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Farm Business
Agricultural Matters
Doing your own accounts and tax returns?
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<blockquote data-quote="rob1" data-source="post: 4256304" data-attributes="member: 332"><p>Been doing mine for 30 years with no problems, so far<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite11" alt=":rolleyes:" title="Roll Eyes :rolleyes:" loading="lazy" data-shortname=":rolleyes:" />. Inheritance planning etc needs a pro though imvho but everyday stuff isnt that hard, i made my own spreadsheet to suit what i wanted to do so i csn see how various bits of the business are doing. Plenty of online help if you need it and hmrc are helpful if you need an answer to a specific question. Just my opinion but generally accountants fall into two camps one who are very strict about stuff you claim for and ones who will claim for anything, one makes you pay more tax one maywell end up getting you in serious trouble. Doing my own i claim for genuine stuff only but timing of purchases can be done to suit as i have an idea of the years profit as i go along</p></blockquote><p></p>
[QUOTE="rob1, post: 4256304, member: 332"] Been doing mine for 30 years with no problems, so far:rolleyes:. Inheritance planning etc needs a pro though imvho but everyday stuff isnt that hard, i made my own spreadsheet to suit what i wanted to do so i csn see how various bits of the business are doing. Plenty of online help if you need it and hmrc are helpful if you need an answer to a specific question. Just my opinion but generally accountants fall into two camps one who are very strict about stuff you claim for and ones who will claim for anything, one makes you pay more tax one maywell end up getting you in serious trouble. Doing my own i claim for genuine stuff only but timing of purchases can be done to suit as i have an idea of the years profit as i go along [/QUOTE]
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Doing your own accounts and tax returns?
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