Give me strength....
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Reply to: What I need to know about TAX
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Previously on "What I need to know about TAX"
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Originally posted by jalal.din View PostI havn't paid any taxes for company earnings yet I am worried now.
regards,
jalal
So stop worrying!
But you need help from an accountant. Look only the right side of this page under "First Timers". Search the threads here and you will find a few recommended accountants.
HTH
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Get an accountant. It will work out less costly than screwing it up yourself.
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What I need to know about TAX
Hi Guys,
I really appreciate your help here. I need to know about the corporate tax. I done contracting for couple of months. new private limited company created . No payrolls processed and NO VAT needed. One year of company formation is done couple of weeks back. What I need to do now for taxations etc? Already filled the online Annual returns form 353 and paid 15£ for it. What else I need to do? Do I need to pay on the income of the company? How and where and how much?
I done contracting for couple of months last year starting from 18 Sep 2008 till November 2008. I used online website to create the company with my wife owning the 100% shares. My contract was terminated quickly and I landed in perm job once again in Jan 2009. i received around 3 payments and done some expenses. I spent 30% of funds went to charities 40% to dividends and expenses and around 30% is still in account.
I hired an accountant for three months and paid him the money but he was not helpful as he was on holidays most of the time. This time I want to do it myself as I don't want to pay 500 pounds for annual stuff.
I havn't paid any taxes for company earnings yet I am worried now.
regards,
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