Accounting problem!

[Mcsandlaly]

I bought 6k of work when I started and my accountant said you cant put it against tax as basically good will, back in 2014, but when you sell it you make the profit on it then and its all yours.  Although I am wondering if thats accurate now having read this lot. My accountant costs me 550 a year so she better be right!! I only claim for work stuff, equipment, clothing worn for work, my van, fuel, resin, etc.....by the time I've done that I still make a profit sadly. So the tax man gets his share. You can get insurance against being investigated so you dont incurr too many costs. A mate of mine got investigated and ended up paying £1000 for just not having enough records........BE CAREFUL they after the smaller boys now...............Amazon and Costa are alright................

 

[scottish cleaning service]

I bought 6k of work when I started and my accountant said you cant put it against tax as basically good will, back in 2014, but when you sell it you make the profit on it then and its all yours.  Although I am wondering if thats accurate now having read this lot. My accountant costs me 550 a year so she better be right!! I only claim for work stuff, equipment, clothing worn for work, my van, fuel, resin, etc.....by the time I've done that I still make a profit sadly. So the tax man gets his share. You can get insurance against being investigated so you dont incurr too many costs. A mate of mine got investigated and ended up paying £1000 for just not having enough records........BE CAREFUL they after the smaller boys now...............Amazon and Costa are alright................

I wouldn't trust a woman with money especially my money. They end up spending it on shoes and very rarely wear them. No, you are better off with a male accountant, you will realise this in the fullness of time. :1f609:

 

[P4dstar]

 
I wouldn't trust a woman with money especially my money. They end up spending it on shoes and very rarely wear them. No, you are better off with a male accountant, you will realise this in the fullness of time. :1f609:

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Dude this is an open forum. If some feminist reads that it will give the site very bad press...


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[P4dstar]

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Dude this is an open forum. If some feminist reads that it will give the site very bad press...

I just wanna say what you’ve put doesn’t offend me. The wife has just moved from a useless female accountant. I just see so much witch hunting online these days.

 

[scottish cleaning service]

Aye, that's the problem with the UK no one is allowed to say anything, do anything in case you get sued. Hopefully it will get better after Brexit.

 

[Mcsandlaly]

My daughter works with me and does a great job on the paper work and having three daughters I wouldn't say anything else!!

Seriously though..................

 

[P4dstar]

My daughter works with me and does a great job on the paper work and having three daughters I wouldn't say anything else!!

Seriously though..................

Living in a house with 4 women, bet you aren’t used to getting a word in edgeways haha ? 

 

[scottish cleaning service]

Worked with a guy who had 3 daughters and he couldn't get in the bathroom. Maybe that's how most houses have a bathroom and a toilet.