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#356906 - 13th Oct 2009 11:05am tax self assesment
vw_kyle Offline
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Registered: 27th Dec 2006
Posts: 1962
Loc: wirral
im looking for some one who can help me please what it is is i left my full time job on the 9th april 2009 and was off for 6 weeks while searching for a new job i found a job in june and was self employed for 2 and a 1/2 months and then got finished up because of lack off work im currently only working one day a week and on job seekers allowence ive been told that i will recieve a self assesment form in april 2010,i was tld i could earn up 2 6500 roughly before paying tax now as any one any idea what i have to pay tax on because apperently i have to pay tax on everything i earn this year even tho im already paying tax on the job ive got at the moment can anyone help im confused confused confused

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#356915 - 13th Oct 2009 11:19am Re: tax self assesment [Re: vw_kyle]
RUDEBOX Offline

Wiki Master

Registered: 29th Aug 2008
Posts: 18996
Loc: Bob Land
...tax self assessment dousent have to be taxing...
Bit of a joke that!
Hope u get sorted!
_________________________
Mia Mabel


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#356917 - 13th Oct 2009 11:32am Re: tax self assesment [Re: vw_kyle]
bert1 Offline

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Registered: 27th Nov 2008
Posts: 7829
Loc: tranmere
Its, you may have to pay tax not you will have to pay tax, depending on your overall earnings etc, etc. I have been self employed for 25 years and have had the same accountant all that time, i wouldn't even try or wish to do my own accounts. I'm convinced his knowledge saves me at least what his fees are.
_________________________
God help us,
Come yourself,
Don't send Jesus,
This is no place for children.


Bertieone.

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#356943 - 13th Oct 2009 12:11pm Re: tax self assesment [Re: bert1]
BandyCoot Offline

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Registered: 7th Dec 2008
Posts: 5337
Loc: Birkenhead
Depends how clued up you are. Used to do my own when renting out house while abroad. If you just follow the instructions as per the sheet it isn't too bad. It's when you try to claim allowances that they get arkward and accept what an accountant says but give you a hard time if there is any quibble. It's just a case of having all your paperwork handy because the boxes to fill in are quite straight forward. Get the forms and fill them in in pencil first to make sure you are happy with it, go over in ink and rub the pencil out. The accountants fees are tax deductible by the the way.
_________________________
Birkenhead........ God's own Room 101.

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#357019 - 13th Oct 2009 1:56pm Re: tax self assesment [Re: BandyCoot]
vw_kyle Offline
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Registered: 27th Dec 2006
Posts: 1962
Loc: wirral
i was only there for 2and a half months ive got all my dates down and and only got paid 3 times so there wll be no need for accountant so hopefully be pritty straight forward and thanks for the help

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#357030 - 13th Oct 2009 2:08pm Re: tax self assesment [Re: vw_kyle]
BandyCoot Offline

Forum Veteran

Registered: 7th Dec 2008
Posts: 5337
Loc: Birkenhead
Good man, just keep your wits about you and it'll be ok.
_________________________
Birkenhead........ God's own Room 101.

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#357097 - 13th Oct 2009 5:48pm Re: tax self assesment [Re: BandyCoot]
MattLFC Offline
Wiki Master

Registered: 14th Aug 2004
Posts: 22315
Loc: Moreton/Beirut/Mobile
If you get stuck fella, get an accountant. They will try to rape you if you make a mistake. Id recommend my accountant, very good rates, but he's based in Manchester nowadays so probably a bit far to travel for a one-off lol.

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