Who's panicking about their accounts? 2011/2012
- Thread starter Baggybear
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jojo@tranquil
Well-Known Member
Thank goodness I have an accountant ! I just put all my receipts , bank statements , card statements, monthly takings sheets into folders (monthly) and give it to my accountant every 6 months.
I paid my tax bill in December as soon as it came through the door.
I could never leave it all till last minute, I have enough stress in my life not to add this to it !
I paid my tax bill in December as soon as it came through the door.
I could never leave it all till last minute, I have enough stress in my life not to add this to it !
Bluerinse
Well-Known Member
jojo@tranquil
Well-Known Member
Definitely ! Could not run my business without her ! I am hopeless with numbers and would just get in a muddle and be unsure if I was putting everything through I could.
Also something's you can't put through all in one year for example I paid goodwill of about £10000 for my business which is put through in a % each yr also equipment etc is a bit confusing !
Get an accountant anyone who doesn't use one :hug:
Also something's you can't put through all in one year for example I paid goodwill of about £10000 for my business which is put through in a % each yr also equipment etc is a bit confusing !
Get an accountant anyone who doesn't use one :hug:
Dream Nails
Well-Known Member
I have an accountant but every day/week I do my books.
I have one of those green hardback account books. Each day I list what I've taken and every time I bank or purchase something it goes straight in my book.
This way I only have to tot the columns and milage up.
It's just one of those things that can easily get away from you and then your left in a pickle
Vicki x
I have one of those green hardback account books. Each day I list what I've taken and every time I bank or purchase something it goes straight in my book.
This way I only have to tot the columns and milage up.
It's just one of those things that can easily get away from you and then your left in a pickle
Vicki x
MermaidsSecret
Active Member
Wow!
I had no idea so many people were getting Accountants and panicking about the deadline... Ive been panicking until now and now relax!!!!
Im employed (office work) and self-employed (Massage work) and last tax year, I only worked one day free-lance and I knew I had to declare it but wouldnt be taxed on it coz didnt earn enough but because HMRC kept sending me the wrong forms I got an extension til end of Feb for a paper copy.
Since setting up my own business... Ive been really anal about my keeping my receipts and even went to the tax office a few days ago to get the forms for 12-13 ready for April coz dont want to have to ask for an extension again!!!
I had no idea so many people were getting Accountants and panicking about the deadline... Ive been panicking until now and now relax!!!!
Im employed (office work) and self-employed (Massage work) and last tax year, I only worked one day free-lance and I knew I had to declare it but wouldnt be taxed on it coz didnt earn enough but because HMRC kept sending me the wrong forms I got an extension til end of Feb for a paper copy.
Since setting up my own business... Ive been really anal about my keeping my receipts and even went to the tax office a few days ago to get the forms for 12-13 ready for April coz dont want to have to ask for an extension again!!!
Jellybaby1970
Well-Known Member
Although I got ours in early for 2011/12 it was a nightmare trawling through it so I have decided I'm going to start 2012/13 this weekend and try and keep on top of it. I have to do it for 2 separate businesses which gets very confusing! 
zonebeuauty
Well-Known Member
On the bright side geeks I got a phone call from my accountant today ....and due a refund and a big one ££££...
Looks like I paid to much in July 2012.
Looks like I paid to much in July 2012.
Tess Warwick
Well-Known Member
My Blessed Accountant told me that he would never dream of cutting his own hair and he wouldn't ever expect me to fill in a tax return form.
He also told me that he would save me more than he would cost me ... and so it has proved.
For £175 p.a. I get to dump a box of paperwork on his desk and he sorts me out. He is a god-given gift and I really don't know how I'd cope without him.
If anyone wants his name and number, please feel free to ask for it.
BTW, a great paper accounts system is the Simplex D, available from all good WHSmith shops. Easy Peasy book keeping
He also told me that he would save me more than he would cost me ... and so it has proved.
For £175 p.a. I get to dump a box of paperwork on his desk and he sorts me out. He is a god-given gift and I really don't know how I'd cope without him.
If anyone wants his name and number, please feel free to ask for it.
BTW, a great paper accounts system is the Simplex D, available from all good WHSmith shops. Easy Peasy book keeping
Miss Sparkle
Well-Known Member
I do my own books, as long as you keep on top of things it's not too complicated. I'm lucky as my OH is an accountant, always gives my stuff a once-over but as long as you keep a record of everything it's not too bad.
I'm another one of those 'pay tax early' people. As soon as the form comes through in April/May ish I make a start. I don't like money hanging around that isn't mine!
I'm another one of those 'pay tax early' people. As soon as the form comes through in April/May ish I make a start. I don't like money hanging around that isn't mine!
Nat-Nat
Well-Known Member
I did mine this weekend and what a scare I had because I put in my salary from my part time job but forgot to declare how much tax I had paid in it and they were asking for 6k, I nearly threw up! Obviously I went back over it and realised my mistake!!! I'm speaking to an accountant today about whether its worth me getting one for the next tax year as I know I will have considerably more tax to pay!
Also although I plan to file ASAP this year I'm keeping the money in an account and not paying till next Jan, why let the tax man have the interest when I can have it myself!!!
Also although I plan to file ASAP this year I'm keeping the money in an account and not paying till next Jan, why let the tax man have the interest when I can have it myself!!!
Bluerinse
Well-Known Member
My accountant is having the most of my stuff in 3 weeks ready to sort through and start to file the next one I'm done and dusted then! No stress!
I'm done and dusted then! No stress!
