L
lillywhite
Guest
Hi
I like many others recieved my Form 11 in the post recently,
.I had been preparing myself for it for awhile-Im a "virgin Form 11 participant".I was on last summer '07 and spoke about changing careers and stuff,and in order to facilliate my transition-keep myself occupied, I did a little book-keeping job that lasted for three months,I than went to the Dept of Social Welfare and signed on to claim the Job Allowance for the remainder of the yr,till I figured things out,-working in stud farm now muckin out horses at 6 in morn!!!.So last week-end I set about filling it in,and few things cropped up that I was'nt sure about,so with your help, I could help answer possibly the same question some one else may have,but thought it was stupid to ask. -Im a firm believer in there's no such thing as a stupid question.Some are just more knowledgable -you guys,than me.So here goes.
-The monies I recieved from my client, at the time I lodged to my own personal bank account,the one Ive had since I was ten and used as my drink-link for God knows how long,which would explain my lack of foresight in opening a business account and lodging the monies there,-being a once Paye worker turned Self-assessed for the period I did the book-keeping Jan 07-Apr07.-I had stopped being a PAYE worker prior to this.The question is how do I show this on the Form,are they "Drawings"-which leads to my next question.I wanted to be all professional and stuff and I thought I'd do up a little Extended TB and stuff,bearing in mind its literally the monies I recieved and taking out as Drawings,again not sure?!!!!,It leads me to ask one pertinent question;do I really need to get a signed audited set of accounts for the yr,and if so how are others dealing with this.If Im to do it by the book do I need to an accountant to look at my books. I would love to be able to say I filled in my own Tax return-CORRECTLY I might add-,concerning the monies recieved and lodged to my own account,do I need to show analysis of those amounts-I forget which Pub is which!!!!!!Please tell me Im making a mountain out of mole hill.
Thanks for your patience and I hope I've lighten someones load tonight
Good night
LW
Ps If i have any more questions is ok it for me to come back and share or have I used up my like quota of questions for the year!!!
I like many others recieved my Form 11 in the post recently,
.I had been preparing myself for it for awhile-Im a "virgin Form 11 participant".I was on last summer '07 and spoke about changing careers and stuff,and in order to facilliate my transition-keep myself occupied, I did a little book-keeping job that lasted for three months,I than went to the Dept of Social Welfare and signed on to claim the Job Allowance for the remainder of the yr,till I figured things out,-working in stud farm now muckin out horses at 6 in morn!!!.So last week-end I set about filling it in,and few things cropped up that I was'nt sure about,so with your help, I could help answer possibly the same question some one else may have,but thought it was stupid to ask. -Im a firm believer in there's no such thing as a stupid question.Some are just more knowledgable -you guys,than me.So here goes.-The monies I recieved from my client, at the time I lodged to my own personal bank account,the one Ive had since I was ten and used as my drink-link for God knows how long,which would explain my lack of foresight in opening a business account and lodging the monies there,-being a once Paye worker turned Self-assessed for the period I did the book-keeping Jan 07-Apr07.-I had stopped being a PAYE worker prior to this.The question is how do I show this on the Form,are they "Drawings"-which leads to my next question.I wanted to be all professional and stuff and I thought I'd do up a little Extended TB and stuff,bearing in mind its literally the monies I recieved and taking out as Drawings,again not sure?!!!!,It leads me to ask one pertinent question;do I really need to get a signed audited set of accounts for the yr,and if so how are others dealing with this.If Im to do it by the book do I need to an accountant to look at my books. I would love to be able to say I filled in my own Tax return-CORRECTLY I might add-,concerning the monies recieved and lodged to my own account,do I need to show analysis of those amounts
-I forget which Pub is which!!!!!!Please tell me Im making a mountain out of mole hill.Thanks for your patience and I hope I've lighten someones load tonight
Good night
LW
Ps If i have any more questions is ok it for me to come back and share or have I used up my like quota of questions for the year!!!