For those of you who do not use an accountant, how do you keep up with the various changes in tax / dividends, other expense changes, etc? Tolleys? Accountingweb?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Keeping up with tax / regulatory / accounting changes
Collapse
X
-
-
Why wouldn't you use an accountant? For the amount you pay them, it can easily be recouped back by benefitting from their knowledge.The greatest trick the devil ever pulled was convincing the world that he didn't exist -
Originally posted by LondonManc View PostWhy wouldn't you use an accountant? For the amount you pay them, it can easily be recouped back by benefitting from their knowledge.Taking a break from contractingComment
-
Originally posted by chopper View PostI suppose for some, spending 0.8% of their annual turnover on an accountant is just too much to bear.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
-
Originally posted by LondonManc View PostWhy wouldn't you use an accountant? For the amount you pay them, it can easily be recouped back by benefitting from their knowledge.
I was more interested in how they keep up with the communication of change from year to year, and where their main sources of information on tax and process changes. It seems to me that there are a lot of regulatory changes each year, so I was curious (without berating them for not getting an accountant) as to how they keep up with the changes.Comment
-
The few I know on here without them ask on here. 13000 accountants for free..'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Originally posted by northernladuk View PostThe few I know on here without them ask on here. 13000 accountants for free..Comment
-
Originally posted by Alan @ BroomeAffinity View PostIt's not a bad place to start to be fair. If the info isn't there there's more often then not enough people willing to sign post to it.Comment
-
Originally posted by meridian View PostIt sort of assumes, though, that they would have an idea of what to ask for, which implies that they have had some form of communication that might trigger that they need to find out more.Comment
-
Originally posted by Michael at BI Accountancy View PostI think majority of this would come from hearing other contractors speaking about said changes. Whether on this forum or at the place of contract.
It is reasonable to assume the majority of limited company contractors in the PS are unaware of what is coming their way in a couple of months.
And when the taxman cometh, or when their April fees are massively lower than March, they will google frantically, come here, and ask for free advice with a situation far more complex than can be answered on a public internet forum.
And then, as sure as apples are apples, they wont like the answer and we'll all be called unprofessional for telling it like it is.
THAT is the approach that most limited company contractors without (and some with) accountants take. ;-)Taking a break from contractingComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment