[julianbiggs]

HMRC website is like a minefield.

We employed a guy last year ( 2012-2013 tax year ) he isnt with us any more.

We paid employers NI contributions for him and these were roughly £20 a week.

Can we use this against our tax bill for 2012-2013 ?

[Ian Lancaster]

HMRC website is like a minefield.

We employed a guy last year ( 2012-2013 tax year ) he isnt with us any more.

We paid employers NI contributions for him and these were roughly £20 a week.

Can we use this against our tax bill for 2012-2013 ?

I know the answer to that one!!


Use an accountant - a good one is worth his weight in gold

[Ian101]

HMRC website is like a minefield.

We employed a guy last year ( 2012-2013 tax year ) he isnt with us any more.

We paid employers NI contributions for him and these were roughly £20 a week.

Can we use this against our tax bill for 2012-2013 ?

you paid it out 2012 - 2013 so yes you can when you come to submit it 2012 - 2013 return ... its a cost of doing business so 100% deductable.

[julianbiggs]

Accountant ?

Its only maths !

[telfordwindowclnr]

Pay the accountant his money. It's not just maths. It is knowing the Law too. It is worth every penny. He might know of something you don't that may save you his fee and more.

[Mike #1]

Get an accountant then you can concentrate on running your business instead of getting stressed out .

When I have been on HMRC website and you end up going round in circles without any answers in the end. Mike

[AuRavelling79]

HMRC website is like a minefield.

We employed a guy last year ( 2012-2013 tax year ) he isnt with us any more.

We paid employers NI contributions for him and these were roughly £20 a week.

Can we use this against our tax bill for 2012-2013 ?

Yes.

[Dave Mills]

Accountant ?

Its only maths !

In which case, why are you asking daft questions like that on here?

[Ian Rochester]

A good accountant for a non limited company will cost you less than £200, I would expect him/her to save you at least that if not a lot more.

To answer your question, you can claim for any NI contributions or other costs up to the end of the tax year (5th April 2012) anything after that cannot be claimed until next Jan.

[Steve Sed]

A good accountant for a non limited company will cost you less than £200, I would expect him/her to save you at least that if not a lot more.

To answer your question, you can claim for any NI contributions or other costs up to the end of the tax year (5th April 2012) anything after that cannot be claimed until next Jan.

I don't think you are right about the fee. Most will pay more than that for a self employment self assessment. More like £300-£400 or more depending on the work involved. So that means that the accountant has to find £2,000 of expenses incurred that you hadn't identified to justify the outlay (leaving aside the hour it takes me to produce my SA). That's a lot of money that I will have not been aware I could offset. That said, if I employed, I would get one for payroll.

[formb]

that means that the accountant has to find £2,000 of expenses incurred that you hadn't identified to justify the outlay

It's not as straightforward as that. Hence the need for an accountant.

[Steve Sed]

that means that the accountant has to find £2,000 of expenses incurred that you hadn't identified to justify the outlay

It's not as straightforward as that. Hence the need for an accountant.

Actually, it pretty much is as straightforward as that if one is happy to fill in a self assessment. I appreciate that for some they are a bit scarey. That's fine. For me fitting a van system myself is a bit scarey hence the reaon I would rather pay more for a pump box, but each to their own.

[julianbiggs]

its not a daft question..it's a very logical sensible question for someone to ask who is employing.

Everyone is diiferent.

we are very organised with our paperwork.

 Personally we collate all our income and expenditure with receipts and work sheets on a weekly /  monthly basis and keep a written record of eveything and put all receipts in individual punch pockets representing that month.
 
Keeping on top of things makes the actual return simple to do.

[A & J Owen Window Cleaning]

get an accountant mate