Self-assesment help
Discussion
I normally fill in my own self-assesment - very simple due to PAYE.
Last year (2020-2021) I was employed (P45 on departure), contracted for 3 months (paid direct from the USA), then PAYE again for 3 months.
Just asked a local accountant for a quote for completing my SA - £450!
I can see online companies willing to go much cheaper.
What do PHers normally pay?
Last year (2020-2021) I was employed (P45 on departure), contracted for 3 months (paid direct from the USA), then PAYE again for 3 months.
Just asked a local accountant for a quote for completing my SA - £450!
I can see online companies willing to go much cheaper.
What do PHers normally pay?
It's probably because you're a one-off and they can't be bothered. All that set up, ML requirements etc.bogie said:
You can do your own in about 10 mins, its just another section for employment you create in the SA form.
It doesn't sound like another employment to me.From what the OP says it sounds like a small amount of "self employed" income needs to be returned - so the self employed "pages" need to be completed (which might include inserting some self employed expenses for offset against the self employed income).
Eric Mc said:
bogie said:
You can do your own in about 10 mins, its just another section for employment you create in the SA form.
It doesn't sound like another employment to me.From what the OP says it sounds like a small amount of "self employed" income needs to be returned - so the self employed "pages" need to be completed (which might include inserting some self employed expenses for offset against the self employed income).
There were actually no expenses - sat at home and all equipment was provided.
I would say around £300 would be about right.
As mentioned above, we still need to do letter of engagement, ML checks, set up file, check details/contract that it was actually self-employed and not a foreign employment, the first year is usually least profitable (we like to make money too).
If it is self-employment, you say no expenses, but make sure you get asked questions which will probablydetermine that you probably do have some that are legitimate claims and could reduce liability. Make sure USA company didn't remit any taxes on your behalf too as they may be relieved against UK income, grab all the paperwork you can.
I'd like to think a decent accountant will likely save you that fee and give you the peace of mind that it's correct too. £150 sounds cheap.
As mentioned above, we still need to do letter of engagement, ML checks, set up file, check details/contract that it was actually self-employed and not a foreign employment, the first year is usually least profitable (we like to make money too).
If it is self-employment, you say no expenses, but make sure you get asked questions which will probablydetermine that you probably do have some that are legitimate claims and could reduce liability. Make sure USA company didn't remit any taxes on your behalf too as they may be relieved against UK income, grab all the paperwork you can.
I'd like to think a decent accountant will likely save you that fee and give you the peace of mind that it's correct too. £150 sounds cheap.
Sounds like a pretty simple scenario.
I've used Tax Clac for my taxes for more years than I can remember. Their wizards would probably get you through it quite easily.
You would only need the Individual version:
https://www.taxcalc.com/individual#Versions
for £32 got to be worth a look
I've used Tax Clac for my taxes for more years than I can remember. Their wizards would probably get you through it quite easily.
You would only need the Individual version:
https://www.taxcalc.com/individual#Versions
for £32 got to be worth a look
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