Tax Returns – well they’re a lot of fun aren’t they?! (I hope you can detect there’s more than a hint of sarcasm there!) It’s not something I’ve had to do before as despite working pretty much since the age of 14 in a variety of jobs my tax has always just sorted itself out by virtue of being an ’employee’. Over the last couple of years things have been a bit more complex – leaving one job, starting two more that ran alongside each other for a while, running a little crafting business of an evening . . . all of this means I’ve got a tax return due at the end of the month.
I’ve been chatting to a few people about being self employed recently and the need to make sure you’ve got yourself a decent accountant who will make sure you don’t get yourself into a mess. Much better to pay someone who knows what they are doing to sort it out for you I reckon! But then what if it goes wrong? What if your accountant isn’t as great as you thought he was and actually makes mistakes that end up costing you money? Professional negligence claims are certainly not something you want to find yourself having to pursue.
Preparing to submit my first tax return has certainly taught me some lessons about organising my paperwork – namely that dumping it all in one drawer / email folder isn’t really the best way of doing things! My lovely friend Kate tells me I need a spreadsheet . . .
|Photo Credit: Dave Dugdale via Compfight cc|