Help with filing an online tax return

If it's the Self-employment (full) try box 28 on SEF2 but it doesn't go on the Self-employment (short) return because it's not allowable.

Hello, I assume you are completing a tax return for some one who is self employed.  On the tax return it is called capital allowances, not depreciation, they are different but that is what you are looking for on the self employed pages.  Please read the help pages for Capital Allowances.  Hope that helps.

which software u r using

HMRC run lots of good courses free of charge. There are 3 for sole traders on setting up, allowances (including capital allowances) and SA online.

It may be worth you linking up with a local accountant for more complex matters. Alternatively you could look at studying for the Institute of Taxation exams yourself if you're looking at doing more tax work.

Good luck with the new business.

Della

PS Don't forget that you need to register with HMRC for money laundering purposes if you're not already covered by your own professional body.

First of all Prepare.

Get registered as an an agent for SA. Register  for Ahgent with HMRC

Set up client . deliver 64-8 to CAAT @ Longbenton.

Gather info and prepare tax computation in draft( to prove what you get from TAX RETURN).

Please read the instructions before proceeding.

HMRC has spent millions of hours writing notes  and it is all there on their website. or read the doorstep book of instruction they issue for SA100 preparers. It does help  to have  done this.

Next the self employed income goes in the Self Employed pages not in  the core tax return after you tick the box on page 2. Your accounts package should provide the data in a usable form to insert in the tax return, if you using such a thing. The point is you need to prepare  before trying to fill in a tax return.

Once you insert the depreciation you will have to disallow it and then further on in the  SElf employed payges enter your capital allowances claim whiich you will already have calculated separately.

Be prepared. Keep your head up and the overheads need to stay low.

 Remember you can always  change your entries  and correct it befoire you get it approved.

 I am a qualified accountant with over 25 years experience in the profession and it pains me to see questions like this being asked.

It seems to me that you neither have the qualifications nor the experience to do this sort of work?

Doing a bookkeeping course does not make you an accountant and certainly does not make you a tax advisor.

I'm not wanting to scare you but tax legislation can be a minefield and HMRC's new penalty regime will only make things worse for you and your client if you do make mistakes and an enquiry is commenced.

You would be better working for a firm of accountants until you at least have the necessary competences to make a go of it on your own, in my opinion.

Hi Alison,

Ignore the scaremongers and critics who have answered you. Even they had to learn how to do these things once upon a time, and had to ask questions.

If you are taking on clients then, yes you need to register with HMRC as an agent and yes you need to be covered for Money Laundering, but you do not need to be a qualified accountant to do tax returns. but that is not what you were asking.

A bookkeeping course would not have given you the knowledge to complete tax returns and, as suggested above, HMRC do provide good courses for this, but what you need is someone to help you learn, and point out the problems you might come across. Like calculating depreciation/capital allowances and showing this on the tax return is not as straightforward as you might think.

I was once in your position and would be happy to help you get started. email me at witch@witch-queen.com and I will reply with my phone number. Having someone to talk to will help you get up to speed faster and make things easier for you to understand

-- Witch-Queen

To Witch-Queen:
Well answered, it's nice to see that there are some other people like me who understand that everyone has to learn.

To Alisontully:
If you need some free accounts software, to run your accounts on, I can supply you with a copy of Diamond Discovery, as recommended by the ICPA.

Just remember, everyone starts with nothing.

Roger Neale
Business Systems Consultant
Perkeo Computer Systems Ltd

Tel 07714 670789

Well done guys for giving help to this new agent - and for putting your name to your message.

Why is it when someone wants to be lofty or unpleasant they dont put their name?  A qualified Accountant for 25 years?  I was with the Revenue for some 17 years and have been an agent for 14 years.  My clients comprise the little fish a fully qualified accountant of 25 years probably would not wish to bother with - it can take some time to deal with clients at this level eg some who can hardly write their name but still work and run businesses with very  little or poor paperwork.  Its much easier to pick up their papers monthly, carry out their bookkeeping and do their  accounts and Return at the end of their year.  I dont do limited company accounts, just sole traders and partnerships and am very good at nagging my clients into submission when I need information.   I have had three Investigations in 14 years and my client/myself  have come out well each time.  I am not running round like a headless chicken regarding the new enquiries - I will worry about it when it happens. Running as tighter ship as possible helps.  (reading these posts are extremely helpful,too).

Come on, Mr(s) Anonymous, there is plenty of work out there for all. We all had to start somewhere.

TheAncientOne