Post subject: | Re: accounting |
Unless your planing to work 100+ hours a week, you won't earn enough to pay tax. |
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| Author: | grandad [ Thu Nov 10, 2016 4:36 pm ] |
| Post subject: | Re: accounting |
thelodger wrote: Unless your planing to work 100+ hours a week, you won't earn enough to pay tax. Not everyone is stupid enough to work for nothing. |
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| Author: | heathcote [ Thu Nov 10, 2016 7:37 pm ] |
| Post subject: | Re: accounting |
Agree with you on that grandad. |
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| Author: | Sussex [ Thu Nov 10, 2016 9:55 pm ] |
| Post subject: | Re: accounting |
Bing1978 wrote: new to this guys, is it best to go and see a specialist to see whats needed regarding accounts kept and tax issues or is it easy enough to do it all yourself Self assess. |
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| Author: | Nidge2 [ Sun Nov 13, 2016 3:49 am ] |
| Post subject: | Re: accounting |
Bing1978 wrote: new to this guys, is it best to go and see a specialist to see whats needed regarding accounts kept and tax issues or is it easy enough to do it all yourself You won't need an accountant, just fill your self assessment forms out and send them back to the HMRC. They'll calculate your tax for you and send you a bill if you owe any tax. |
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| Author: | wannabeeahack [ Tue Nov 15, 2016 10:49 pm ] |
| Post subject: | Re: accounting |
Nidge2 wrote: Bing1978 wrote: new to this guys, is it best to go and see a specialist to see whats needed regarding accounts kept and tax issues or is it easy enough to do it all yourself You won't need an accountant, just fill your self assessment forms out and send them back to the HMRC. They'll calculate your tax for you and send you a bill if you owe any tax. do it online, less than £11,000 profit (not takings) and you pay no tax (if you rent a car get a vat receipt for the £300/week (£15,000 a year) or you will pay the tax on it) |
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| Author: | Nidge2 [ Thu Dec 01, 2016 1:44 pm ] |
| Post subject: | Re: accounting |
wannabeeahack wrote: Nidge2 wrote: Bing1978 wrote: new to this guys, is it best to go and see a specialist to see whats needed regarding accounts kept and tax issues or is it easy enough to do it all yourself You won't need an accountant, just fill your self assessment forms out and send them back to the HMRC. They'll calculate your tax for you and send you a bill if you owe any tax. do it online, less than £11,000 profit (not takings) and you pay no tax (if you rent a car get a vat receipt for the £300/week (£15,000 a year) or you will pay the tax on it) Never sent a receipt in yet, put in top line then deduct running costs hey presto bottom line. Send it off and they'll send me a bill. Saves me paying an accountant for doing nothing. |
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| Author: | wannabeeahack [ Thu Dec 01, 2016 6:11 pm ] |
| Post subject: | Re: accounting |
Nidge2 wrote: Never sent a receipt in yet, put in top line then deduct running costs hey presto bottom line. Send it off and they'll send me a bill. Saves me paying an accountant for doing nothing. Which is fine Till they pop round for tea and biccies.... But more so for the base, 50 cars paying £150/week, all cash no reciepts .... though im sure no base would deny having had it or dodge the tax on £390K a year |
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| Author: | Nidge2 [ Thu Dec 01, 2016 9:15 pm ] |
| Post subject: | Re: accounting |
wannabeeahack wrote: Nidge2 wrote: Never sent a receipt in yet, put in top line then deduct running costs hey presto bottom line. Send it off and they'll send me a bill. Saves me paying an accountant for doing nothing. Which is fine Till they pop round for tea and biccies.... But more so for the base, 50 cars paying £150/week, all cash no reciepts .... though im sure no base would deny having had it or dodge the tax on £390K a year Been doing it like that for the last 28 years and they've never popped round yet. |
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