Tax advice

[JackSomething]

Hi all, having previously drawn on the JA support network for advice on IFA's, I'm looking for any recommendations for an accountant please? I've had the request from HMRC to do a self assessment tax return and having never done one before, I'm looking to get expert advice on this first one rather than do it myself.

Thanks in advance.

 

[Cooperman]

What is making you think that you need an accountant, your tax affairs (which are none of my business) or the familiarity with the system? The system is quite straightforward for those under PAYE.

 

[monmouth]

Yes, don't pay, unless you do have complicated affairs. Your employer (s) will give you a P60 (s) which gives you all you need for the 'employment' section. Then any interest earned will be notified to you, ditto dividends on an annual statement. This can take a couple of months to come through sometimes, but you have until next January to file online.

If you don't have an online account, set one up. Go to HMRC site and do it through Government Gateway. You may have to prove your identity by uploading passport or DL photos if I remember right. Then the form is there under self assessment, and it will actually also have details of your employment as that's all electronically submitted now each month. If you can't do it after that for any reason, then fair enough, but at least you'll know what you don't know, and I'm sure some of us (ie Lisa) can answer any questions!.

 

[JackSomething]

Thanks for the advice both. I've been asked to submit for 24/25 within 3 months of receiving the letter. I'm in the process of gathering the end of year interest statements from the various accounts I had open at the time. Perhaps I'll have a crack at submitting it all myself before paying an expert.

 

[Pentyrchjack]

I can't offer advice but happy to share my experience of doing many years Self Assessments. Please inbox me.

 

[J_B]

Write back to them and say that you’re terminating your membership forthwith in protest at their ever increasing subscription fees.

 

[monmouth]

Thanks for the advice both. I've been asked to submit for 24/25 within 3 months of receiving the letter. I'm in the process of gathering the end of year interest statements from the various accounts I had open at the time. Perhaps I'll have a crack at submitting it all myself before paying an expert.

24/25? I won't ask!