What you use for tax

Discussion in 'Traditional Window Cleaning' started by mark2788, May 24, 2016.

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  1. mark2788

    mark2788 Active Member
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    We've always done our own tax and used bank statements as it shows every in and out, what do others use?
     
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  2. Cghwindowcleaning

    Cghwindowcleaning Well-Known Member
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    An accountant and business banking are what I use makes it much easier.
     
  3. rugbywolf

    rugbywolf Forum Addict
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    It's not just your in and outs, but your allowances and other claims against your tax, such as depreciation etc. Always worth using an accountant; as they say, he'll 'save you more than his fee'.
     
  4. mark2788

    mark2788 Active Member
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    We include the allowances we are allowed using hmrc site, I know an accountant might save you tax but it can still be done using the statements etc right?
     
  5. daveyboy

    daveyboy Legend
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    Tax?????
     
  6. mark2788

    mark2788 Active Member
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    Yh it's this really annoying thing where people take away alot of your money!!
     
  7. daveyboy

    daveyboy Legend
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    You have to be a bit more clever
    They only take a little of my money :whistle:
     
  8. Damo J

    Damo J Member
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    Stupidly i registered in march, just befote end of tax year. Do i have to bank money ive made? Or is it enough just to keep a book of what ive made and my expenses? Im new to this so please be kind if this is a dumb question.. Lol
     
  9. mark2788

    mark2788 Active Member
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    Think if you keep books that'd be ok, we use bank statements as alot of customers pay into it and it's easier to track everything, I needed a mortgage so had to show everything, even if you had a bank account you can do as daveyboy said and keep some back in cash, depends how serious you are as it can be easier with an account to pay all bills etc
     
  10. daveyboy

    daveyboy Legend
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    I log all my received payments as it is the nature of the job to always have a couple hundred quid or more cash on me it gets spent as needed so doesn't all make it to the bank so i need to log it rather than just pay it all in
    Pita to pay i to bank just to take back out what i need
     
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