DSF

Ahh now I see,

It makes no difference to me as I put it away (estimated) each month in a separate bank account, so I don't even have it in the first place, if you see what I mean.

viccar;82747 wrote:Ahh now I see,

It makes no difference to me as I put it away (estimated) each month in a separate bank account, so I don't even have it in the first place, if you see what I mean.

you're not making any friends here you know ;o)

viccar;82747 wrote:Ahh now I see,

It makes no difference to me as I put it away (estimated) each month in a separate bank account, so I don't even have it in the first place, if you see what I mean.

T
So do I but the paperwork is still flipping stressful.

I set up a Business saver account to put away tax money each week. It's had 5p in it for years.

That much, you should see if you can get some of it back, thats far tooooo much!!!!

Hmm on tax returns, if the business was started in June 2013, I don't have to do mine until next year, do I? (You can tell I'm a noobie!)

you have told HMRC that you have started a business?

Next tax return is due anytime from April 6th 2014 covering the period April 6th 2013 to April 5th 2014. if submitting on line you have until January 31st 2015 to submit a return and pay any tax due. You will need to register with the HMRC to file a return on line as they need to issue you with an ID and password - do this NOW!

If you don't have any complicated pensions, properties, stocks and shares, you should be able to fill in the return yourself and if you find it daunting or just don't understand, just make sure you have all of the paperwork and figures ready that you will need to fill in a return (tells you at the start of the tax return) and ring up HMRC and they will talk you through filling in the return if necessary. If you need to have you r hand held, +DO NOT leave your return until January 2015!!

Learn from me and my fellow procrastinators - don't leave it until the last minute!


Arthur

Yep yep, they know thanks for the advice!

Do I need to tell them exactly how much stock I have ordered, sold and have currently in stock?

LanaE;84328 wrote:Yep yep, they know thanks for the advice!

Do I need to tell them exactly how much stock I have ordered, sold and have currently in stock?

No you can opt to just fill in your income and expenditure.

I do just the income and expenditure.. and do it all myself *but also a procrastinator*

BUT this year, that WILL be different !!!!!!!!

Paperwork printed monthly, receipts in a receipt box monthly.. and low and behold this year will be completed in 2014 *and if it isn't I will shoot myself on that one*

Totally agree with Arthur though.. get everything you need to with regards HMRC done NOW and if you are doing it online be prepared that if you do leave it too late the site can have severe issues with everyone else trying to get theirs in all in the last week lol..