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#1 26-03-06 15:13:48

Janey1
Verified Member
From: Suffolk
Registered: 01-02-06
Posts: 292

Tax-Buddies?!

Hi all

Anyone use Tax-Buddies?  I had a leaflet through when I joined the DIA

Does anyone have any advice?

Cheers



Janey

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26-03-06 15:13:48

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Re: Tax-Buddies?!



#2 27-03-06 22:22:02

PiperIan
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From: Renfrewshire
Registered: 18-06-05
Posts: 768
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Re: Tax-Buddies?!

Hi Janey...

I have been looking at all the accountants who advertise but I think I will have a bash at doing it all myself.

I bought a book on Amazon about book keeping for the small business so I will see how it goes.  If it ends up too much hassle I will think about one of these companies.

Does anyone else have experience of DIY ?


I'll never forget Wotzizname !!!

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#3 27-03-06 22:28:13

Karenadi
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Re: Tax-Buddies?!

These companies seem to charge loads for you to do most of the work yourself.

I use an accountant, take all my bumpf (hours worked: income: expenditure; receipts; bank statments etc etc) to their offices in a plastic carrier bag, and low and behold: 3 - 4 months later out comes a printed bound proper set of accounts.

Costs around £300: wouldn't like to think how much they save me in tax: worth every penny and I wouldn't consider using one of these cheapy firms: looked at it: jokers.

Remember like everything else: you get what you pay for.

As for DIY: not a chance: too risky when the tax guys start investigating: my accountants will cover that too.  Friends of ours had to pay out thousands in tax because they were accused of hiding income: they couldn't produce receipts for things like washing machines and other household items, so it was assumed they'd paid cash from unaccounted takings: keep every single receipt and don't pay cash for anything big if you can help it.

#4 27-03-06 22:38:31

PiperIan
Verified Member
From: Renfrewshire
Registered: 18-06-05
Posts: 768
Website

Re: Tax-Buddies?!

Thanks Karen...

That's got me thinking now  :-


I'll never forget Wotzizname !!!

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#5 02-04-06 07:00:33

bigred
Verified Member
From: Kent
Registered: 25-02-04
Posts: 1,592
Website

Re: Tax-Buddies?!

I'd been doing my own accounts for years, I tried tax buddies for 1 year but it was more complicated than doing it myself.

However, most of my instructors use a local accountant who charges just£100 pa. Well satisfied they are!

Regards,

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