P11d

[Dan]

Anybody get annoyed with the amount of paperwork you have to file as a company?
Just done my P11D. Feels like I only just did 2014's the other day!

 

[White Room]

What is a P11D ????

 

[Dan]

End of year expenses and benefits the director has had on behalf of the company. Using company car for personal use, or using personal car for business use and you've claimed miles, that sort of stuff.

 

[White Room]

Any thing like that my account sorts out, he should do bloody money he charges me.

 

[Dan]

He should send it to you for you to declare if you're a limited company. It's for the director to fill in. I basically get a questionnaire off the accountant, and they copy the content over to the real form, and then I digitally sign it. I haven't seen my accountant for a couple of years in person now.

 

[White Room]

No director involvement just general dogs body

 

[Dan]

It's a pain in the freaking arse to be honest mate. I'm thinking of going back to sole trader for a couple of years now I'm not driving, and then go back LTD again when I get another company vehicle.

The tax benefits aren't worth all the extra paperwork and accountants fees IMO.

 

[White Room]

My accountant did say about going LTD once then mentioned companys house and his fees would reach a £1000 a year.

Not on your life.

 

[Dan]

I pay about £2500+ to my accountant per annum. They do the bookkeeping and whatnot too. My business isn't complex at all. I send about 40 invoices a year, and then have about 100 receipts a year. I should be paying £500 a year!

 

[On one]

I pay about £2500+ to my accountant per annum. They do the bookkeeping and whatnot too. My business isn't complex at all. I send about 40 invoices a year, and then have about 100 receipts a year. I should be paying £500 a year!

Makes the £150 I pay my accountant very good value indeed,I can't tell him that of course...oh no!

 

[White Room]

Makes the £150 I pay my accountant very good value indeed,I can't tell him that of course...oh no!

I pay mine £400 a year...

 

[Diggy]

Do my own online , absolute doddle , takes about 2-3hrs adding up the receipts and filling in return ( 3 line acccount ) , who needs accountants.

Diggy :0)

 

[Dan]

Wish I had the time and the balls.

 

[White Room]

What the Teaboy said....

 

[Dan]

2 sugars or honey again, sugar?