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Discuss CIS Tax Rebates - accountant needed?? in the Electricians Chat - Off Topic Chat area at ElectriciansForums.net

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kev.k

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Hi

I registered with the CIS a couple of months ago and wanted to know if I need an accountant to handle my tax rebate at the end of the year?

If so, if anybody can recommend someone who specialises in this area? I'm in Manchester.

Cheers
 
Get some folders (tax deductible), keep any paperwork in the folders (I use one per year).
Get a spreadsheet program (Open Office I believe is free). Keep a record of your expenditure and income (receipts are not required for every single expense).
Write a note in the spreadsheet what the expenditure is for (travel to such and such by car, tools, materials, phone bill, etc.). Also write a note for income (payment from Joe Bloggs).

Unless you are earning mega bucks, all you will need to fill out the self assessment is, the totals of your income and expenditure, interest earned from banks and Building Societies and any tax paid.

If you want to do self assessment on line, you will need to set up a Government Gateway Account.
Need to activate the account within the time limit.
 

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