Rose143
Very Proud Creative Geek
Hi peeps,
I know this is long but I really need some help, losing sleep over this now!
As I mentioned the other day about going to see an accountant, well, I was a little spooked, she smelled of alchohol when I walked in and had a bottle of wine on her desk :Scared: So yeah, first impression not so great. We then we got talking and she said to me that I do need an accountant if I'm gonna start employing somebody and she also said the Inland Revenue is happier accepting tax returns from accountants than from your regular self employed person. When I spoke to Ronald (my b'f) he said I don't need her especially if she is gonna charge me £400 to do a tax return. Ronald believes I am quite capable of doing this thing myself. Now I know most of you do this yourself but I just don't want them to investigate me, This accountant said they would be more likely to investigate me if I didn't have an accountant involved. Then she went on to tell me that she is not really qualified and that she failed her final exam 3 yrs ago :Scared: OMG what was I thinking!!!!! Anyway, I am thinking of going on one of those inland revenue courses again about tax etc but I didn't really learn from the first one. Everybody in my class was more concerned about there own business questions rather than general questions which made it very hard for all of us. Should I get an accountant or do it myself???? I don't want to shoot myself in the foot here but then again, I also don't wanna get ripped off. This accountant also said that other accountants will charge me at least £600 which I didn't believe.
Next question, do I need to open a business banking account? Ronald says I don't need to, the accountant said I have to. So I asked this accountant why I should open an account that the bank is gonna charge me for depositing money into when the transactions are gonna be exactly the same as my personal account, because I'm a sole trader. She couldn't answer me, all she said was, good question! But will I need to anyway seeing as I will be taking someone on?
Any advice you may have would be great, thank you so much!
xxxx
I know this is long but I really need some help, losing sleep over this now!
As I mentioned the other day about going to see an accountant, well, I was a little spooked, she smelled of alchohol when I walked in and had a bottle of wine on her desk :Scared: So yeah, first impression not so great. We then we got talking and she said to me that I do need an accountant if I'm gonna start employing somebody and she also said the Inland Revenue is happier accepting tax returns from accountants than from your regular self employed person. When I spoke to Ronald (my b'f) he said I don't need her especially if she is gonna charge me £400 to do a tax return. Ronald believes I am quite capable of doing this thing myself. Now I know most of you do this yourself but I just don't want them to investigate me, This accountant said they would be more likely to investigate me if I didn't have an accountant involved. Then she went on to tell me that she is not really qualified and that she failed her final exam 3 yrs ago :Scared: OMG what was I thinking!!!!! Anyway, I am thinking of going on one of those inland revenue courses again about tax etc but I didn't really learn from the first one. Everybody in my class was more concerned about there own business questions rather than general questions which made it very hard for all of us. Should I get an accountant or do it myself???? I don't want to shoot myself in the foot here but then again, I also don't wanna get ripped off. This accountant also said that other accountants will charge me at least £600 which I didn't believe.
Next question, do I need to open a business banking account? Ronald says I don't need to, the accountant said I have to. So I asked this accountant why I should open an account that the bank is gonna charge me for depositing money into when the transactions are gonna be exactly the same as my personal account, because I'm a sole trader. She couldn't answer me, all she said was, good question! But will I need to anyway seeing as I will be taking someone on?
Any advice you may have would be great, thank you so much!
xxxx