Uk question
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- lw-d
Self Assesment, appears that I have not kept receipts for a couple of outgoings. This is the first time I will have an accountant fill it in for me, do I need the receipts? He has asked for them.
Thanks.
- rasko40
I just give my accountant an excel file with my outgoings tallied up, he doesn't need to see the receipts, some of my outgoings are estimated, not ideal but more fitting for a 'creative' as it were ;)
- rasko40
how much do pay him btw?
- emecks0
seeings as yer here....
any idea if I can be a director of a limited company AND declare myself self-employed??
- _salisae_0
receipts are only required when you are audited
- rasko40
I dont see why not, as long as you aren't sub contracting yourself, but maybe you can I'm not sure. I know that if you have two limited companies you can hire your other company to do your work, not sure the deal if you are thinking of trying to write off your self employed salary under your ltd co., though I do like the idea.
- lw-d0
£350 is what I am paying. Last couple of years I have done it online, real easy. Problem is, for mortgages and stuff, you need something like 3 years worth of accounts by an accountant.
The funny thing is, the accountant is a a good mate of my mrs Dad (he does his accounts) and I have to send all my invoices to him, see if I'm good enough to marry his daughter :D
- rasko40
really? can't you just do a self -cert without all that crap?
- lw-d0
Apparantly, we got a mortgage a couple of years ago and they only took into account the part time work I was doing at the time, nothing from Freelance work, luckily my mrs. did ok because HSBC offered here a decent amount because they had a graduate promotion on at the time. Made me feel pretty small, even though we earned roughly the same. They said I needed 3 years of official accounts done by an accountant.
Crap really, so I am only paying £350 for the banks.
- emecks0
cheers rasko,
thing is, I am already a director of an LTD. In my new job they can't pay me as much as I would like but there is great potential for the future, so my boss (knowing that I also freelance) offered to pay me as a contractor as opposed to an employee, but still giving me holidays etc... good deal?
- rasko40
I'd say so yes, and there shouldn't be a problem with that, I thought you may have been trying to offset yourself somehow.
- emecks0
"no no mr taxman it's all good rasko said so"
;)
- rasko40
to be fair - I know nothing
- UndoUndo0
hey emecks you should check out the rules covered by the IR35 - Inland Revenues way to stop you contracting to a single company for a long period of time - bottom line is you need to have invoices from multiple clients to be safe- if yr freelancing and running those through the books you should be okay
- ********0
cheers Undo!
So as long as I show that I am charging more than one client for my services I should be okay?
Like I can work say 9to5 for one client and charge a few others through the books as opposed to cash in grubby mitts...
- Dancer0
Problem is, for mortgages and stuff, you need something like 3 years worth of accounts by an accountant.
The funny thing is, the accountant is a a good mate of my mrs Dad (he does his accounts) and I have to send all my invoices to him, see if I'm good enough to marry his daughter :D
lw-d
(Aug 11 06, 13:56)You should of seen an independant Mortage advisor lw-d. You should of been self certifed and that would of been no problem. My friend is a gaffer on film sets and he only worked for 6 months then he got a relatively decent mortage with that.
In regards to off setting yourself sounds interesting.
Can I claim my clothes on expenses? I have to look relatively decent for client meetings!!!