Tax and Cash Flow Help

uk

[ukgimp]

OK OK I know I have left it until last minute but I am looking for some decent help on doing my cash flow and tax calculations. I have until the 30th of Sept to get a paper version in.

I am on the hunt for an excel spreadsheet or similar. Most searches bring up sites who wish to relieve me of large sums of money to do it for me. Well sod that I want to do it myself :) . We are not talking a multi national cash flow.

Any advice appreciated.

Cheers

[Mark_A]

Ouch thanks for reminding me :-(

[ukgimp]

you no help :)

[dmorison]

Are you sole trading in the UK? If so, can't you do it online?

[inlandrevenue.gov.uk...]

[Mark_A]

just think of it as a problem shared is a problem halved :-)

I have the same issue .. :-(

I would just do it on a spreadsheet anyhow ...
I tried to hire an accountant recently but its not been a success so far! what I wanted was clear and consise advice ... what precisely do I have to do and when ..

I have asked him for that on about 3 occasions and he has failed to deliver it so far ..... I hope he does not expect him to pay his bill ... :-) like for what!

[ukgimp]

Mark

ring

0845 9000 444

inland revenue helpline, they will tell you your local office where you can register. Do that now and you will get the pack with a guide.

You have until Sept 30 to get a paper form in if you wish to get them to work it out for and for them to gaurantee that it will be ready for January 2004 (payment) If you dont do it in time and it does not come back you will have to estimate your tax. You can do it online as DM says and that is almost instant in the calculation an so I have been informed will allow entries to be several months after the sept dealine.

[edit_g]

You mean we have to pay tax on the money that we get for SEOing and Web Design? You're having a laugh. ;)

[richardb]

ukgimp

PLEASE (unless your a chartered accountant) don't do it yourself!

It's a game and unless you know how to play the game, you lose!

Get a good chartered accountant and enjoy life, you will not regret it, hell they will even save you money ;)

Rich

[Mark_A]

I agree with that .. thats why I am trying to get one however many in my local area are used to dealing with cash in hand businesses and to me they just seem too dodgy for words ...

I dont particularly want to be investigated down the road i my accountant becomes of bad repute with the tax authorities .. it does I think happen ..

[ukgimp]

Thanks RB, good advice to me and others. Same with legal issues.

I am fortunate to have a brother who is an accountant so I intend to do the donkey and get him to do the checking.

That said it is supposed to be easy:

"self assessment does not need to be taxing" said Adam Hart Davies. Horse....

[richardb]

Mark_A

That's one reason to get a chartered accountant - they've spent time getting a rep and they do not want to lose it. You don't have to go local just get a good one. You can do everything by post and/or the phone.

ukgimp

Have a chat with your brother, see if you can do cash accounting (the easiest methis IMO)? Can supply you with a template, if you need it, just stick me.

[ukgimp]

>>cash accounting

apparently thats what I have to do, or at least the best option.