My accountant

[ckjustpamper]

worrying about this a lot at this time of night but want to get my head sorted. I want to do my own tax returns etc as My accountants bill this tax year just gone was £750. Which just seems crazy considering the amount I do for him he literally just checks it over and gives my tax return.

Do i need to inform the tax office and that I will be doing my tax return from now on?

Do I need to get anything off of my accountant in particular? I have all my previous books for the past 6 years he's done but just cannot justify that expense anymore.

Is it easy to do? I want to be organised hence the questions now x

 

[AcidPerm]

Is your accountant chartered as they charge higher fees generally?
Do you employ several staff?
If you're not keen to do it yourself, consider using a bookkeeper instead?

 

[Beckybee]

I would say that while £750 might seem a lot. A good accountant would save you that much in tax, unless you don't turnover that much.
Doing it yourself, I've never done it, but I suppose a good 5 days to do it, adding up everything, going through all your receipts etc and filling it in correctly. Take into account the fine or extra work or a tax investigation, sleepless nights worrying if you filled the form in, not understanding what a letter means from the inland revenue...

£750 doesn't seem that bad.

FYI we pay £1200, tax and paye. Limited company too.

I wouldn't know where to start, we build the fee into our overheads and of course we claim their bill from the tax...

 

[surf girl]

You need your government gateway password & your unique tax payer reference that's all. You can log in with those and do it yourself

 

[laurakate]

Phone hmrc. They are helpful.

 

[ClaireJones]

As long as you keep up to date with your books - I do mine monthly, I keep a record of every incomings and outgoings and do them on a monthly bases , have been doing mine for nearly 7 years myself and at this moment seem to be ok x