The HMRC workshop on completing the SelfAssessment Tax Return for the Self Employed Sole Trader was Very useful. I thought I knew what to do, it was nice to be to make sure before I launched into it.
Conclusions:
* using a room in your house as an office is not without problems – I had not considered the implications of claiming part of the council tax re: capital gains and business use down the line. They recommend that you don’t do it.
And I shall have to work out just how much time is spent each day in this room on personal/business.
* you can claim 100% for new equipment straight away. Nice one. My desk top computer needs to be replaced soon.
* the special rules for authors on averaging etc are great when the Mills and Boon payment schedule does not match the tax year
* I will NOT be able to complete my return OnLine- which is a shame – but there are two many complex factors involved.
* notes on everything you ever wanted to know and all of the forms are on the website and you can download them all and print off what you need.
Especially: Self Employed Extra Pages , The Short Form and notes on how to fill it in, and lots more.
All that is for when I return from hols. I am off to Richmond and then London today, so busy, busy.
So I leave you with this splendid engineer – Theo Jansen and a fine example of what creative thinking can do.
Lesson? If they give you ruled paper to write on – write sideways. Happy days. 🙂
2 thoughts on “Pre-Holiday Rush”
Thank you Debs – I do feel more confident about completing the forms now.
Tax forms – shudder, shudder.
Have a great holiday.
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