[PurefectWindowCleaning]

Can I just ask if you got a decent accountant why you asked the question in the first place?

For crying out loud.... I was on this forum, so thought id ask the question to you lot...

[PurefectWindowCleaning]

Wish I didnt now.

[GDwindowcleaning]

Wasnt being funny, was just curious. I would always ask a professional...

[d s windowcleaning]

THE BEST THING I EVER HEARD was FROM debra on dragons den WHEN UK CLEANING was on .
(YOU RUN YOUR BUISSNESS NOT YOUR ACCOUNTANT) how true .

[GDwindowcleaning]

I am pretty sure debra meaden does not do her own accounts, proffesional advice is invaluable because no one knows everything about everything.....

[Helen]

I am pretty sure debra meaden does not do her own accounts, proffesional advice is invaluable because no one knows everything about everything.....

Think you may have missed the point

[Window Washers]

All expenses that you put through your books, i.e fuel, phone bill etc, that you have a receipt for, well, is it the same for wages that I pay out? Should I be photocopying his payslip and putting it in as a 'receipt'?

Also, for every receipt, for example a £20 fuel bill, what then happens? Is it deducted fully from tax bill or summin?

Cheeeeers

for payslips print from a computer this way less work for you and you have them all on file (or get you accountant to do this for you, i do as less hassle)
Keep every single reciept that is business related in anyway
On fuel depending on how you/your accountant does it will deduct either all or part of the reciept for fuel and the same for other things there is more than one way to do this.
your reciepts are deducted from your turnover which in turn lowers your profits which then lowers your tax that you have to pay.

The reason I put about the accountant as for years I have watched people think they are accountants and give mis information to people, I would not go and ask a fireman how to clean a window just because he uses a hose (probs a bad example as loads of firemen are window cleaners anyway ) but you get the point i hope.
This is the same for the others that posted to see accountant that is the best advice on the whole post for people looking for the right information.

I can understand why you posted your question so have answered it aswell (sorry if it got dragged out), but now you know why you got the asnwers you did, I hope it helps anyway dude.



Ian

[GDwindowcleaning]

I got the point Helen, my point is he should be taking the advice from his accountant rather than the people on here. As I am sure Debra does.... 

 think you may have missed my point....

[AS Window Cleaning]

so many points whizzing around everywhere!

good 'point' above tho.... we can all think we're experts, but the tax man won't take kindly to your messed up accounts when ya say the lads down the pub or on my forum said it was ok to claim for my new hot tub to help me relax after work or whatever it is! 

[PurefectWindowCleaning]

All expenses that you put through your books, i.e fuel, phone bill etc, that you have a receipt for, well, is it the same for wages that I pay out? Should I be photocopying his payslip and putting it in as a 'receipt'?

Also, for every receipt, for example a £20 fuel bill, what then happens? Is it deducted fully from tax bill or summin?

Cheeeeers

for payslips print from a computer this way less work for you and you have them all on file (or get you accountant to do this for you, i do as less hassle)
Keep every single reciept that is business related in anyway
On fuel depending on how you/your accountant does it will deduct either all or part of the reciept for fuel and the same for other things there is more than one way to do this.
your reciepts are deducted from your turnover which in turn lowers your profits which then lowers your tax that you have to pay.

The reason I put about the accountant as for years I have watched people think they are accountants and give mis information to people, I would not go and ask a fireman how to clean a window just because he uses a hose (probs a bad example as loads of firemen are window cleaners anyway ) but you get the point i hope.
This is the same for the others that posted to see accountant that is the best advice on the whole post for people looking for the right information.

I can understand why you posted your question so have answered it aswell (sorry if it got dragged out), but now you know why you got the asnwers you did, I hope it helps anyway dude.



Ian

Thanks Ian.

Yeah my accountant sends me the payslips but charges me £21.60 per payslip, is this normal?

[Seers]

Hi James,

You shouldn't be paying that much!

Our accountants do PAYE and payslips as part of yearly accounts charge.

If u had five staff that would be over £100 a week for payslips. Are you sure you're getting charged that much?

Cheers,

Huw

[Helen]

I got the point Helen, my point is he should be taking the advice from his accountant rather than the people on here. As I am sure Debra does.... 

 think you may have missed my point....

Oops sorry, pick up the wrong "quote" should have been the one above yours about accountant not running your business.........

[Helen]

All expenses that you put through your books, i.e fuel, phone bill etc, that you have a receipt for, well, is it the same for wages that I pay out? Should I be photocopying his payslip and putting it in as a 'receipt'?

Also, for every receipt, for example a £20 fuel bill, what then happens? Is it deducted fully from tax bill or summin?

Cheeeeers

for payslips print from a computer this way less work for you and you have them all on file (or get you accountant to do this for you, i do as less hassle)
Keep every single reciept that is business related in anyway
On fuel depending on how you/your accountant does it will deduct either all or part of the reciept for fuel and the same for other things there is more than one way to do this.
your reciepts are deducted from your turnover which in turn lowers your profits which then lowers your tax that you have to pay.

The reason I put about the accountant as for years I have watched people think they are accountants and give mis information to people, I would not go and ask a fireman how to clean a window just because he uses a hose (probs a bad example as loads of firemen are window cleaners anyway ) but you get the point i hope.
This is the same for the others that posted to see accountant that is the best advice on the whole post for people looking for the right information.

I can understand why you posted your question so have answered it aswell (sorry if it got dragged out), but now you know why you got the asnwers you did, I hope it helps anyway dude.



Ian

Thanks Ian.

Yeah my accountant sends me the payslips but charges me £21.60 per payslip, is this normal?

I'll do them for £10 each plus vat for you
James....  takes me less than 3 minutes from keying into hmrc website and printing them off, that's all you A/c would be doing

Not a bad hourly rate for your accountant then.......surprised she doesn't stick to just paye and not full accounts

[PurefectWindowCleaning]

Hi James,

You shouldn't be paying that much!

Our accountants do PAYE and payslips as part of yearly accounts charge.

If u had five staff that would be over £100 a week for payslips. Are you sure you're getting charged that much?

Cheers,

Huw

I pay wages on a monthly basis...

£474 I also pay each year for accountant fees...

So £733.20 is my yearly cost.