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Author Topic: Tax - accountants, deductible expenses, general information  (Read 47451 times)

Gypsy

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Re: Tax - accountants, deductible expenses, general information
« Reply #285 on: 13 June 2019, 07:54:27 pm »
I paid £324 to mine based in Ashton under Lyne.

I think that's still a lot but I have quite a bit invested etc and another business including this one  :)
These days there are no Prince Charmings. A girl just has to be her own hero

Kay

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Re: Tax - accountants, deductible expenses, general information
« Reply #286 on: 13 June 2019, 08:02:45 pm »
How do you look for an accountant? Should it be a 'chartered accountant'?
Do you just google someone 'near me'? Or look for someone outside of London (with cheaper rates, hopefully)?
What is the going rate for submitting a tax return?
Sorry for daft questions but I think I made a massive mistake by being tied up to someone who actually only caused me a loss.  :FF

I use one based in Marylebone, found via the Tax Relief for Escorts website. They're not cheap, but very professional and reliable. I pay 68pcm but that's for two sets of returns.
"There is no sin except stupidity" - Oscar Wilde

seraphine

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Re: Tax - accountants, deductible expenses, general information
« Reply #287 on: 14 June 2019, 12:39:28 am »
Thank you, Gypsy and Kay!

I read all 20 pages of this fun stuff. Informative!
I definitely will be looking for someone else. Chartered. 'Better Call Saul' of accounting. :D

Gypsy

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Re: Tax - accountants, deductible expenses, general information
« Reply #288 on: 14 June 2019, 08:10:16 am »
Thank you, Gypsy and Kay!

I read all 20 pages of this fun stuff. Informative!
I definitely will be looking for someone else. Chartered. 'Better Call Saul' of accounting. :D

I have no idea what the difference is between chartered and not but I picked my accountant as he markets himself as friendly and approachable  :) I've never met the men but he's very nice to talk to over the phone.
These days there are no Prince Charmings. A girl just has to be her own hero

seraphine

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Re: Tax - accountants, deductible expenses, general information
« Reply #289 on: 14 June 2019, 01:24:23 pm »
I have no idea what the difference is between chartered and not but I picked my accountant as he markets himself as friendly and approachable  :) I've never met the men but he's very nice to talk to over the phone.
Sounds nice.
Do you sign any contract before authorising the accountant for HMRC? Do they have to tell you what they charge before the authorisation?

Gypsy

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Re: Tax - accountants, deductible expenses, general information
« Reply #290 on: 14 June 2019, 02:08:55 pm »
Sounds nice.
Do you sign any contract before authorising the accountant for HMRC? Do they have to tell you what they charge before the authorisation?

I think from memory they will tell you a rough idea of the charges but I don't remember signing any contracts. Mine knows exactly what I do and classifies me as an entertainer.
These days there are no Prince Charmings. A girl just has to be her own hero

seraphine

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Re: Tax - accountants, deductible expenses, general information
« Reply #291 on: 14 June 2019, 02:13:12 pm »
Thank you, Gypsy! x

aefentid

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Re: Tax - accountants, deductible expenses, general information
« Reply #292 on: 26 June 2019, 09:14:16 pm »
Hello – I hope I'm okay to post a new tax-related question here?

Has anyone ever had a problem claiming expenses under their pseudonym, rather than their real sole trader name? I'm registered with HMRC under my real name obvs (i do some civvy freelancing too) but have a separate phone, uber account etc for SW, which I've registered under my pseudonym for privacy reasons.

Though the payments for the phone, ubers etc go through my regular debit card (in my real name), the receipts come through addressed to my pseudonym. Has anyone ever had an issue with this?

I do intend to get an accountant ASAP when I've made a bit more money, but for now wondered whether anyone might have any experience of this themselves.

Thanks in advance! x

Ruby Redhead

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Re: Tax - accountants, deductible expenses, general information
« Reply #293 on: 27 June 2019, 11:13:16 am »
Hello – I hope I'm okay to post a new tax-related question here?

Has anyone ever had a problem claiming expenses under their pseudonym, rather than their real sole trader name? I'm registered with HMRC under my real name obvs (i do some civvy freelancing too) but have a separate phone, uber account etc for SW, which I've registered under my pseudonym for privacy reasons.

Though the payments for the phone, ubers etc go through my regular debit card (in my real name), the receipts come through addressed to my pseudonym. Has anyone ever had an issue with this?

I do intend to get an accountant ASAP when I've made a bit more money, but for now wondered whether anyone might have any experience of this themselves.

Thanks in advance! x

No this is absolutely fine. As long as you can prove you paid for something (eg. Coming out your bank) it doesn’t matter what name it is.

saltysweet

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Re: Tax - accountants, deductible expenses, general information
« Reply #294 on: 27 June 2019, 11:39:55 am »
How do you look for an accountant? Should it be a 'chartered accountant'?
Do you just google someone 'near me'? Or look for someone outside of London (with cheaper rates, hopefully)?
What is the going rate for submitting a tax return?
Sorry for daft questions but I think I made a massive mistake by being tied up to someone who actually only caused me a loss:FF

Nit picking me....did he cause you a loss? or suggested you claim a loss?
« Last Edit: 27 June 2019, 06:10:41 pm by saltysweet »

Mirror

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Re: Tax - accountants, deductible expenses, general information
« Reply #295 on: 27 June 2019, 12:49:33 pm »
Declaring a loss usually means no tax to pay.

mySecret

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Re: Tax - accountants, deductible expenses, general information
« Reply #296 on: 27 June 2019, 06:07:51 pm »
I use one based in Marylebone, found via the Tax Relief for Escorts website. They're not cheap, but very professional and reliable. I pay 68pcm but that's for two sets of returns.


was my past this one! bloody expensive! yes professional of course for what you are paying!
my new one is more professional and more cheaper!
i wasted my money for 3years for this, never never never again! just to calculate £68 for 12months!  :o :o :o :o
it was my big mistake ever!

sometimes cheaper doesn t mean not professional or not good!
of course this is my opinion now! nothing wrong with Kay`s choice! each person is different! so Kay i hope that you do not mind my comment!  :)

seraphine

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Re: Tax - accountants, deductible expenses, general information
« Reply #297 on: 28 June 2019, 12:44:54 pm »
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« Last Edit: 12 September 2019, 12:28:01 pm by 80s synthetic »

Mirror

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Re: Tax - accountants, deductible expenses, general information
« Reply #298 on: 28 June 2019, 12:55:45 pm »
No, I have to pay a penalty because of him.

Why did he submit late?

Unfortunately even if you use an accountant, we are still responsible for submitting - ie it's our fault if it doesn't go in on time or there's an error.

seraphine

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Re: Tax - accountants, deductible expenses, general information
« Reply #299 on: 28 June 2019, 01:54:59 pm »
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« Last Edit: 12 September 2019, 12:28:32 pm by 80s synthetic »