stormydays
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You do not NEED an accountant
Just keep a accruate record of all your income and expences ready for the self assessment form at the end of the year
Alternatively...if the business is growing at a rapid rate...employ a book keeper from your local newspaper....alot cheaper |
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starlet108
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No you can do it all yourself. I did all my husbands accounts xxxxxxx |
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spook542
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No you don't but you will than have to do your own tax returns.
The amount you pay an accountant will be more than recouped by the amount of tax they will save you. |
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chelle0980
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You don't have to but it is a good thing to have. My husband did his own books but then realised he had made a mistake and ended up with a large tax bill! |
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rasul0708
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u have to register for vat thru accountant . keep all recipts give recipts to accountant after 3 months or yearly if u prefer. u also have to make a sale sheet showing how much u make each day (but u can write down less sale for each day that way u pay less vat bear in mind u have to throw some of ur recipts away) this way is illegal in uk but 80% of people do it this way u save thousands of pounds a year. accountants save u money the tax man trusts them |
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leambi
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no you can do your own, self assessment but make sure you keep everything that the tax office send you as if you go for a loan or mortgagee they may ask to see these forms as proof your paying tax. Think the forms are called SA302. |
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Bardic
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No, not at all. As long as you understand bookkeeping you can do everything quite easily yourself. You can also get software to help you with it, if you wish. |
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webs77
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dont know about england, but in ireland you dont. you are better with one, |
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Ties that bind
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u don't have to but it helps |
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Philip H ©
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You just have to fill in your own tax return its not that difficult, but alot of people find that an accountant can save you enough money off your tax bill to cover the accountants cost. |
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oisian88
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it does help, but you can just hire one for tax time. Keep good records and books, and cut down on the hourly rate they have to spend to file for you. Or buy software that does it for you and do it yourself. Do they have tax preparers yet in the UK? Haven't been in a while. |
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Sam R
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its better for you to be your own accountant because you wont need to spend on an accountant. they are costly to hire |
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grayure
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No. I'm self-employed and i do all my own accounts. In any case, you'd have to save all your receipts and so forth and hand them over, which would be a lot of work in itself, so i don't think it's worth it. You might as well just do it yourself. |
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cooool dude
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well if u have just started the business then u dont need one now. later when u r business gets hot u would need because other wise u wont have the time for nothing.
so u decide what u would like beside if u have an accountant now u will also have to pay him so if u can avoid it u can save some money. |
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PollyDolly
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yes |
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