Self Assessment Tax Return Checklist 2010-11
To help you collate the information you need to prepare your self assessment tax return for 2010/11 we have prepared a useful checklist which you can download here.
In our experience, the list of income, deductions and capital transactions covers the majority of our clients but if you have other income, tax deductions or gains/losses not listed, you may need to include those on your tax return.
HM Revenue & Customs must receive your tax return by 31 January 2012 to avoid a penalty.
At HRBS we submit all tax returns and tax computations online. However, if you wish to prepare a paper return, the deadline is midnight on 31 October.
The earlier you prepare your accounts and tax return the better. You can claim any refunds promptly to help your cashflow and where tax is due; you will have plenty of time to plan your tax payments.
Click here to read the rest of this guide (Self Assessment Tax Return Checklist 2010-11)
How to choose your accountant
Do you really need an accountant?
If your business is small and you have less than £15k turnover pa and are organised, willing to research various business guides and the HMRC website to keep up with tax, VAT, payroll, NIC legislation … then the answer is likely to be No.
If you are not organised, then either get organised or get an accountant, as at the very least they can save you the various HMRC penalties and interest that is charged for late registration, late submission of tax returns and late payments of tax.
Click here to read the rest of this guide (How to choose your accountant)
ID Theft
I’m sure you, like me, will be concerned by the media reports on Identity Theft.
As well as personal ID theft, Corporate Identity Fraud is on the increase and the effects can be devastating for the company whose identity has been stolen and its suppliers who supplied the goods in good faith.
