Filing - Silly Question

[SandyDown]

Do you people file your financial papers for each year from Jan to Dec or do you file them from April to April??

[Gonzo]

Do you people file your financial papers for each year from Jan to Dec or do you file them from April to April??

Personal taxation is April to April. Company taxation depends on the company financial year. (In the UK of course - other countries are different I believe).

[SandyDown]

Personal taxation is April to April. Company taxation depends on the company financial year. (In the UK of course - other countries are different I believe).

True... hmmm so need to have two filings system then

[Gonzo]

True... hmmm so need to have two filings system then

Or let the accountant worry about it?

[SandyDown]

I pay my accountant around £300 a year, this means I file all the papers and do a spreadsheet of each month's P&L then email it to him, he fills in the IR forms which I can't get my hear round, calculates Tax etc... I know some other accountancy firms charge that much a month, so am happy doing most of the work, and even more, that's why I asked for an accounting tool that could convert my daily P&L to automatically calculate all tax and other end of year figures.... I'd still have my accountant to advise me, am very pleased with his services, its just a matter of me wanting to know all the details relating to the business

Do you know what is funny - I've been working for the last year in financial / accounting transformation projects (for investment banks and large investment management companies) .. however the specs and processes for large investments banks so complex, i.e. one bank is composed of hundreds of legal entities ..also on top of the required end of year financial statements most companies have their own controls to make their lives easier so my 1 year experience doesn't help me that much

Never mind one day the penny will drop

[Gonzo]

I pay my accountant around £300 a year, this means I file all the papers and do a spreadsheet of each month's P&L then email it to him, he fills in the IR forms which I can't get my hear round, calculates Tax etc... I know some other accountancy firms charge that much a month, so am happy doing most of the work, and even more, that's why I asked for an accounting tool that could convert my daily P&L to automatically calculate all tax and other end of year figures.... I'd still have my accountant to advise me, am very pleased with his services, its just a matter of me wanting to know all the details relating to the business

Do you know what is funny - I've been working for the last year in financial / accounting transformation projects (for investment banks and large investment management companies) .. however the specs and processes for large investments banks so complex, i.e. one bank is composed of hundreds of legal entities ..also on top of the required end of year financial statements most companies have their own controls to make their lives easier so my 1 year experience doesn't help me that much

Never mind one day the penny will drop

If that works for you great. I am a complete control freak and started out wanting to know everything that the accountant was doing for the company. The day I realised that I should just sit back and not worry about it came as a big revelation. But then again, mine does cost four times as much.

[darmstadt]

I've just done mine for 2005. All I do is give everything to my accountant, she does all the paperwork, I pop in and sign it and then they send it to the Finanzamt. Nice and easy, except paying the taxman.

[cojak]

I've got to pay me tax next week.

While it could be a lot more, it still almost makes me cry when I write the cheque.*

(* to anyone about to suggest online tax payment - please rip your own nose off and stuff it down your throat. Thank you.)

[xoggoth]

Have you considered ONLINE TAX PAYMENT Kojak?

[AlfredJPruffock]

I've got to pay me tax next week.

While it could be a lot more, it still almost makes me cry when I write the cheque.*

(* to anyone about to suggest online tax payment - please rip your own nose off and stuff it down your throat. Thank you.)

And so they got you too K ?

How sad.