[ccmids]

my accountant charges me £800 + a year , is that good

that's good.



















for his cottage in the south of france

£800! So he'd have to find you £3200 extra expenses to knock £800 off your tax bill! 

dont understand ,that is what i am being charged.

[ccmids]

its £874 thats exact amount i pay , that is for a chartered accountant.

[Frankybadboy]

i paid  £100 last year.

and he more than than saved me that x3,also he got me a small rebate of £300.so i was happy.

[ccmids]

they say there is a difrance between a chartered accountant/ accountant, do not know what it is though 

[Niall McAllister]

ask him what you are paying for, just remember he'll charge you for the answer

[ccmids]

just got this of a accountants forum..


I am also an accountant but not chartered yet.I am longing to be one.Accountants are believed to a have theorical knowledge about accounting and not professional but chartered accountants are professionals.

i just googled  difference between Chartered accountant

[david watts]

if you get an accountant keep all paper work; one i had tried to didle me out of
 2/half grand a big firm ass well

[Rcs]

no he is spot on
got a rebate of 1300 quid and 900 back on corporation tax

[daz1977]

remember even if you have an accountant and he balls up/ fiddles your tax return  you are still liabily for it

[chopsie]

I went to see a business start up bloke at notts and derbyshire chamber of commerce,A free advisor,He told me not to waste my money on an accountant,he says I should easily be able to fill in a tax return Just keep all records to make it easy(which i am doing and probably anyone starting in business would know any way!).He told me to just charge my van to my business at 40p per mile and that would cover everything,diesel,servicing,wear and tear etc,and should be more than I spend,Sounds good to me,saves keeping all reciepts,Just charge 40p per mile,Do you think this is right?

[cleewindows]

I went to see a business start up bloke at notts and derbyshire chamber of commerce,A free advisor,He told me not to waste my money on an accountant,he says I should easily be able to fill in a tax return Just keep all records to make it easy(which i am doing and probably anyone starting in business would know any way!).He told me to just charge my van to my business at 40p per mile and that would cover everything,diesel,servicing,wear and tear etc,and should be more than I spend,Sounds good to me,saves keeping all reciepts,Just charge 40p per mile,Do you think this is right?

yes 40p but still deduct insurance servicing etc!

[chopsie]

I went to see a business start up bloke at notts and derbyshire chamber of commerce,A free advisor,He told me not to waste my money on an accountant,he says I should easily be able to fill in a tax return Just keep all records to make it easy(which i am doing and probably anyone starting in business would know any way!).He told me to just charge my van to my business at 40p per mile and that would cover everything,diesel,servicing,wear and tear etc,and should be more than I spend,Sounds good to me,saves keeping all reciepts,Just charge 40p per mile,Do you think this is right?

yes 40p but still deduct insurance servicing everything


what even diesel? What is the 40p per mile for if I still claim for everything else?

[cleewindows]

business milleage!

[Niall McAllister]

the 40p is to cover ALL van expenses.
it's milage or expenses

[chopsie]

business milleage!






I don't get it,they won't pay for just using a vehicle,they pay for the costs of it i.e diesel,tax,insurance etc,OR 40p per mile to cover everything,surley they won't pay for tax,diesel,servicing etc and then give you 40p per mile on top for nothing   It does'nt make sense.(When I say pay,I mean tax deductable)

[Steve_Richardson]

It's one or the other - 40p per mile OR work out all your bills, petrol/insurance etc etc.

For me the 40p per mile is easier as I use my car for work and personal. For those with work vans I guess keeping all receipts for petrol.servicing etc would be wiser.

[chopsie]

well I will keep reciepts and then do the sums when the time comes to see which route I go down.But i think it will be the 40p per mile one.Only started in November,so don't need to worry too much until end of year.

[williamx]

well I will keep reciepts and then do the sums when the time comes to see which route I go down.But i think it will be the 40p per mile one.Only started in November,so don't need to worry too much until end of year.

You only have untill the end of the tax year (April) to decide weather you are going down the mileage or expenses route.  Once you make your mind up you cannot change your mind for as long as you are using that vechicle.

I cannot believe that you were told not to use professional advise

[chopsie]

He said it was a waste of money.He said I could get help off them for free and I  should easily be able to do it myself.Why do i need to decide before the end of April.I thought the this years tax returns(2009-2010) were not due until at least October 

[daz1977]

http://www.hmrc.gov.uk/incometax/relief-self-emp.htm

this is the gov web site for self employed people