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Post Info TOPIC: My first Tax Return
Terri


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My first Tax Return
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I have received a tax return for the the tax year 6 April 2008 - 5 April 2009, however I only officially started trading wef 1 April 2009.  I called HMRC and they told me that I had to complete the form for the 5 days that I was trading.  I didnt get my first client until the 17th April but did spend money before the 1 April on things like stationery, business cards, training courses etc.  What should I do?  Would I be able to call HMRC and change my start date to the 6 April 2009 and fill in my first tax return at the next year?  My concern is that I am not making much money at the moment, I only have one client and so I dont really want to pay an accountant to do this one for me for only 5 days of trading, although I dont feel that I am confident enough to do it myself.  I do however know someone who could do the return for me although I would prefer to do it myself and save some money.  Any advice would be greatly appreciated. 

Terri


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Terri Homyard AICB CB. Cert PM. Dip

A1 Bookkeeping & Payroll Services

www.a1-bookkeeping.co.uk
Alison


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HI Terri

Is the Tax Return the short versioned tax return, if so this is really easy to do online. Think you get a guide with it which explains each box.

In my first year I got a long tax return which I completed on paper and was a lengthy process and was relieved at the second year being a short version. Wish I was still a sole trader as can handle the self assessment forms, now Limited Company dreading the Corporation tax form.

Alison

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