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What happens if somebody self employed dies? Doing their tax return…
captainj_2
Posts: 4 Newbie
what happens when somebody dies who's self employed? does this not cause problems for whomever is left behind and has to fill in their tax return... personal experiences, anybody? Is it not difficult with awareness of what bills are still to come in for the deceased etcetera?
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Comments
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It's difficult and will probably involve a lot of estimates.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
Psss all the information on to a local accountant to sort out all the figures.
The accountant will be paid from the estate. A couple of hunred pounds will save a lot of stress for the family.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
The accountant's fee can also be offset against any tax owing, which gives a bit of reprieve.I was a DFW, now I'm a MFW :T0
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