Help needed plese

[SteelyDan]

You have expenses of nearly £20k?

Hey, c'mon, give the guy a break; he's asking for some advice, not looking for criticism/sarcasm on how he has run his business.

Best advice already provided; go see an accountant and be completely open and honest about stuff.

[JamJarST]

Hey, c'mon, give the guy a break; he's asking for some advice, not looking for criticism/sarcasm on how he has run his business.

Best advice already provided; go see an accountant and be completely open and honest about stuff.

I wasn't being sarcastic, I was trying to find out why he has turnover of £20k and "very little profit".

[Manatu]

Ok thanks for the replies I think it did not come out correctly. This is not all bad, yes I have made a cow of things, but im only a month out infoming the tax. I have not set up paye and Iam just paying myself and one other from the bank so if I inform the tax and pay any taxes due I should be straight.
I did have an accountant but he has moved to run an office 50 miles away so there has been little contact. Im just worried about the whole tax thing and never meant to let it go but with the wife's illness I got carless and when I wasn't working I was looking after the kids when she was unwell etc. Things are better at the moment and I have work on the books so should I just come clean to the IR and write them a letter and hope they will let me pay up my back tax (remembering it is only tax on £3,000 earnings) and not my corp tax which is not due until March 2013 I think.
As always any help fully appreciated.

[northernladuk]

Troll IMO

[Manatu]

Troll

and u are my hero..... Hope ur as much of a hero when cancer hits ur life.
give me ur address and i will come and say thanks personally.

[Joeman]

(remembering it is only tax on £3,000 earnings)

So assuming its your sole income for the tax year, you better hurry up and write the tax man a cheque for the grand total of £0.00 with a very apologetic letter that costs him more to read than you're paying him!!