Nice people thread part 7 - a thread in its prime

vivatifosi

sss555s wrote: »

Do you submit your ltd annual return yourself?

Always thought it was best to use an accountant, but would save a good bit by doing them myself.
They say an accountant will save you his fees and more, but i'm not so sure if that is the case in reality.

I do it myself, but all of the inputs are prepped by accountant, except for my employment, where I just need to refer to P60. Sorry, just realised you were asking about the limited.

No he does it and tells me how much to pay.

vivatifosi

Wheezy wrote: »

You mean I have to invest in Peugeots???

Good heavens CK, that sounds almost as bad as selling your house and buying silver.

GDB2222

PasturesNew wrote: »

I've also spotted a mistake.... for 07-08, 08-09, 09-10, 10-11 ... I've filled in my ISA tax free interest amount in the box for "untaxed income" - because in my mind an ISA is untaxed.... so I've been taxed on those amounts when I should have left the box blank. I only realised tonight that that box is for something else, that's not part of my life.

So ... I need to look into that I guess

PN, you should get most of the overpaid tax back, except for 07-08, which is too old. You need to get your skates on to avoid losing 08-09!

There are details here:

http://www.hmrc.gov.uk/incometax/correct-mistakes.htm

PasturesNew

Just double checking... spotted a huge error of dates. Some money arriving is for 2012-2013, not 2011-2012. Income's looking a lot less now... £7k ish income in 2011-2012. Oh dear... no wonder I felt/was poor!!

PasturesNew

GDB2222 wrote: »

PN, you should get most of the overpaid tax back, except for 07-08, which is too old. You need to get your skates on to avoid losing 08-09!

There are details here:

http://www.hmrc.gov.uk/incometax/correct-mistakes.htm

Cheers. They make it far too complex for my simple needs.... and I do check, double-check, then sleep on it.... and gather and mark up and cross reference every figure, every piece of paper, everything... and only when it's cross-checked, double noted, highlighted .... complete and in a neat pile, do I get to the SUBMIT stage.

PasturesNew

Right... all bl00dy done

Wheezy_2

PasturesNew wrote: »

Right... all bl00dy done

About bl00dy time!
You included the tax deductible frozen kebabs?

Wheezy_2

For the dog lovers... 'The Secret Life of Dogs' on ITV1 right now.

Almost finished, but you can catch it on +1 of course.
Should be good because westie is watching attentively.

BertieUK

PasturesNew wrote: »

Cheers. They make it far too complex for my simple needs.... and I do check, double-check, then sleep on it.... and gather and mark up and cross reference every figure, every piece of paper, everything... and only when it's cross-checked, double noted, highlighted .... complete and in a neat pile, do I get to the SUBMIT stage.

Congratulations award yourself a large one :beer:
and then next year call on Mr Smug to help you because he would at least take away the stress that you have given yourself and have it all done in jig time.

Wheezy_2

BertieUK wrote: »

....and then next year call on Mr Smug to help you because....

Mr. Smug! :rotfl: