Can I do the director Self Assessment Tax Return by myself?

Discussion in 'Accounts & Finance' started by johnp1, Nov 1, 2018.

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  1. johnp1

    johnp1 UKBF Newcomer Free Member

    19 2
    Hello,

    My accountant quoted me about £200 to do the director Self Assessment Tax Return for the year ending.

    My feeling is that it is a bit too expensive.

    Is it complicated to do by myself?

    Thank you for your support!
     
    Posted: Nov 1, 2018 By: johnp1 Member since: Oct 4, 2018
    #1
  2. STDFR33

    STDFR33 UKBF Big Shot Free Member

    4,528 1,209
    Given that you have to ask, it tells me that you probably shouldn't do this on your own.

    Filling in the SATR is simple. Ensuring that the calculations are correct, and you enter everything in the correct place is the difficult bit.
     
    Posted: Nov 1, 2018 By: STDFR33 Member since: Aug 7, 2016
    #2
  3. MyAccountantOnline

    MyAccountantOnline UKBF Legend Full Member

    13,305 2,500
    I don't find Self Assessment tax returns complicated but over the past 25+ years I've done a few ;)

    If your affairs are fairly straightforward and you are prepared to spend the necessary time you can do it but do make sure you claim all that you can, declare all necessary income and gains and pay the correct tax.

    Do you actually need to complete a tax return?
     
    Posted: Nov 1, 2018 By: MyAccountantOnline Member since: Sep 24, 2008
    #3
  4. mattk

    mattk UKBF Newcomer Free Member

    2,401 881
    It depends on how many different income streams you have. If it is as simple as a PAYE salary from your company and some dividends, then yes you can do it yourself.

    If you have income from multiple sources, want to offset costs, capital gains, dividends and so on, you might want to pay the £200 to save yourself the hassle.
     
    Posted: Nov 1, 2018 By: mattk Member since: Dec 5, 2005
    #4
  5. Talib

    Talib UKBF Newcomer Free Member

    1 0
    Hi you can get this done cheaper contact 01274 752200? this is a number for an accounting practice, they charge 99.00
     
    Posted: Nov 1, 2018 By: Talib Member since: Nov 1, 2018
    #5
  6. Lisa Thomas

    Lisa Thomas UKBF Enthusiast Free Member

    3,607 468
    It will be more expensive if you get it wrong...
     
    Posted: Nov 1, 2018 By: Lisa Thomas Member since: Apr 20, 2015
    #6
  7. AccountsLogic

    AccountsLogic UKBF Newcomer Free Member

    11 7
    Hi John
    The price an accountant will charge for a SATR depends on the time required to complete.

    Typically can range from £100 to £200.

    The main thing is to ensure they are qualified and will not make errors which will cost you.
     
    Posted: Nov 2, 2018 By: AccountsLogic Member since: Jul 2, 2018
    #7
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