I'm looking for an accountant or bookmaker - not sure which is needed...

[neeiro]

Hi,

Wonder if someone can point me in the right direction, I'll put my current situation so people can see what I need...

So I'm currently working part time for a company but also trade as a self employed (very low income as I'm basically just keeping it ticking over) so my book are basically one expense, one income from self employment.

I started my part time work in January 2022 - so want to get my self assesment right for the first year and get my tax correct.

I have everything at hand - my employer uses sage online for my wage slips, So it's basically filling out the self assesment form correctly.

Kind Regards

Neil

 

[antropy]

"I'm looking for an accountant or bookmaker"
I think you mean bookKEEPER, a bookmaker is something else entirely ?

Paul.

 

[Newchodge]

Hi,

Wonder if someone can point me in the right direction, I'll put my current situation so people can see what I need...

So I'm currently working part time for a company but also trade as a self employed (very low income as I'm basically just keeping it ticking over) so my book are basically one expense, one income from self employment.

I started my part time work in January 2022 - so want to get my self assesment right for the first year and get my tax correct.

I have everything at hand - my employer uses sage online for my wage slips, So it's basically filling out the self assesment form correctly.

Kind Regards

Neil

Have you looked at the self assessment form. It is fairly basic. If you have kept a record of your self employed expenses and income from April 2021 to end March 2022 and have your P60 from employment, there is not much more that you need

 

[NicoJ]

Have you looked at the self assessment form. It is fairly basic. If you have kept a record of your self employed expenses and income from April 2021 to end March 2022 and have your P60 from employment, there is not much more that you need

I say this with the greatest respect, on one of your other posts you mention payroll being easy until it isn't. I would say this is the same. The amount of people who mess up a DIY return is frightening and its usually to their detriment.

To the OP, I would try a few local accountants although you've left it a bit late so I would say you should be prepared to pay a bit more than normal.

 

[Newchodge]

I say this with the greatest respect, on one of your other posts you mention payroll being easy until it isn't. I would say this is the same. The amount of people who mess up a DIY return is frightening and its usually to their detriment.

To the OP, I would try a few local accountants although you've left it a bit late so I would say you should be prepared to pay a bit more than normal.

That's true, although probably it is more difficult to do a ltd company return.

 

[RobPickering]

Hi,

Wonder if someone can point me in the right direction, I'll put my current situation so people can see what I need...

So I'm currently working part time for a company but also trade as a self employed (very low income as I'm basically just keeping it ticking over) so my book are basically one expense, one income from self employment.

I started my part time work in January 2022 - so want to get my self assesment right for the first year and get my tax correct.

I have everything at hand - my employer uses sage online for my wage slips, So it's basically filling out the self assesment form correctly.

Kind Regards

Neil

As it's a self-employed tax return (not for an llp or ltd company) and you say you have just one expense and one income from it... it sounds as if it would be very simple to do your own self assessment tax return. An accountant would ask you about all the various things that might be out of the ordinary - have you bought or sold any shares, do you own a second property for rental, and several other things that they will know to ask and I won't attempt to. If you feel your situation is very simple, ie literally you own nothing else for capital gains and no other source of income, self-assess yourself. Otherwise, ask a few local accountants or bookkeepers. In January it will be diffcult to find a good accountant or bookkeeper who has time/capacity to handle this by the end of the month and it will probably cost £200-400+VAT.
I used to do my own returns for years when I was self-employed, but now with a Limited Company I definitely leave it to my accountant to sort pensions, dividends, company cars, expenses, VAT, etc etc. If I were self-employed in the position you describe, I'd definitely do my own return and find a bookkeeper or accountant for next year.

 

[neeiro]

antropy - thanks for spotting the 'bookmaker' error, spotted that when it was too late to change the title - shouldn't have rushed it on my phone

Thanks for all the replies - really what I need is someone to check over the forms for guidance and to make sure I've been given the right tax code etc.

One thing that might affect it is that I split from my wife in November 2021 - she is self employed and rents out a property in her name.

Do I have to take into her financial side of things up until the point we seperated? (Apr 21 - Nov 21)

 

[Scalloway]

Do I have to take into her financial side of things up until the point we seperated? (Apr 21 - Nov 21)

Wives have been taxed separately from their husbands since 1990.

 

[MyAccountantOnline]

Hi,

Wonder if someone can point me in the right direction, I'll put my current situation so people can see what I need...

So I'm currently working part time for a company but also trade as a self employed (very low income as I'm basically just keeping it ticking over) so my book are basically one expense, one income from self employment.

I started my part time work in January 2022 - so want to get my self assesment right for the first year and get my tax correct.

I have everything at hand - my employer uses sage online for my wage slips, So it's basically filling out the self assesment form correctly.

Kind Regards

Neil

@neeiro did you get your tax return sorted?

Whilst your tax affairs do sound straightforward, it's very easy to miss out on tax relief due and pay avoidable and unnecessary tax.

If you are going to complete your own tax return do in particular make sure you claim all expenses possible. I'd be really surprised if you can only claim one expense. Do also read up on loss relief as you may be able to claim a tax refund if you have other income and a loss from your first year of self employment.

It may not give you the best tax savings but you may find using Simplified expenses is an easier option if you are completing your own tax return. https://www.gov.uk/simpler-income-tax-simplified-expenses