FREE PERSONAL/SMALL BIZ TAX HELP. Self assessment deadline looming

d.ylan

Hi Tony and firstly thanks for your input, i'm sure its much appreciated by everyone.

Basically, I'm in full time employment, and I also do freelance projects. I'm currently undertaking some technical services work for a registered charity that I would usually bill for £350. Of course I dont want to be chargingthem, as I'm all for the work they do, basically is it possible to write this off in someway as I'm effectively giving away £350 of services?

thanks again

ITContractor_2

My wife is a self employed hairdresser, and she has kept a good record of a her petrol receipts, until recently when they were accidently thrown in the recycling bin...

Can we work out her mileage and claim that against the revenues mileage rates, are are we stuck...?

ITContractor_2

Re: Iffy Contract?

Thats a standard IR 35 clause. So if you are working on their site, using their equipment and are deemed to being employed to will be taxed as if you were employed.

If thats the case then i would use an umbrella company for the duration of the contract...

leucite

Hi
I have just been asked to justify some elements of my tax return for 2003-4. The IR seems to think that I have not declared all of my banking and savings accounts. The only thing I can think of is that when my mother went overseas she altered her bank account to a joint account so that I could manage her UK accounts and expenses. I have never used the account for myself but it does attract a lot of interest, which is taxed at source. Would this be what the IR is referring to, should I have declared it even though the money is not mine, and what do I do now? Does the IR have access to, or information about my bank accounts. Should I declare this to them, or is it possible to discuss something like this with them without getting myself into further trouble?

I have never intended to not declare anything I should have done, this one just slipped my mind and I'm not sure if it is declarable anyway.

Any advice gratefully received!

thanks

Helen.

MikeE_3

My wife is a ChildMinder - can I put the car in her name and offset depreciation/mileage against any tax? Thanks

Gyanie

Please can you advise me what if any tax advantages there are for a limited company compared to a partnership. Also is it true that the first £10,000 of profit is tax free for a limited company. Would it be benefical for a husband and wife of a small business to be both a partnership and a limited
company?
Where can I get further information about legal tax loopholes which exist for small business's
Many thanks
Gyanie

steve_m_9

I travel around the country working in different offices, I used to be entitled to a lunch allowance of upto £8 per day. Then my company got took over and the new company do not pay this. The S/A form lets you claim tax relief for travel and subsistance. Can I claim tax back for lunches as opposed to evening meal. I would be away from home over 10 hours and substantial distance. If so how much? Thanks

bluejosiah

When do casual earnings make you self employed?

MarineBoy

1. Is it the rule that all records - e.g. annual bank statements with interest - must be kept for 6 years in case the IR wants to inspect them?

2. By the same token, does that mean that the IR cannot seriously question a return after that time (because any records may well have been destroyed) and isn't that an incentive for some 'unscrupulous' people to delay their returns for that number of years if they wanted to hide something?

Thanks in advance!

clearvisor

MSE_Martin wrote:

30 September is the last day to send in your self-assessment paper form and be 'guaranteed' the Inland Revenue will calculate your tax for you, ready for payment on 31 January. Tax Accountant Tony Tesciuba, (who also happens to be my Uncle) has offered to answer your basic tax queries in the Chat Forum over the next few days.

Why's he doing this?
First because I asked him to, and he's a site user, and second because I promised if he does I'd put a link to his site www.tesciuba.com in here!

Where else to get help?
If you're looking just for form filling help for the self-assessment form, then just call the Inland Revenue Hotline on 0845 9000444.

IMPORTANT! What to ask about?
Any basic tax questions about small biz or personal tax. Obviously if it's hugely complex then it can't be done. Also don't put any bank account/overly personal details in your question as it can be read by all.

As general guidance questions should be no more than a paragraph long.

How long will Tony be doing this for?
All questions should be asked by the end of play on Sunday night. At that point this thread will be closed.

When will I get the answer?
What we'll then do is compile all the questions together into one Q&A article, published (as long as there aren't too many questions!) as soon as possible, probably a week or so from the closing date.

TO ASK A QUESTION SIMPLY CLICK REPLY.
PLEASE ONLY PUT QUESTIONS NOT COMMENTS IN THIS THREAD

I'm now 63, retired for year end may 2004, have paid tax with code K18, while working and recieving pension, Would I be allowed to get a rebate? pleae, thanks for help Rowena